US equities closed out October on a positive note, with all major indices finishing in the green. The Dow Jones traded in a narrow range before closing near best levels, up 124 points (+0.38%). Up 141 points at best. Down 142 points at worst. The S&P 500 and the NASDAQ gained 0.65% and 0.48% respectively. US equities were down for the month of October, Dow down 1.7%, S&P 500 -2.8%, and the NASDAQ down 3.3%. The S&P 500 and NASDAQ in both in correction territory after falling more than 10% from their July peaks. US Treasurys steady before Fed rate decision tomorrow, 10Y yield up 3.4bps. Meanwhile, the USD halted a two-day decline, with the USD Index gaining 0.57% and the VIX fell sharply lower, down 8.2%. Among stocks, Nvidia slipped 0.9% after reports they may be forced to cancel $5bn worth of chip orders to China in compliance with new restrictions. Pinterest rose 19.09% on upbeat earnings, while Caterpillar fell 6.6% on an underwhelming sales outlook.

ASX to rise. SPI Futures up 35 points (+0.52%).

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