NEW YORK, Oct 24 - Global shares were flat in choppy trading on Thursday, while U.S. Treasury yields and strong corporate results allayed worries over upcoming U.S. elections and rate cuts.
The Dow Jones Industrial Average , fell 0.48% to 42,310.36, the S&P 500 , rose 0.11% to 5,803.54 and the Nasdaq Composite , rose 0.55% to 18,377.64. "Perhaps the Fed isn't going to be lowering rates quite as extensively and quickly as hope. However, the real bottom line is the economy doing OK and earnings season is coming on with reasonable gains," Farr added.Traders are pricing in a near-92% chance of a 25-basis-point cut at the Federal Reserve's November meeting, according to the CME Group's FedWatch Tool. Benchmark 10-year note yields were last down 4.4 basis points at 4.045% after reaching 4.
The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, fell 0.25% to 104.18.
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