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Stocks Down Pre-Bell After Record Highs as Earnings Season Wanes; Asia, Europe Fall

Bayer shares are sinking in German trading after the pharmaceuticals and crop science conglomerate reduced its full-year earnings target amid a tough agricultural market.

Danish police said Tuesday that they were closing the investigation into the devastating fire that destroyed more than half of Copenhagen’s Old Stock Exchange, saying nothing points at the blaze being the result of a criminal act. Despite extensive forensic investigations, review of surveillance and the questioning of a large number of witnesses, “it is not possible to determine the cause of the fire in the historic stock exchange building," said Brian Belling, the Copenhagen police officer in charge of the investigation. “Our assessment is that we have explored all relevant investigative possibilities in the case,” Belling told a press conference, adding that no one has been charged in the case.

Money is still flowing into Bitcoin. The same can't be said for Ethereum, which appears to be losing the trust of top institutional investors.

(Bloomberg) -- OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a slowdown in top consumer China.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationGlobal oil consumption will increase by 1.8 million barrels a

Home Depot saw better Q3 sales in part to due demand from Hurricanes Helene and Milton.

Crypto investors had been rooting for this election outcome.

Wall Street firms are expected to pay heftier bonuses for this year, the first increase since a bumper year in 2021, according to a report by compensation consultancy Johnson Associates. Payouts will probably rise after financiers benefited from several factors in recent months: a recovery in dealmaking, the Federal Reserve cutting interest rates and equity markets surging to record highs, said the consultancy's founder, Alan Johnson. While bonuses will be more generous, they will remain below the record levels from 2021, when revenue and compensation were "abnormally good," Johnson said.

Home Depot continued to deal with a pullback in spending from customers in its fiscal third quarter, but it was less severe than in the past, and its performance beat Wall Street's expectations. Sales at stores open at least a year, a key gauge of a retailer's health, slipped 1.3%.