Market Performance - US stocks reached new record highs, with the Dow Jones Industrial Average increasing by 0.6% (nearly 300 points) to close at a record high [1] - The S&P 500 rose by 0.3%, marking its second consecutive record close, while the Nasdaq Composite gained just under 0.2% [1][2] Economic Indicators - US GDP growth for the third quarter was reported at 4.3%, significantly higher than forecasts, driven by strong consumer spending [3] - Unemployment claims decreased for the second consecutive week, indicating a nominally improving economy, despite declining consumer confidence [5] Federal Reserve Outlook - The GDP data has led to a reduction in expectations for a January rate cut by the Federal Reserve, with only slightly more than 13% of traders anticipating this outcome [4] - Most traders still expect two rate cuts by the end of next year, reflecting ongoing divisions within the central bank [4] Commodity Market - Precious metals saw significant gains, with gold reaching an all-time high above $4,500 per ounce before reducing some gains, while silver also advanced to a record [6] - Platinum, however, experienced a decline of more than 3% [6] - Oil prices stabilized after a recent increase [6] Company News - Intel managed to limit its losses to around 0.5% after reports indicated that Nvidia halted a test using Intel's fabrication process for advanced chips [6]

Market Overview - U.S. stock futures experienced volatility following declines on Wednesday, with major benchmark indices showing lower futures [1] - Disappointing earnings guidance and escalating U.S.-China trade tensions have negatively impacted investor confidence [1] - The Trump administration is contemplating new export restrictions to China, targeting products made with U.S.-developed software [1] Treasury Yields and Federal Reserve Outlook - The 10-year Treasury bond yielded 3.98%, while the two-year bond was at 3.46% [2] - Market projections indicate a 96.7% likelihood of the Federal Reserve cutting interest rates in its October meeting [2] Stock Performance Highlights - Tesla Inc. (NASDAQ:TSLA) fell 3.04% in premarket trading despite reporting better-than-expected revenue for Q3, with earnings missing estimates [6] - International Business Machines Corp. (NYSE:IBM) dropped 7.14% despite better-than-expected financial results, but raised its full-year 2025 revenue growth guidance to "more than" 5% [6] - American Airlines Group Inc. (NASDAQ:AAL) rose 1.41% as analysts anticipate a quarterly loss of 28 cents per share on revenue of $13.63 billion [6] - Medpace Holdings Inc. (NASDAQ:MEDP) surged 18.52% after reporting Q3 revenue of $659.9 million and earnings of $3.86 per share, both exceeding analyst estimates [12] Economic Data and Analyst Insights - Initial jobless claims data will be delayed due to an impending shutdown, with existing home sales for September expected to be released at 10:00 a.m. ET [13] - Mike Wilson, Morgan Stanley's CIO, argues that the Federal Reserve is "behind the curve" and should implement significant rate cuts to align with market conditions [9][10] Commodities and Global Markets - Crude oil futures increased by 5.220% to approximately $61.54 per barrel [14] - Gold Spot prices rose 0.38% to around $4,114.22 per ounce, while Bitcoin traded 1.16% higher at $109,323.15 per coin [14]

Core Viewpoint - Gaining exposure to emerging markets is considered a viable strategy in the current market environment due to global de-dollarization and the potential for further interest rate cuts by the Federal Reserve [1] Group 1 - The current market environment is characterized by global de-dollarization, which is influencing investment strategies [1] - The prospect of further rate cuts by the Federal Reserve is creating favorable conditions for investing in emerging markets [1]