U.S. markets rebounded strongly, showcasing resilience amidst ongoing uncertainties, driven by small-cap outperformance and investor confidence in diversified growth sectors.
NVIDIA’s earnings attracted attention, but cautious guidance and positive commentary on AI and clean energy buoyed the utilities sector despite regulatory pressures impacting tech.
Labor market data showed unexpected drop in jobless claims to 213,000, indicating strength in the labor market, despite continuing claims hitting a three-year high.
Housing data reflected market optimism with a year-over-year rise in existing home sales for October, signifying recovery amid economic challenges.
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