Over in the U.S. the Dow Jones closed higher in today’s session as gains in Boeing and Caterpillar carried the progress in tech after META reported weaker than expected quarterly results.

The Dow Jones was up 0.61%, Nasdaq was down 1.6% and the S&P 500 was down 0.55%. 

Meta fell almost 25% after reporting its earnings for Q3. The results reflect the risky operations from Zuckerberg on metaverse.

Apple beat expectations as the tech giant reported an EPS of $1.29 on revenue of $90.1 billion.  

Boeing stock rose 4.5% as it recovered some losses from the prior day, which were a result of reporting bigger than expected losses.  

McDonald’s, major player in the Dow unit, was up approximately 3% as it reported better than expected quarterly results due to the benefits or rising customer traffic.  

Shares of Amazon dropped more than 20% in post-market trading after the company disclosed a weak sales forecast.  

In the forex world, the euro dropped more than 1% on Thursday, retreating back below parity vs the dollar, after the ECB increased interest rates. The ECB increased the rate by 75 basis points to 1.5%, the highest since 2009, further rate hikes could now be almost guaranteed. However, the economy is weakening so the pace could be up for a discussion,  

Sterling was down 0.58% against the dollar to $1.1559 after a two-day rally following the appointment of new prime minister Rishi Sunak.  

The Japanese yen rose 0.14% to 146.19 vs the dollar.  

The dollar strengthened after the release of U.S gross domestic product data which showed a rise of 2.6% in the last quarter. This broke the streak of the two quarterly decreases prior which raised concerns that the economy was in a recession. Market analysts had a forecast for GDP growth of 2,4%.  

(Sources: investing,com, reuters.com, cnbc.com)