{
}
U.S. stocks fell as rising Treasury yields weighed on the market, with the S&P 500 down 0.92% and the Dow losing 0.96%. Tesla's shares surged 12% after beating earnings forecasts, while IBM's revenue missed expectations, leading to a 3% drop in its stock. Norges Bank's deputy CEO advised caution in the current geopolitical climate, suggesting more downside risks in equity markets.
Norway's $1.8 trillion sovereign wealth fund, managed by Norges Bank Investment Management, has issued a cautionary warning about stock market risks, citing heightened uncertainty in the economic outlook. Deputy CEO Trond Grande emphasized the need for realism amid concerns over the U.S. political climate, China's economic recovery, and stagnant growth in Europe. Despite a strong performance, with a third-quarter return of 4.4%, the fund acknowledges that risks are skewed to the downside in equity markets.
Norway's sovereign wealth fund reported a third-quarter profit of 835 billion kroner ($76.3 billion), driven by a stock market surge due to falling interest rates. The fund's value reached 18.870 trillion kroner, with a 4.4% overall return, slightly below its benchmark. Despite positive returns across investment areas, heightened global risks were noted amid a shifting geopolitical landscape.
Trond Grande
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
rising treasury yields weigh on us stocks as earnings mixed
United States Dollar
Tesla, Inc.
IBM 401(k) Plan Trust
USA
Jeff Cox
Lisa Kailai Han
Pia Singh
Trond Grande
Brian Evans
Show more
03:21 24.10.2024
norway wealth fund warns of stock market risks amid economic uncertainty
United States Dollar
Norwegian Krone
Chinese Yuan
Euro
Cantor Fitzgerald Government Money Market Fund
Apple Inc.
USA
NOR
CHN
Trond Grande
Silvia Amaro
Eric Johnston
Show more
12:28 23.10.2024
norway's sovereign wealth fund reports 76 billion quarterly profit amid rate cuts
British Pound Sterling
Japanese Yen
United States Dollar
Norwegian Krone
Euro
Bank of England
Apple Inc.
Norges Bank
European Central Bank
Bank of Japan
NOR
Donald Trump
Trond Grande
Show more
12:06 22.10.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
Government Economic Policies
Workplace Trends
Stock Market Updates
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
CEO Changes
Fintech Startups
Venture Capital Investments
Financial Scams and Security
Emerging Startups
Cryptocurrency Trends
Cryptocurrency & Blockchain Regulations
Funding Rounds & Investments
Energy Sector Developments
Countries:
Companies:
Apple Inc.
Google Inc.
Alphabet Inc.
NVIDIA Corporation
Tesla, Inc.
Microsoft Corporation
Amazon.com, Inc.
Delhivery Limited
Ecom Express Ltd.
Foxconn Technology Co., Ltd.
Samsung SDI Co., Ltd.
SWIGGY LIMITED
UWS JP Morgan EM A OSB
Netflix, Inc.
Airbnb, Inc.
Adobe Inc.
GEELY AUTO
TENCENT
CarTrade Tech Limited
Ciscom Corp.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
South Korean Won
Vietnamese Đồng
Indonesian Rupiah
Algerian Dinar
Australian Dollar
Egyptian Pound
Saudi Riyal
Swiss Franc
British Pound Sterling
Russian Ruble
Pakistani Rupee
People: