Market Report Oct 11 2023

On Tuesday, the equities market experienced an uptick, supported by declining market rates, softer oil prices, and a subdued Dollar. The main indices saw more trading volume surpassing the prior day’s volume.

The S&P 500 registered a growth of 0.5%. 10 out of the 11 S&P 500 sectors recorded gains, except for the energy sector, which remained largely neutral.

The Dow Jones Industrial Average marked an increase of 0.4%, momentarily surpassing its 200MA, although it receded slightly by the day's end. Meanwhile, the Nasdaq Composite rose 0.6%, showcasing the biggest gains after tagging but failing to close above the 50MA.

Javid Shaik

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