On October 25, 2024, the Nasdaq Composite closed higher as Tesla led gains in tech stocks. The Dow Jones fell, weighed down by declines in bank stocks, while the S&P 500 ended nearly flat. Rising Treasury yields and upcoming earnings reports kept investors cautious, as anticipation grows for major tech earnings and key economic data.
Tag: Technology sector
Daily Market Snapshot: October 24, 2024
Overview On Thursday, U.S. stocks saw gains, with the Nasdaq and S&P 500 closing higher, driven by a surge in Tesla shares and a slight […]
Daily Market Snapshot: October 23, 2024
On October 23, 2024, U.S. stocks closed lower, with the Dow Jones and S&P 500 both dropping nearly 1%. Rising Treasury yields and uncertainty over Federal Reserve rate cuts weighed on the market, while major tech stocks, including Nvidia and Apple, led the decline. Defensive sectors like utilities and real estate managed to post gains as investors sought safer assets.
Daily Market Snapshot: October 18, 2024
On October 18, 2024, U.S. stocks posted their sixth consecutive week of gains, with tech stocks leading the charge. Netflix reported strong subscriber growth, boosting the Nasdaq Composite, while gold reached a new record high at over $2,700 per ounce. Oil prices fell sharply, reflecting concerns about Chinese demand. Investors are focused on earnings reports and retail sales data as key indicators of market strength
Daily Market Snapshot: October 14, 2024
The U.S. stock market soared on October 14, 2024, with the S&P 500 and Dow Jones reaching new record highs, fueled by strong technology sector performance and optimism ahead of key earnings reports and economic data. Despite light trading, Nvidia’s gains in the semiconductor space added momentum, while Federal Reserve officials maintained a cautious tone on future interest rate policy.