Stocks drop with Meta, Microsoft; dollar eases after U.S. data

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 38 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 120%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

NEW YORK LONDON Oct 31 - World stock indexes dropped on Thursday, with the Nasdaq down more than 2% after Facebook owner Meta Platforms , opens new tab and Microsoft , opens new tab both warned of rising costs for artificial intelligence, while the dollar weakened slightly after U.S. data did little to suggest a change to Federal Reserve policy.

All eyes will be on results from Amazon.com , opens new tab and Apple , opens new tab, when they report after the closing bell. The dollar also came under pressure against the yen after the Bank of Japan took a less dovish tone than expected, while the euro was stronger after data showed the bloc's inflation accelerated more than expected in October, bolstering the case for caution in European Central Bank interest rate cuts.The dollar index , which measures the greenback against a basket of currencies, was last flat at 104.13, with the euro up 0.1% at $1.0866. Against the Japanese yen , the dollar weakened 0.

Opinion polls still are putting Republican Donald Trump and Democratic Vice President Kamala Harris neck and neck.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premarket: Global stocks fall as Big Tech overshadows upbeat economyU.S. futures slide as Meta, Microsoft dip after earnings
Source: globebusiness - 🏆 31. / 66 Read more »