Market close for October 21: Nasdaq edged down slightly while the Dow surged 500 points, with optimistic earnings sentiment stabilizing the market.
Top 20 US stock trades by volume on October 21: Apple fell 1% after announcing expanded US production of components for new products.
Most popular Chinese concept stocks rose on October 21, with Li Auto up over 5% and XPeng up more than 7%.
Commodities overview: Oil and gold prices swung lower while copper prices advanced.
European stocks held steady, with healthcare and travel leisure sectors performing relatively well.
Macro
Trump was sued for imposing a 50% tariff on Canada.
A US official stated that the US President's special envoy will meet with Putin on the 21st.
The probability of Marine Le Pen winning the 2027 French presidential election is rising.
Iran's president said the precondition for negotiations is that the US lifts pressure, threats, and sanctions.
US special envoy Witkoff will meet with Putin during his visit to St. Petersburg.
Some districts in Paris have again implemented curfews.
Companies
Musk: SpaceX and Tesla have begun studying a potential merger transaction.
Netflix expects revenue growth to slow for a fourth consecutive quarter, with shares plunging 7% after hours.
Netflix's third-quarter earnings beat expectations, but advertising and revenue guidance caused the stock to fall.
Boeing's 737 Max 10 received FAA approval after years of delays, with Duffy saying the certification process should be faster.
SpaceX revenue jumped 161%, driven by Starlink and AI.
Commentary
New York forex market: The dollar hit its lowest level since September, while Brent crude retreated.
Top overseas headlines for October 21: Boeing 737 Max 10 approved, Musk says SpaceX and Tesla are discussing a merger, and Trump was sued for imposing tariffs on Canada.
Crude oil: Brent trended volatile as traders assessed the progress of US-Iran negotiations.
Related Reports
US stock market: The S&P 500 ETF rose after hours as SpaceX profit beat expectations.
US bond market: Treasuries were mixed, with strong long-end performance driving curve flattening.
Franklin Templeton: French bond market turmoil could evolve into a version 2.0 of the European debt crisis, and even more severe.
Citadel Securities is considering expanding its fixed income business footprint, saying there are currently some gaps.
Hedge fund financing reached its cap, and Barclays internally reallocated capital to support client bets.
A senior Iranian official said the US must take confidence-building measures, otherwise Tehran will not negotiate with Washington.
The CFA Level III exam pass rate fell to 47%, below the historical average.
Bank of America launched a perpetual bond issuance, its second debt deal in a matter of days.
European bond market: German government bonds rose, with Iran negotiation news triggering market volatility.
Praising Macron's economic team as first-rate, Bessent expects French bond market turmoil will not spill over.
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