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Tech Gains as Netflix and TSMC Shine: US Markets End Flat Amid Mixed Signals
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In today's Market Deep Dive episode, we analyze the key factors shaping the U.S. stock market on October 17, 2024. A surge in retail sales sparked optimism, signaling strong consumer spending, but weak industrial production and rising Treasury yields soon countered the initial rally, leading to a flat close for major indexes. We discuss the strong earnings reports from Taiwan Semiconductor Manufacturing and Netflix, which boosted the tech sector, and how geopolitical concerns in the Middle East added volatility. We also touch on the Federal Reserve’s possible rate cut in November and what to expect from the upcoming housing starts and building permits data. Tune in for a comprehensive breakdown of the day’s market trends and their broader economic implications.
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