On October 29, 2024, the Nasdaq hit a record high, lifted by Alphabet’s strong earnings that fueled optimism for mega-cap tech stocks. While the S&P 500 also rose, the Dow Jones fell, weighed down by weaker results in non-tech sectors. Rising Treasury yields and a busy earnings season are keeping investor sentiment cautious.
Tag: Corporate earnings season
Daily Market Snapshot: October 22, 2024
On October 22, 2024, U.S. stocks ended mostly flat, with the Dow Jones and S&P 500 slightly lower, while the Nasdaq Composite posted a modest gain. Rising Treasury yields and mixed corporate earnings reports weighed on investor sentiment, with defensive sectors like consumer staples leading gains, while homebuilding stocks struggled amid rate concerns.
Daily Market Snapshot: October 21, 2024
On October 21, 2024, U.S. stocks pulled back from record highs as rising Treasury yields pressured the market. The Dow Jones Industrial Average and S&P 500 fell, while the Nasdaq Composite rose slightly, driven by Nvidia’s strong performance. Investors are cautious ahead of a busy earnings week, with key companies like Tesla, Coca-Cola, and Texas Instruments set to report.