As the U.S. election approaches, both the U.S. stock market and cryptocurrency market are generally in a state of directionlessness

According to monitoring, only the Dow Jones fell among the three major US stock indices on Thursday. Dragged down by IBM and Honeywell's financial reports, the Dow fell 0.33% for four consecutive days; The SP 500 index rose 0.21%, ending a three-day losing streak; Tesla surged nearly 22%, strongly supporting Nasdaq and leading gains in discretionary consumer sectors, with Nasdaq rising more than 0.8% during trading hours.

Most cryptocurrencies are up, with Bitcoin breaking through $68,000 as of press time, up 0.9%; Ethereum is at $2,513, down by 1.5%. In the foreign exchange market, the dollar index fell about 0.4% on Thursday to end a three-day rally and also moved away from its recent three-month high; Gold prices soared as U.S Treasury yields fell along with the dollar . Spot gold surged $20.52 or increased by approximately 0.76%, approaching its historical high again; Market concerns about Europe's economic slowdown being detrimental to oil demand coupled with reports that US and Israel will attempt to restart ceasefire negotiations in Gaza put pressure on oil prices which turned negative after surging over two percent.

Several economic data released in October support market bets for a regular Fed rate cut of twenty-five basis points in November.The current focus remains company earnings report so far over thirty-two percent of companies listed under SP500 have announced their third quarter results where seventy-six percent exceeded analyst expectations.Despite constant big news during earnings season,the upcoming US elections mean that overall US stocks still lack direction.