Today’s market summary is as follows:
The “Magnificent Seven” tech stocks have driven US equity markets to new highs. These tech giants have played a significant role in pushing the MSCI All-Country World index to record gains for the year.
US Treasury Bonds:
US Treasury yields fell from a 16-year high as Bill Ackman ended a bearish bet. The 10-year benchmark borrowing cost briefly climbed above 5% for the first time since 2007 before retreating.Read More »Markets Summary – An Investor’s Digest for 24.10.2023