Stock Market Stumbles: Election Uncertainty, Tech Earnings Weigh on Investor Sentiment

The U.S. stock market faced a setback at the end of October, ending a five-month winning streak. Election uncertainties and mixed tech earnings dampened risk sentiment. This comes amid a surprising slowdown in job growth and expectations for Federal Reserve rate cuts. Betting odds for the 2024 presidential election show a tight race, while gold sees record highs due to investor demand. Ford halts F-150 Lightning production in response to Tesla’s Cybertruck sales surge.

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