Tech Earnings Cause Late Trading Swings; Yields Edge Lower as Investors Eye Big Tech Results Amid Volatility
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Big tech earnings from Microsoft, Alphabet, and others caused a late trading whipsaw in the Nasdaq 100 ETF (QQQ).
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Treasury yields edged lower as investors looked to big tech earnings for optimism amid a volatile market.
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Multiple big companies like Verizon, 3M, and General Electric beat earnings estimates.
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The Federal Reserve is nearing an inflection point in interest rate policy based on the Taylor Rule equation.
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U.S. business activity picked up in October after two months of stagnation, helped by rebounds in manufacturing and easing service inflation.