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LONDON DAILY ARCHIVE

Mixed day for global stocks as oil prices rally

Global stocks were mixed Friday following uneven earnings as worries over the Middle Eastern conflict lifted oil prices.

27 October 2023 · 23:55 UTC

The global stock market, which was mixed on Friday due to uneven earnings and concerns about the conflict in the Middle East causing oil prices to rise. The S&P 500 finished lower, while the Nasdaq rose, boosted by strong earnings from Amazon and Intel.

In addition, a key indicator of US inflation remained steady in September, potentially influencing the Federal Reserve's decision on interest rates in its upcoming meeting.

Asian markets rose on strong US tech earnings, but European markets closed lower as some companies failed to meet earnings expectations. Oil prices increased more than two percent following US strikes on Iranian-linked militias in Syria.