On Wednesday, the newly released financial reports of bank stocks and airline stocks performed brightly, boosting the three major U.S. stock indexes to rise across the board. The Dow Jones Industrial Average rose by 0.79%, setting a new historical closing high, the S&P 500 Index increased by 0.47%, and the Nasdaq Composite gained 0.28%.
Bank and airline stocks generally rose. Morgan Stanley's earnings and revenue for the third fiscal quarter both exceeded market expectations, with the company's stock price surging by more than 6%, setting a new historical high. United Airlines' third-quarter financial report showed that its revenue grew by 2.5% year-on-year, better than expected, and the company's stock price rose by more than 12% that day. American Airlines' stock price increased by more than 7%.
On the 16th, Amazon announced two nuclear power deals, boosting U.S. nuclear power concept stocks.
On the corporate front, Amazon announced on Wednesday that it has signed agreements with Dominion Resources in Virginia and Northwest Energy in Washington State to explore the development of small modular reactor (SMR) business.
Boosted by this news, U.S. nuclear power concept stocks generally rose, with Oklo, a nuclear power stock invested in by OpenAI founder Sam Altman, once surging by nearly 44%. This year, Amazon, Microsoft, and Google have all announced plans to purchase nuclear power to support the operation of their data centers with energy.
UK inflation rate in September drops to 1.7%, below the central bank's target for the first time in over three years.
Data released by the UK Office for National Statistics on Wednesday showed that the UK's inflation rate in September plummeted to 1.7%, the first time below the Bank of England's 2% target since April 2021.
On the 16th, the three major European stock indexes fluctuated.
This news boosted confidence in the UK market, with the FTSE 100 Index rising by 0.97% that day. The CAC 40 Index in France fell by 0.40% that day, and the DAX Index in Germany dropped by 0.27%.
On the 16th, international oil prices fell slightly.In the crude oil futures market, influenced by expectations of a supply surplus, international oil prices continued their downward trend from the previous trading day on Wednesday. The price of light crude oil futures for delivery in November at the New York Mercantile Exchange closed at $70.39 per barrel, a decrease of 0.27%; the price of Brent crude oil futures for delivery in December closed at $74.22 per barrel, a decrease of 0.04%.
On the 16th, international gold prices rose.
Additionally, due to the decline in U.S. Treasury bond yields, as well as the Middle East situation increasing investors' risk aversion, international gold prices rose on Wednesday. The December gold futures price at the New York Exchange increased by 0.46%, reporting $2,691.30 per ounce.
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