The Dividend Cafe Tuesday - October 8, 2024

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2d ago 4:28

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Market Updates and Economic Concerns on October 8th

In this episode of Dividend Cafe, Brian Szytel provides an overview of the financial markets on October 8th. The Dow closed up by about 126 points, and the S&P and NASDAQ showed positive returns as well. Interest rates showed a slight downward movement, and a bond auction did not meet expectations. The NFIB Small Business Optimism Index rose marginally, but remains lower than the historical average. Concerns loom over the upcoming election and its effects on taxes and inflation. Market concerns also focus on Hurricane Milton, which has been downgraded to a category four storm but still poses a significant threat to central Florida. The U.S. trade deficit was slightly lower than expected, due to increased oil exports. The host extends thoughts and prayers to those affected in Florida and invites listener questions.

00:00 Introduction and Market Overview

00:08 Economic Calendar and Market Performance

00:44 Small Business Optimism and Economic Concerns

01:23 Hurricane Milton Update

02:01 Trade Data Insights

Links mentioned in this episode: DividendCafe.com

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