U.S. weekly initial jobless claims rise to 236,000

The S&P 500 index achieved its first record high close since October, reflecting a significant recovery in investor confidence. This milestone was reached despite recent fluctuations in the market, including a slight decline prior to this peak as investors awaited the Federal Reserve's interest rate decision.

Oil futures settled lower as market concerns about oversupply outweighed geopolitical tensions, including the recent U.S. seizure of a sanctioned oil tanker off the coast of Venezuela. This decline follows a previous session where oil prices had seen gains, highlighting the volatility in the market.

The U.S. government has announced plans to take oil from a vessel seized off the coast of Venezuela, with the ship expected to head to a U.S. port as investigators interview the crew members. This action reflects the ongoing tensions between the U.S. and Venezuela, particularly amid heightened military presence in the region.

The U.S. trade deficit narrowed to its lowest level in five years in September, primarily due to a reversal in gold imports as investors moved their stockpiled gold back overseas after initial fears of tariffs did not materialize. This shift reflects a significant change in trade dynamics, particularly in the precious metals market.

The U.S. trade deficit fell to its lowest level in five years in September, attributed to the sweeping global tariffs imposed by President Trump. This reduction in the trade deficit indicates a significant shift in trade dynamics, although the sustainability of this trend remains uncertain.

US wholesale inventories experienced a significant rebound in September, indicating a recovery in stock levels after previous declines. This uptick suggests improved supply chain conditions and may reflect increased consumer demand as businesses prepare for the upcoming holiday season.

Natural gas storage levels have experienced a greater-than-expected decline, indicating a potential bullish trend for prices in the market. This development suggests a tightening supply, which could influence future pricing dynamics positively.

Wholesale inventories have surged, surpassing forecasts and previous figures, indicating a robust increase in stock levels that reflects positive market conditions. This growth suggests that businesses are preparing for increased demand, which is a promising sign for the economy.