United States Market and Economic News -Update 24/10/2014

Oct. 24, 2014 - PRLog -- Stockport Associates is a world-wide private equity firm with the resources and expertise to source, evaluate, and manage private investments globally in both developed and developing markets and across many industrial and commercial sectors.

United States Market and Economic News -Update 24/10/2014

After what was seen as a bumper day in the US. Index futures are set to open substantially lower after news that New York has its first confirmed case of a Ebola. I volunteer doctor who has been in West Africa and returned and has been diagnosed with the disease and is the first person to have the affliction in the US's financial capital.

Futures are expected to open up almost 1% lower as investors look to safe havens such as US Bonds and the Yen. The news broke after a day which saw strong economic data and solid earnings reports in the US and a rare spate of optimism from within Europe.

Earning reports from the larger corporations who have exposure to global markets were the talk of the day. Caterpillar in particular showed that even with a slowing global economy, US companies were still profitable in these difficult times. The earnings reports helped the major indexes to strong gains, most notably the Nasdaq who closed up over 1.5%.

What should have been a strong close to the weak now faces a possible wrought as investors worries about the Ebola outbreak start to come closer to home. The disease has taken over 4,900 lives and estimates range from 10,000 - 15,000 lives lost within the next 6 months if the global effort is not ramped up. Several pharmaceutical companies are on the verge of releasing medication to fight the outbreak however many fear that their response has not been fast enough.

Expect more volatility to close out the week as investors look to lock out the gains made after Wednesday.

As we have seen many Octobers before, it doesn't matter what the reason is, the month is always an interesting on where the markets are involved.

Key US Market Data as of 23/10/2014:

S&P 500 1,950.82 (+1.23%)

Dow Jones 16,677.90 (+1.32%)

NASDAQ 4,452.79 (+1.60%)

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