EARN25

Dow, S&P 500 Give Back Record Highs as VIX Holds 20

Gold snapped its six-day losing streak

Managing Editor
Oct 10, 2024 at 4:24 PM
facebook X logo linkedin


September's consumer price index (CPI) reading drove stocks lower today, while jobless claims indicating  a weakening labor market didn't help Wall Street sentiment either. The Dow shed triple digits, pulling back from yesterday's record close. The S&P 500 and Nasdaq, despite brief midday forays into the black, ultimately finished lower as well. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX) held, above 20 for the fourth-straight day.

Continue reading for more on today's market, including:

  • Celsius stock just logged its best day in months.
  • Learn how to trade with Fibonacci levels.
  • Plus, Delta earnings analysis; Nike brushes off bull note; and a fintech sector breakdown.

indexesoct10

nyseoct10

5 Things to Know Today 

  1. All eyes are on Advanced Micro Devices (AMD) after the company revealed its rival Nvidia (NVDA) artificial intelligence (AI) chip, which will function as a GPU named MI325X. (CNBC)
  2. Federal U.S. regulators have ordered Toronto-Dominion Bank (TD) to pay $3.09 billion in fines after pleading guilty to charges that said the company failed to prevent money laundering. (MarketWatch)
  3. Delta stock suffers post-earnings dud.
  4. Upgrade couldn't help lackluster Nike stock.
  5. Fintech stocks shaking up the sector.

earnsoct10uvoloct10new

Oil Steps Into Recovery Mode

Oil managed to recover some of its recent losses today, as concerns over Middle East tensions resurfaced, though China demand kept a ceiling on gains. November-dated West Texas Intermediate (WTI) crude added $2.61, or 3.6%, to settle at $75.85 per barrel for the day.

Following the release of CPI data and increased interest in a November rate cut from the Fed, Gold rose in today's trading, snapping a six-day losing streak. Gold for December delivery added 0.5% to trade at $2,6239.30, at last glance.

Getting Started With Options:
OPTIONS BASICS

Are you ready to start learning about options, and how to use them for faster profits? Our FREE GUIDE breaks down basic options trading concepts and vocabulary, how options derive their value, advantages and disadvantages, trading mechanics, and more!


 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here