
SOTS 2nd Hour: Alphabet’s Big Beat, Super Micro Tanks, Exclusive: Ray Dalio 10/30/24
Squawk on the Street
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Market Dynamics and Earnings Insights
This chapter explores recent trends in pending home sales and their correlation with mortgage rates and inventory, notably impacting the West region of the U.S. It also covers the healthcare sector's challenges faced by Eli Lilly and the implications of stock performance for Caterpillar, amidst rising concerns in the industrial market. Additionally, the segment highlights Alphabet's strong earnings driven by growth in cloud services, and discusses the role of generative AI in enhancing traditional search methodologies and coding efficiency.
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