Global stocks hesitated in October as concerns mounted regarding the escalation of the crisis in the Middle East. Earnings and economic headwinds also remain a focus as more companies report slowing earnings growth and conservative growth expectations. Major domestic equity indices were able to minimize devaluations during the month of October, ending the month minimally lower than the end of September. International developed and emerging market indices saw more of a pullback in October than U.S. indices, primarily due to a stronger dollar following the start of the Middle East conflict.

Sources: S&P, Dow Jones, Bloomberg

Print Version: Equity Review Nov 2023

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