Equity markets continued to move higher as geopolitical concerns eased, with major indices extending gains from previous sessions. While the Dow moved toward a positive weekly performance, the broader market monitored updated economic indicators. Third-quarter GDP was revised upward to a 4.4% pace, supported by consumer spending which rose 3.5% during the period. The Atlanta Federal Reserve's GDPnow tracker currently indicates a 5.4% pace for the fourth quarter. In the derivatives space, Nasdaq-100 futures and options volume remained high, while implied volatility saw a significant decrease from earlier in the week. Additionally, digital asset markets showed more subdued activity, with Bitcoin and Ether trading within tight ranges.
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