Global Markets See Mixed Reactions as Alphabet's Strong Performance Boosts S&P 500

Global stock markets showed mixed movements with Alphabet's strong performance boosting the S&P 500, while British stocks dropped after tax increase announcements. Key tech earnings, currency fluctuations, and expectations of US economic reports influenced trading. Meanwhile, gold reached record highs amid US election uncertainties and oil prices rose.

Global stock indexes edged mostly higher on Wednesday, bolstered by Alphabet's upbeat earnings, which provided the S&P 500 with significant lift.

In contrast, British stocks experienced a downturn following UK Finance Minister Rachel Reeves' announcement of a tax increase. Alphabet's strong revenue report highlighted positive tech earnings sentiment.

Gold soared to new heights as election uncertainty fueled demand, while investors closely monitored upcoming major tech earnings. Additionally, U.S. and UK economic data played a crucial role in market dynamics, with oil prices also witnessing an upward trend.

(With inputs from agencies.)