Ulta Raises Outlook as Demand for Cosmetics Remains Robust

Roger Hallam, Vanguard's Global Head of Rates, expressed confidence in the bond market during a discussion with Bloomberg, emphasizing bonds' crucial role in portfolio diversification and risk management. He highlighted that despite market fluctuations, bonds remain a reliable investment choice for investors seeking stability.

Silver prices steadied after a profit-taking retreat from an all-time high earlier in the week, marking the end of an eight-day rally. Gold prices remained relatively unchanged during this period, indicating a pause in the precious metals market.

Oil prices have maintained a two-day gain as investors assess the ongoing ceasefire talks in Ukraine and the implications of a growing surplus in the market. This stability follows a period of volatility influenced by geopolitical tensions surrounding the conflict between Ukraine and Russia.

Stacy Spikes, CEO of MoviePass, discussed the launch of the company's new platform, Mogul, during an interview with Romaine Bostick on Bloomberg's 'The Close.' He described Mogul as an innovative engagement tool that allows fans to compete and interact in new ways.

Kristen Peck, CEO of Zoetis, reaffirmed the company's commitment to the livestock sector, reporting its third consecutive year of growth that outpaces the market. During an interview with Romaine Bostick on 'The Close,' she highlighted efforts to breed healthier animals and provide essential vaccines and preventatives to ensure their well-being.

China's crackdown on borrowing by local governments has led state-run entities in affluent provinces to seek expensive credit from shadow banks, raising concerns about the risks associated with this opaque segment of the financial system. This move follows President Xi Jinping's efforts to manage debt levels and stabilize the economy amid growing financial pressures.

U.S. stocks closed mostly flat as bond prices slipped ahead of the Federal Reserve's upcoming decision, reflecting a cautious market sentiment. Analysts from Bloomberg, including Romaine Bostick and Carol Massar, provided insights during the market close coverage, indicating a wait-and-see approach among investors.

DocuSign Inc. reported third-quarter results that exceeded estimates, largely due to its AI-powered IAM platform. However, the company's shares fell as its outlook for the current quarter did not meet analysts' expectations.