Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Stock market today: Wall Street pauses record streak as investors eye earnings
    Stock Market

    Stock market today: Wall Street pauses record streak as investors eye earnings

    October 21, 20243 Mins Read


    U.S. stocks closed mixed on Monday, as Wall Street’s extended rally took a breather ahead of a pivotal week for earnings reports. The S&P 500 slipped by 0.18%, while the Dow Jones Industrial Average fell over 300 points. The tech-heavy Nasdaq Composite managed a 0.27% gain, supported by Nvidia’s record-breaking performance.

    • S&P 500: 5,853.98 ⬇️ down 0.18%
    • Nasdaq Composite: 18,540.01 ⬆️ up 0.27%
    • Dow Jones Industrial Average: 42,931.60 ⬇️ down 0.80% 
    • STOXX Europe 600: 521.52 ⬇️ down 0.66%
    • FTSE 100: 8,318.24 ⬇️ down 0.48%
    • CSI 300: 3,935.20 ⬆️ up 0.25%
    • SSE Composite: 3,268.11 ⬆️ up 0.20%
    • Nikkei 225: 38,954.60 ⬇️ down 0.07%
    • Bitcoin: $67,636.35 ⬇️ down 1.93%

    U.S.: Market rally pauses amid rising yields and earnings anticipation
    U.S. markets saw a mixed close on Monday, with the S&P 500 down 0.18%, coming off a fresh record high last week. The Dow Jones Industrial Average dropped 0.8%, shedding over 300 points. The Nasdaq Composite, however, rose 0.2%, fueled by Nvidia’s 4% surge to an all-time high. The 10-year Treasury yield climbed to 4.18%, the highest level since July, putting pressure on rate-sensitive stocks, particularly in real estate and utilities. Investors are closely watching this week’s corporate earnings reports, with major names like Tesla and Boeing set to release their results mid-week.

    Europe: Markets slip slightly on U.S. sentiment
    European markets closed lower on Monday, mirroring cautious sentiment from the U.S. The Stoxx Europe 600 fell 0.66%, while the FTSE 100 dropped 0.48%. Investor uncertainty surrounding U.S. earnings reports, along with rising Treasury yields, contributed to the broader European decline as markets continued to react to Wall Street’s performance. Shares in JDE Peet’s surged over 15% after the beverage company announced that Kraft Heinz executive Rafael Oliveira would be its next CEO and German conglomerate JAB said it would acquire Mondelez’s share of the coffee, tea, and hot chocolate brand in a $2.4 billion deal. But it wasn’t enough to keep markets in the green.

    China: Modest gains in real estate following rate cut
    China’s mainland markets posted slight gains as a central bank lending rate cut gave a boost to real estate stocks. The CSI 300 index added 0.25%, helped by a 1% gain in property shares. However, the broader market response was tepid as investors continued to wait for more concrete details on potential government stimulus.

    Japan: Nikkei Declines as Financials Drag on Market
    The Nikkei 225 index in Japan edged lower by 0.07%, with tech stocks like Keyence and Advantest posting gains of 1.66% and 2.67%, respectively, but unable to lift the broader market. Losses in the financial and industrial sectors offset the strength in tech as investors prepared for the October 27 elections, which could impact the ruling Liberal Democratic Party’s hold on power, adding a layer of uncertainty to the economic outlook.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Here Are My Top 3 High-Yield Energy Dividend Stocks to Buy Now

    Stock Market

    3 Highly-Rated Dividend Stocks You’ve Probably Never Heard Of (But Should)

    Stock Market

    Le président d’Ecofin Global Utilities annoncé son départ lors de la prochaine assemblée générale

    Stock Market

    United Utilities Group PLC : RBC Capital Markets de acheteur à neutre sur le titre

    Stock Market

    une boutique Voi va ouvrir au Havre

    Stock Market

    10 Best Dividend Stocks for a Bear Market

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    Stock market today: Wall Street pauses record streak as investors eye earnings

    Investments

    MLB Legend Barry Bonds’ Game-Worn World Series Jersey, Historic Bat Sell for $245K

    Cryptocurrency

    How to Choose the Best Cryptocurrency Exchange in 2025: The Ultimate Investor’s Checklist

    Editors Picks

    Analyst Warns of a Cryptocurrency Black Monday

    August 5, 2024

    Taxation measure: reluctant Sindh approves Agricultural Income Tax Bill 2025 – Pakistan

    February 2, 2025

    Morgan Stanley Chair James Gorman Once Said Bitcoin’s Role In Wealthy People’s Financial Fabric Would Be Very Small: The Investment Bank Is Now On A Roll Recommending King Crypto To Clients – Morgan Stanley (NYSE:MS)

    October 16, 2024

    Metal Cutting Tools Market Demand Will Reach a Value of USD

    August 29, 2024
    What's Hot

    Colorado Springs Utilities $1.8B budget gets council support | Government

    October 23, 2024

    Energy is high in first fully padded practice

    July 30, 2024

    XAG/USD edges higher toward $32.00 barrier near 14-day EMA

    February 26, 2025
    Our Picks

    Private eyes embroiled in explosive sibling rivalry after allegedly being hired by millionaire property developer

    March 4, 2025

    Investing in women’s sports is a long-term play that’s paying off

    July 19, 2024

    Poly Property enregistre 3,9 milliards de yuans de ventes contractuelles en mai

    June 9, 2025
    Weekly Top

    Rencontre avec Tabahi, seul groupe de thrash metal du Pakistan

    June 20, 2025

    Silver Viper finalise l’acquisition du projet aurifère-cuivrique Cimarron

    June 20, 2025

    Russia Developing Cross-Border Digital Payment with BRICS

    June 20, 2025
    Editor's Pick

    Chinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources

    April 29, 2025

    1 Magnificent Dividend Stock Down 40% to Buy and Hold Forever

    August 24, 2024

    Garda Diversified Property Fund met à jour son portefeuille industriel à Brisbane -Le 11 mars 2025 à 09:22

    March 11, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.