1. Global stock markets experienced mixed movements this week, with the Nasdaq reaching an all-time high amidst Big Tech earnings and the upcoming U.S. Presidential election. 2. Alphabet's Q3 2024 earnings exceeded expectations, with a 37% increase in earnings per share, driving the tech sector's performance. 3. The September jobs report was mixed, indicating a transition in the labor market amidst economic challenges.
Recent #Tech Sector news in the semiconductor industry
1. The S&P 500 rebounded and is within 2% of its all-time high. 2. The tech sector performed well, with strong performances from semiconductors and software vendors. 3. A broad market rally is expected, with a September rate cut anticipated, and the VIX index down, indicating decreased market fear.