Earnings, economic data, and election drive US market volatility

news.yahoo.com October 31, 2024, 11:01 PM UTC

Market volatility is currently influenced by three main factors: earnings, economic data, and the upcoming election, according to Michael Arone, chief investment strategist at State Street Global Advisors. He refers to these as the "triple E."

Earnings reports from major companies like Microsoft and Meta are a primary concern. The jobs report, set to be released soon, will also impact market reactions. The election is expected to add further short-term volatility.

Arone advises investors to maintain a disciplined approach to their portfolios, regardless of election outcomes. He emphasizes the importance of a diversified portfolio to manage risks effectively.

Article metrics
Significance3.7
Scale & Impact4.3
Positivity4.3
Credibility7.5
See today's significant news

With a significance score of 3.7, this news ranks in the top 23% of today's 18702 analyzed articles.

See which stories are shaping the world in today's news ranking.