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Market in Review Q3 2024: Rates Cut and Markets Run

Market Overview Q3 2024: Interest Rates and Market Gains The global stock market enjoyed steady growth in the third quarter, with the MSCI All Country World Index rising by 6.8%—its fourth quarter of positive gains. While markets experienced some ups and downs in August, international stocks outperformed U.S. stocks this quarter. Key players included China, India, and Japan, all of which saw higher returns than the U.S1. Interest Rates Drop Globally Central banks in the U.S., the European Union, and the UK lowered interest rates this quarter, providing support to both stock and bond markets. This move by central banks aimed to stimulate economic growth, and investors are keeping an eye on possible further cuts in the future. Record Levels and Mixed Results for Major Tech Companies As we move into the fourth quarter, several global market indexes are close to their all-time highs2. Among the top U.S. tech companies,…
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