MARKET DAILY

Market 10/25: Market in flames ahead of escalating war risk

New home sales explode in September despite continuous mortgage rate increases

Market opens Wednesday trading session in extreme tension as multiple sources report Israel ready for ground campaign in Gaza along with a series of unoptimistic earnings reports. SPX retreats from early morning to near 4200 with VIX nearing 20 before market begins to recover.

However, shortly after, news of nuclear war threat from Russia ended the temporary relief rally and pushed VIX above 20, causing instability across the market.

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