Stock indices show mixed performance
US stock indices ended the day with mixed results: the S&P 500 rose by 0.40%, and the Nasdaq 100 added 0.46%.
Asian equities also posted gains, despite ongoing trade tensions between the US and China, while gold hit a new all-time high, drawing investor interest.
Investors are now awaiting fresh inflation data to gauge the likelihood of further rate cuts by the Federal Reserve.
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Banking sector boosts market optimism
Positive earnings reports from US banks and efforts by the US to ease trade tensions with China contributed to a rally in the S&P 500.
Profits among the six largest banks rose by 19%, although market volatility and uncertainty remain elevated.
Analysts note that the financial sector could serve as a growth engine in the fourth quarter, provided that lending activity stays stable.
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