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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Oct 30, 2024
Page
9
The Conference Board reports the U.S. consumer confidence index rising to 108.7 in October from 99.2 in September, the largest monthly gain since March 2021. Current conditions rose 14.2 points to 138, with optimism about jobs and spending boosting sentiment ahead of November elections.
McDonald’s third quarter U S same store sales rose 0.3 percent as a $5 value meal drew back lower income customers. The Quarter Pounder was pulled for onions amid an E coli outbreak linked to the chain, killing one and sickening at least 75 across 13 states.
Tech shares led the Nasdaq to a record with the Dow slipping. Alphabet rose ahead of its after hours report while Microsoft and Meta supported the S&P 500. Ford Motor, JetBlue, and D R Horton declined on weaker profit or revenue. Mortgage yields rose amid strong economic data and cautious rate expectations.
U S job openings dropped to 7.4 million in September from 7.9 million, the lowest since January 2021, signaling softer but not collapsing labor demand. Layoffs rose while quits eased to 3.1 million, with gains in September defying forecasts but overall hiring cooling from 2021–23 peaks.
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