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James Hardie Industries (JHX +15.77%) a leading building materials company, experienced a gain due to robust market demand for construction materials. Strong financial performance, increased infrastructure projects, and positive industry trends contributed to the company's success, driving a notable increase in its stock value.
Light & Wonder (LNW +11.21%) achieved notable gains attributed to impressive Q3 financials. The positive performance across key metrics, including revenue in SciPlay, Gaming, and iGaming, as well as AEBITDA figures, exceeded expectations.
The Trade Desk (TTD -16.66%) reported a loss. CEO Jeff Green acknowledged challenges, emphasizing the company's resilience amid market fluctuations. Despite facing headwinds, TTD maintained a consistent revenue.
Diageo (DGE.L -12.17%) experienced a significant setback with weakened sales in Latin America and the Caribbean, attributed to macroeconomic pressures. This resulted in a downturn in organic net sales for the company.
WHAT ELSE HAPPENED
Stocks surged on declining interest rates driven by positive economic data and a more balanced Fed outlook on upcoming rate decisions.
The latest employment report indicates a supportive environment for the Fed to pause its rate-hiking cycle, fostering optimism for ongoing growth.
The Fed's decision to keep rates steady, coupled with a more balanced tone, suggests a potential completion of the rate-hiking cycle, providing a favorable outlook for financial markets.
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