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Markets Show Mixed Signals as Tech Stocks Surge While Dow Faces Pressure | Daily Market Analysis
Key events:
Tech Sector Woes and Fed Rate Expectations Amid Treasury Yield Surge Shake Markets | Daily Market Analysis
Key events: Eurozone - Deposit Facility Rate (Oct) Eurozone - ECB Interest Rate Decision (Oct) USA - Core Durable Goods Orders (MoM) (Sep) USA - GDP (QoQ) (Q3) USA - Initial Jobless Claims Eurozone - ECB Press Conference USA - Pending Home Sales (MoM) (Sep) On Wednesday, US stock indices experienced a decline, primarily due to the increasing Treasury yields and the drag on the tech sector caused by Alphabet's disappointing quarterly results in its cloud business.