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Afternoon Note


By Karina Hernandez, Senior Research Analyst
10/30/2023 1:21 PM

Major indices started on a winning note, erasing some of the losses from last week that sent the S&P 500 into correction territory. Buying efforts have faded a bit with the major indices pulling back from the opening levels.

The Russell 2000 hit the lowest levels since November 2020 when the pandemic was still an ongoing problem.

On the economic front, the Fed Dallas business conditions continued to worsen in October, marking its 17th straight month of negative readings.

Respondents were mostly downbeat.

Nine sectors are in the green, led by Communication Services and Consumer Staples. Energy continues to struggle with oil down 3%, despite the war ongoing in the Middle East.



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