Dow hits new high amid largely flat market | Real Time Headlines

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ECB cuts interest rates as expected
European Central Bank Thursday Cut key interest rates by 25 basis points to 3.25%, in line with market expectations. This is the third 25 basis point rate cut this year and the first rate cut in consecutive meetings since December 2011. The ECB’s Governing Council said the deflation process was “progressing well”.

Dow bucks trend and rises
U.S. markets were mixed on Thursday. this Dow Jones Industrial Average increased by 0.37% Closing price hits new high. but S&P 500 Index and Nasdaq Index Most are unchanged. European Stoke 600 The index closed the day up 0.83% as traders accepted the ECB’s rate cut Comments from Christine Lagarde, President of the European Central Bank The bank “has not pre-committed to a specific interest rate path.”

More positive economic data
U.S. retail sales growth 9 Menstrual season adjustment is 0.4%. That was up from August’s 0.1% gain and Dow Jones’ forecast of 0.3%, according to advance reports. In more positive economic news, initial jobless claims for the week ended October 12 fell by 19,000 from the previous week to 241,000. These reports reinforce the adage: Don’t bet on the American consumer.

Convenient earnings beat
Netflix The company on Thursday reported third-quarter profit and revenue that beat London Stock Exchange forecasts. company 5.1 million new subscribers That was 600,000 more than StreetAccount’s estimate for the quarter ended Sept. 30. at the same time, British Semiconductor reported its Net income increased 36% year-over-year in the third quarterrevised its fourth-quarter revenue upward.

(PRO) Small Caps Surge
For example, unlike larger companies, smaller companies don’t have the muscle to negotiate low-interest loans or the cash moats to withstand fluctuations in consumer habits. Therefore, when the Fed cuts interest rates, small stocks tend to benefit more. And they just A new high in three years.