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Wall Street Ends October on a High as Amazon, Tech Giants Drive Market Rally

US stocks closed October with strong gains, capping off a winning month fueled by robust corporate earnings and optimism over easing interest rates. The Dow Jones Industrial Average rose 0.1% , the S&P 500 gained 0.3% , and the Nasdaq Composite advanced 0.6% , marking another month of steady growth across Wall Street’s major indexes. The standout performer was Amazon , whose shares surged nearly 10% to an all-time high after reporting third-quarter results that exceeded expectations. The company’s cloud division, Amazon Web Services, showed renewed momentum, easing investor concerns about slowing growth in the tech sector. This rally helped lift the broader technology space, with the Nasdaq notching its seventh consecutive monthly gain. Other members of the so-called “Magnificent Seven” also contributed to the upbeat sentiment, as investors embraced signs that Big Tech’s heavy investments in artificial intelligence and infrastructure are beginning to pay off. The S&P 500 an...
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Canada’s Home Prices Expected to Rise in 2024

 

According to a recent survey by Royal LePage, the national aggregate home prices in Canada increased by 4.3% in the fourth quarter of 2023, with prices expected to continue to rise in 2024. The aggregative price of a home in Canada increased 4.3% year over year to $789,500.

This is good news for homeowners, but it also means that prospective homebuyers will have to pay more for their dream homes. The Canadian real estate market has been on an upward trend for several years, and this trend is expected to continue in 2024.

The Royal LePage House Price survey released on Monday projects that the aggregate price of a home in Canada will increase by 5.5% in the fourth quarter of 2024, compared to the same quarter in 2023.

The Canadian real estate market is expected to remain strong in 2024, with higher prices and increased demand for homes. This is great news for homeowners who are looking to sell their homes, but it also means that prospective homebuyers will have to be prepared to pay more for their dream homes.


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