In April, Tesla’s stock dropped when news surfaced that it had scrapped plans for a $25,000 EV. Elon Musk quickly responded, calling the report “a lie”, and shares regained some ground. However, Musk now suggests that a low-cost EV is “pointless” without full autonomy.
Gold prices edged up, as U.S. election uncertainty loomed with markets pricing in chances of a contested result and political tensions, while investors also kept a close tab on the Federal Reserve policy meeting later this week.
The Gold-Dollar pair traded sideways in the last session. The ROC is giving a negative signal.
Support: 2714.6 | Resistance: 2763.2
U.S. stock indexes slipped in choppy trading, as investors braced for a pivotal week for global markets in which Americans will elect a new president and the Federal Reserve is likely to cut its benchmark policy rate.
Oil prices climbed nearly 3% on OPEC+’s decision to delay plans to increase output by a month, while the market braced for a critical week in which Americans will elect a new president. Brent futures were up 2,8%.
The Oil-Dollar pair gained 1.1% in the last session after rising as much as 1.7% during the session. The Williams indicator indicates an overbought market.
Support: 68.966 | Resistance: 73.286
Wall Street’s major indexes ended higher, rebounding from the previous day’s sell-off as Amazon’s strong earnings countered a significant drop in U.S. job growth in October. Amazon.com rose 6.2% after it reported earnings that revealed strong retail sales, boosting profit above Wall Street estimates.
Security incidents like exit scams, flash loan attacks and exploits pushed crypto losses to $129.6 million in October. Exploits accounted for the most losses, with $127 million lost. The biggest incident in October involves the Radiant Capital, a lending protocol that lost over $50 million last month.
