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S&P 500, Nasdaq slow, Dow captures closing record, gold strikes all-time high

storyp1> NEW YORK, Oct 17 (Reuters) The S&P 500 and the Nasdaq pared their gains to end essentially unchanged on Thursday, while the Dow notched a record closing high as investors parsed a range of blended quarterly profits and absorbed a series of robust financial reports.

Gold struck a record high as the safe-haven metal gained from looming U.S. election unpredictabilities.

Technology shares . SPLRCT, especially chips . SOX exceeded after Taiwan Semiconductor Production2330. TW, beat incomes estimates and anticipate a dive in fourth-quarter earnings, helping to reduce fears of softening demand in the sector.

By far the greatest factor to today's rally is TSMC's upward assistance, which the much-telegraphed semiconductor slowdown related to potential oversaturation of AI is not emerging, at least in their order books, said Michael Green, primary strategist at Simplify Property Management in Philadelphia.

So that leadership from the semiconductor area, when it hits the largest-cap business, is going to press the headline indices greater, Green stated. That, and the response to retail sales information, has added support to U.S. stocks, Green included.

The S&P 500 closed nominally lower and the Nasdaq ended the session somewhat greater, giving up earlier gains driven by a stronger-than-expected retail sales report, and out of work claims information that landed below financial experts' price quotes.

Growth shares . IGX surpassed worth . IVX, while regional banks . KRX led the pack in the wake of upbeat revenues from M&T Bank MTB.N, KeyCorp KEY.N and others.

The Dow Jones Industrial Average . DJI rose 161.35 points, or 0.37%, to 43,239.05; the S&P 500 . SPX fell 1.00 point, or 0.02%, to 5,841.47; and the Nasdaq Composite . IXIC increased 6.53 points, or 0.04%, to 18,373.61.

European shares rallied, closing within 1% of record high levels after the European Central Bank implemented a broadly expected 25-basis-point interest rate cut, while using little hints concerning its next relocation.

The move marked the ECB's third rate cut this year as the reserve bank has moved its focus from reining in inflation to shoring up the EU's sputtering economy.

MSCI's gauge of stocks across the globe . MIWD00000PUS increased 0.21 points, or 0.02%, to 852.43. The STOXX 600 . STOXX index increased 0.83%, while Europe's broad FTSEurofirst 300 index . FTEU3 increased 17.82 points, or 0.87%. Emerging market stocks . MSCIEF fell 8.88 points, or 0.78%, to 1,135.16.


< period class=tr-resource-ref tr-graphic-static id=g1d39b22a-da47-4c1e-bd8a-9069b5b17664/ > U.S. Treasury yields gained ground after information suggested the U.S. economy is on strong footing, however left the Fed with sufficient room to move forward on a slower course to lower rates.

The yield on benchmark U.S. 10-year notes US10YT=RR increased 8.2 basis points to 4.098%, from 4.016% late on Wednesday.

The 30-year bond US30YT=RR yield rose 9.8 basis indicate 4.3972% from 4.299% late on Wednesday.

The 2-year note US2YT=RR yield, which usually relocates action with interest rate expectations, rose 4.8 basis points to 3.983%, from 3.935% late on Wednesday.

The dollar touched an 11-week high after retail sales information beat expectations, boosting confidence in the health of the U.S. economy.

The dollar index =USD, which measures the greenback versus a basket of currencies including the yen and the euro, increased 0.24% to 103.79, with the euro EUR= down 0.3% at $1.0828.

Versus the Japanese yen JPY=, the dollar enhanced 0.41% to 150.23.

Crude oil prices edged higher as investors managed advancements in the Middle East dispute and falling U.S. inventories with durable financial information.

U.S. unrefined CLc1 increased 0.40% to $70.67 a barrel and Brent LCOc1 rose to $74.45 per barrel, up 0.31% on the day.

Gold costs hit a record high on firming expectations for additional rate cuts from the Fed and installing unpredictabilities surrounding the Nov. 5 U.S. governmental election.

Spot gold XAU= rose 0.7% to $2,691.97 an ounce.


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Asian stock exchange https://tmsnrt.rs/2zpUAr4

World stock indexes https://reut.rs/4f9mWXs(Reporting by Stephen Culp; Additional reporting by Tom

Westbrook in Singapore and Alun John in London; Modifying by Nick Zieminski and Jonathan Oatis )To check out Reuters Markets and Financing news, click on

https://www.reuters.com/finance/markets. For the state of play of Asian stock exchange please click on: 0 #. INDEXA 

(source: Reuters)