Mag 7 earnings, election volatility, bitcoin: Market Takeaways
As US stocks (^DJI, ^IXIC, ^GSPC) are looking ahead to next week's lineup — the 2024 presidential election and the Federal Reserve's November FOMC meeting — let's look back on some of the day's biggest market trends. Yahoo Finance markets and data editor Jared Blikre comes on Asking for a Trend to recap the five-day moving average on the megacap tech stocks that reported earnings this week — including the Magnificent Seven's Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), and Microsoft (MSFT). He also monitors pre-election volatility's (^VIX) influence on Treasury yields (^TYX, ^TNX, ^FVX), and bitcoin's (BTC-USD) year-to-date pullback as it rallies ahead of the election and flirts with staying above its $70,000 benchmark. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.
