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DAILY MARKET OVERVIEW
Today's Top Market Headlines – Oct 26, 2017
US stocks rebound on earnings and the budget vote

Twitter and Ford topped estimates

 

Most US shares went up on news of robust earnings growth, speculation on the Fed’s next chair and Congress accepting the 2018 budget.

Amazon surged 7% and Alphabet jumped by 4%. The two were among the tech companies, that published earnings reports this Thursday. The latest batch oh earning underlined the strength of the US economy a day before investors find out GDP figures for the 3rd quarter.

 

Here’s what caught our eye among stocks:

S&P 500 climbed 0.13% Thursday in New York; Dow Jones rose 0.31%; Nasdaq 100 fell 0.28%.

Stoxx Europe 600 jumped 1.1%.

MSCI All-Country World fell 0.08%.

 

A mostly wild session on the FX market:

The dollar increased 0.7% vs peers.

The euro fell 1.4% to $1.1648.

The pound declined 0.8% to $1.315.

 

A fairly bearish one with commodities:

WTI crude climbed 0.9% to $52.67 a barrel.

Gold dipped 0.8% to $1,267.66 an ounce.