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Nasdaq Logs 5-Straight as Bond Yields Cool

The nearing election is pushing investors toward gold

Managing Editor
Oct 22, 2024 at 4:25 PM
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The S&P 500 struggled for direction into the closing bell, but eventually settled lower alongside the Dow on Tuesday. Meanwhile, the Nasdaq recovered from morning losses to notch its fifth-straight daily gain and longest such win streak since early September. Interest rate concerns remained on investors' minds, as the U.S. 10-year Treasury yield surged to three-month highs before modestly pulling back by the close.

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

Closing Index Summary October 222024

NYSE and Nasdaq Stats October 222024

5 Things to Know Today 

  1. General Motors (GM) surged to two-year highs after an impressive third-quarter report. (MarketWatch)
  2. Anthropic, an artificial intelligence (AI) company backed by Amazon.com (AMZN), launched its own AI agent. (CNBC)
  3. First Solar stock brightened up the energy sector.
  4. A pair of stocks enjoying post-earnings pops.
  5. Keep tabs on these 3 surging gold names.

Earnings October 222024

Unusual Options Activity October 222024

Gold Hits Fresh Record Peak

The continued story of Chinese stimulus measures and Middle East tensions pushed oil higher once again. November-dated West Texas Intermediate (WTI) crude added $1.53, or 2.2%, to settle at $72.09 per barrel for the session.

A new record came for gold futures as the U.S. presidential election nears and safe-haven demand climbs. Gold for December delivery added 0.6% to trade at $2,754.30 at last check.

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