Stock Market Winners & Losers: Stocks Rise as Treasury Yields Drop | Why War in the Middle East Didn’t Shock Energy | $12.2B For Halloween Spending Splurge in US

Winner: Stocks rise as Treasury yields drop
- Stocks rose, boosted by a drop in Treasury yields as Wall Street assessed the geopolitical risks of a protracted conflict from the Israel-Hamas war.
- The 10-year Treasury yield was down 8 basis points at 4.694%.
- Oil prices also eased after rallying in the previous session.
- Best Buy Will Sell Its First Prescription Medical Device, Pushing Further Into Healthcare. The Dexcom G7, used for treating diabetes, contains a small device that is inserted under the skin to track glucose levels in real time. It delivers data to a receiver or a smartphone app.
- Starbucks releases PSL (Pumphin Spice Latte) varsity jackets, tattoos and Spotify playlist for the 20th anniversary. Seriously a letterman jacket? The cultural movement that started a love for the fall season
- Google Cloud Launches AI Search Engine for Medical Records. The aim is to spare doctors and nurses the tedious task of collating the data themselves to get a complete picture of a patient’s history.
- PepsiCo beats Wall Street estimates, raises earnings outlook. Oozempic not hurting sales yet! Pepsi reported income of $3.09 billion. Pepsi’s price hikes to mitigate inflation have weakened demand for its products.

Loser: Why War in the Middle East Didn’t Shock Energy
- Investors “should not expect a large oil price spike in the coming days,”
- Oil popped higher on Monday but is trading lower today.
- U.S. retail gasoline prices should continue on their recent downward trajectory. Average prices are at $3.70 per gallon, down 11 cents in the past week.
- The latest bloodshed is as shocking as past crises, and will likely lead to more violence.
- The extent of the impact on oil prices is probably going to be modest, however.
- Conflicts involving Israel and its immediate Arab neighbors have had no lasting impact on oil prices this century.
- Palestinians have few true allies in the region.
- Saudi Arabia is focused on internal economic development and maximizing its long-term interests.
- Egypt is not supportive of Hamas.
- Syria is decimated by civil war.
- Iran is unlikely to risk retaliation by Israel and the US for the sake of Palestinians.
- The U.S. is now the world’s dominant producer, and can supply essentially all domestic needs.

Winner: $12.2 billion Halloween spending splurge in US
- A new record
- Spidermen, Princesses, Ghosts, Superheros and witches are coming!
- Americans will spend a record $12.2 billion for Halloween candy, costumes and decorations,.
- The highest Halloween spending year clocked in at $9.1 billion in 2017, but took a dip during the pandemic.
- Consumer are expecting to spend $108.24 per person this year, up from $100.45 from 2022.
- 68% of people plan to hand out candy
- 53% planned to decorate their home and yard
- 50% planned to dress up in a costume.
- Costumes bring in $4.1 billion.
- Halloween decorations, to generate $3.9 billion
- Candy at $3.6 billion
- Popular costumes will include "Barbie" and "The Super Mario Bros. Movie." The Wednesday Addams character from the Netflix series "Wednesday

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