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AHR Weekly Market Update - Monday 28th October
Manage episode 447250663 series 2891086
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Welcome to this week’s AHR market review for the week ending 27th October 2024.
Global equity markets experienced a sell-off last week amid a flurry of third-quarter corporate earnings announcements, while bond yields continued their upward trajectory, and oil prices saw a strong rally.
As we reach the midway point of third quarter earnings season, a handful of mega-cap technology giants in the U.S. are anticipated to drive the bulk of earnings growth.
Tesla, one of these tech behemoths, led the charge as last week’s top performer in the S&P 500, boosting the broader index and staving off a steeper decline.
Equities in the U.S. slid broadly by 1% over the week, with value and small-cap stocks hit hardest, dropping nearly 3%.
U.S. Treasury yields continued their ascent, with the 10-year note climbing for the fifth time in six weeks.
Finally, crude oil prices in the U.S. rallied almost 5% last week, reaching close to $72 per barrel by Friday afternoon.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.
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