Wall Street: Indices Gain for the Third Day
The Dow Jones rose by 664 points, and tech stocks recover.
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The Dow Jones rose by 664 points, and tech stocks recover.
Asian markets recorded strong gains for the third consecutive day, driven by expectations of a potential interest rate cut in the U.S. Significant gains were noted in India.
Nasdaq jumps 2.7% on Fed rate cut hopes amid labor market concerns; 85% chance of cut in December, boosting tech stocks.
The Saudi stock market fell by 0.6% to 10,780 points despite strong gains in select stocks such as AMAK and BONYAN REIT.
UAE markets rose, led by tech and banking sectors, with Abu Dhabi index up 0.194%. Strong trading activity reflects investor confidence.
US stocks rebounded on rate cut hopes, but all major indices posted weekly losses amid AI bubble fears and low consumer confidence.
Major currencies rose modestly vs USD as central banks signaled stability; Asian and S. American reserves supported emerging markets.
Gulf markets show strong resilience in 2025, with Kuwait Bourse profits up 60%, Mashreq Bank growth, and Qatar's steady performance.
Aramco and Tadawul posted strong Q3 2025 results, with rising revenues, profits, and share prices, boosted by oil and trading volume growth.
BJ's and Intuit beat earnings forecasts with strong sales and profits, while Bath & Body Works lowered its outlook after profit declines.
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