ASML Disappoints, Banks Shine & Rate Cuts Loom

Market Deep Dive

In today's market update, we unpack the major financial headlines from October 15, 2024. The tech sector took an unexpected hit after ASML, a leader in chip equipment manufacturing, reported disappointing earnings. While tech stumbled, banking giants like Goldman Sachs, Bank of America, and Citigroup reported strong earnings, highlighting the sector’s resilience. We also explore the rising costs affecting UnitedHealth and the latest economic indicators, including retail sales and unemployment claims. Finally, we dive into global developments such as the European Central Bank's expected rate cuts and China's sluggish trade performance. Tune in for a comprehensive breakdown of the day's market movements and what to expect moving forward.

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