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DAILY MARKET OVERVIEW
Today's Top Market Headlines – Oct 24, 2017
Strong US earnings push the Dow to a new record

The greenback edges higher

 

The good earnings reports from many US manufacturers pushed the Dow Jones to a new height. At the same time criticism of President Trump from members of the Republican party complicated the process of implementing tax cuts.

 

Here’s what caught our eye among stocks:

S&P 500 Index gained 0.16% in New York; the Dow sprung 0.72% to a record high, scoring its biggest gain in six weeks.

Stoxx Europe 600 fell 0.36%.

FTSE 100 increased less than 0.05%.

DAX added 0.08%.

MSCI Emerging Markets dropped 0.24%.

 

A mildly intensive session for the FX market:

The dollar added 0.3% to the highest in almost 15 weeks.

The euro gained 0.1% to $1.1761.

The British pound dropped 0.5% to $1.3125.

 

Commodities had a wild ride, though:

Gold fell 0.4% to $1,276.64 an ounce, the lowest in more than two weeks.

WTI crude added a full percent to $52.44 a barrel, the biggest in four weeks.

LME zinc jumped 1.5% to $3,177 per metric ton, the biggest in a week.

LME copper gained 0.4% to $7,035.50 per metric ton.