Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Trump to Ease U.S. Fuel-Economy Standards 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
ECB May Stop Rate Hikes After December, Capital Economics Says 
Trump, Xi Focus on Trade and AI at White House Summit 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
China Agrees to Buy 20 Million Tons of U.S. Coal 
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Alphabet Surges, Lifting Nasdaq Futures
U.S. stock index futures saw gains in evening trading on Tuesday, fueled by a sharp 5.5% rise in Alphabet Inc. shares after the tech giant reported better-than-expected earnings. Alphabet’s performance is anticipated to set a positive trend for other tech stocks, with Meta, Microsoft, Amazon, and Apple slated to release earnings in the coming days.
Tech Leads Gains as Broader Market Holds Back
S&P 500 Futures rose 0.2% to 5,883 points, with Nasdaq 100 Futures up by the same percentage to 20,737.25 points. Dow Jones Futures inched up 0.1% to 42,487 points. However, non-tech sectors remained cautious amid ongoing concerns about the upcoming 2024 presidential election and key economic reports due later this week.
Alphabet's AI Investments Show Results
Alphabet’s success in Q3 was partly due to its cloud services, which grew at their fastest pace in two years. These services were supported by advances in artificial intelligence and election-related ad revenue, particularly on YouTube. The company’s positive results buoy investor sentiment for tech.
Broader Market Mixed as Investors Eye Key Data and Election
The NASDAQ Composite closed 0.8% higher at a record 18,717.58 points on Tuesday, while the S&P 500 rose slightly, ending at 5,832.92. However, the Dow dipped by 0.4%, reflecting lingering caution. Investors remain watchful ahead of Thursday's Q3 GDP report and Friday’s PCE index and employment data, all of which could influence the Federal Reserve’s expected rate decision next week.
