October 25, 2024
Positive earnings reports ended the S&P 500’s losing streak
- The S&P 500, now at $5,809, ended a three-day losing streak thanks to positive earnings reports, despite a 0.54% decline over the week.
Oil prices rose by 1.59%, reaching $70.29, amid rising tensions in the Middle East, which have led to increased demand and concern among traders.
- The European Central Bank (ECB) remains divided on monetary policy, as inflation approaches the 2% target. Some favor interest rate cuts, while others support continuing efforts to control inflation.
