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Wall Street indexes climb ahead of earnings week, central bank decisions

EditorVenkatesh Jartarkar
Published 30/10/2023, 15:40
© Reuters.
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Wall Street indexes experienced a rise on Monday, in anticipation of a bustling week filled with earnings reports and interest rate decisions from prominent central banks, including the Federal Reserve. Despite concerns over conflict in the Middle East, investors remained steady. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite saw increases of 0.37%, 0.53%, and 0.85% respectively.

In the midst of tech stock weaknesses, US cybersecurity firm Palo Alto Networks (NASDAQ:PANW) made a notable performance. The company's stocks rallied significantly leading to its inclusion in the S&P 500 Index back in June.

Beyond Wall Street, other global financial developments have been unfolding. Rohit Jawa, managing director of Hindustan Unilever (LON:ULVR), praised India's government for its progressive policies. He suggested that these measures could potentially draw substantial overseas funds.

In other investment news, Petroliam Nasional Bhd, Singapore's GIC, and founders of Greenko Energy Holdings announced their plans to invest $2 billion in AM Green. This platform focuses on the production of green molecules like green hydrogen and green ammonia.

These global market updates and financial news are rapidly disseminated through platforms such as ETMarkets.com and various Telegram feeds. Other sources like The Economic Times News App and Sensex Today Live provide daily market updates and live business news.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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