Global Stocks Decline as Chipmakers Struggle, Gold Reaches New High

Market uncertainty ahead of the U.S. election and mixed tech earnings contribute to a volatile trading day.

U.S. and global stock indices fell, with significant declines in the semiconductor sector following a disappointing forecast from Advanced Micro Devices.
Gold prices surged to a record high, driven by investor uncertainty ahead of the upcoming U.S. presidential election.
Alphabet's stock rose after surpassing revenue expectations, while Meta's shares dipped due to anticipated increases in AI infrastructure costs.
Eli Lilly's shares dropped sharply as the company reported lower-than-expected revenue from its key pharmaceutical products.
U.S. economic data showed stronger-than-expected private payroll growth, but the Federal Reserve's interest rate decisions remain a focal point for investors.