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 » Read more about: Stock Market Live October 31: S&P 500 (SPY) Soaring on Amazon and Apple Earnings  »

NASDAQ 100 Technical Analysis

The Nasdaq 100 has found itself a little bit positive in pre-market trading as it looks like we are, in fact, trying to continue the upside. We had broken above the top of the channel and had a little bit of a wiggle during the Thursday session,

 » Read more about: NASDAQ Index, S&P 500 and Dow Jones Forecasts – US Indices Look Positive in Premarket Trading  »

Both of these companies are proven winners with continued long-term potential ahead.

 » Read more about: Prediction: These 2 Magnificent S&P 500 Growth Stocks Will Crush the Market Over the Next 5 Years  »

Fed Chair Jerome Powell acknowledged Wednesday that the soaring stock market is helping support consumer spending — and the overall economy — right now.

If the market goes down, Powell said, it could hurt consumer spending. But spending wouldn’t take a large hit unless the market plunged.

“I think it’s certainly a factor supporting consumption right now,”

 » Read more about: Fed's Powell: Stock market is helping support consumer spending now  »

 » Read more about: Interested in Stock Market Gains? Here's the Average Portfolio for People in Their 40s  »

 » Read more about: Could Recursion Pharmaceuticals Be the Next Big Artificial Intelligence (AI) Stock?  »

Foreign investors have turned bullish on the banking sector given the attractive valuation, robust growth prospects and easing policy measures of RBI, resulting a spate of deals in the sector.

In recent months, foreign investors have injected over ₹45,000 crore into three mid-cap private sector banks. Japan’s Sumitomo Mitsui invested ₹13,400 crore for 24 per cent stake in YES Bank,

 » Read more about: Banks attract foreign investments on low valuation, high growth prospects  »

Indore Commodities Buzz Of October 31: Price Of Gold, Silver And Pulses– All You Need To Know |

 » Read more about: Indore Commodities Buzz Of October 31: Price Of Gold, Silver And Pulses– All You Need To Know  »

The Indian gem and jewellery sector is bullish despite rising gold prices, thanks to changing consumer trends preferring investments in the yellow metal through bars and coins.

Saiyam P Mehra, immediate past Chairman of Gem and Jewellery Domestic Council, said the sale of gold coins and bars increased by about 20 per cent during Diwali compared to 10 per cent earlier.

 » Read more about: Indian gem and jewellery sector bullish on changing consumer trends  »

TLDR

• Tesla stock rose 1.2% in premarket trading Friday after dropping 4.6% Thursday, with October ending essentially flat for the month
• BYD has lost more than $20 billion in market value since May as Chinese regulators pressure automakers to stop aggressive price cuts
• October saw high volatility for Tesla with four trading days showing moves of more than 5%,

 » Read more about: Tesla (TSLA) Stock: Flat October But November Typically Delivers 12% Gains  »