Stock Market News for Oct 24, 2024

Zacks10-24

Wall Street closed sharply lower on Wednesday, pulled down by tech and discretionary stocks. Rising treasury yields continued to spook investors about the pace of Fed rate cuts. The three most widely ...

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Rising treasury yields continued to spook investors about the pace of Fed rate cuts. The three most widely ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-oct-24-132400386.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0053666078.USD","symbol_name":"摩根大通基金-美国股票A（离岸）美元","start_time":0,"source_url":"https://finance.yahoo.com/news/stock-market-news-oct-24-132400386.html","article_id":"2477726655","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/TveVr_uoxLbjHNbKvHuExw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/223c1bf0adeeecfbad6b0a5d960e0765"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477726655","pubTimestamp":1729776240,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wall Street closed sharply lower on Wednesday, pulled down by tech and discretionary stocks. Rising treasury yields continued to spook investors about the pace of Fed rate cuts. The three most widely followed indexes closed the session in the red.The Dow Jones Industrial Average  ticked down 409.94 points, or 1%, to close at 42,514.95. Twenty-six components of the 30-stock index ended in negative territory, while four ended in positive.The tech-heavy Nasdaq Composite fell 296.47 points, or 1.6%, to close at 18,276.65.Treasury yields continued to rise on Wednesday, with the benchmark 10-year yield closing at its highest level in three months. The 10-year yield ended the day at 4.24%, up from 4.204% in the previous session. This was the highest daily settlement for the benchmark yield since July 25.Per a government report, for the week ending Oct. 18, U.S. commercial crude oil inventories  increased 5.5 million barrels from the previous week. The previous week’s number rem","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","BK4512":"苹果概念","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","XLC":"Communication Services Select Sector SPDR Fund","LU0056508442.USD":"贝莱德世界科技基金A2","3NVD.UK":"LS 3X NVIDIA","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","BK4548":"巴美列捷福持仓","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","2NVD.UK":"2X NVIDIA ETP","BK4539":"次新股","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4532":"文艺复兴科技持仓","L":"洛斯公司","XLK":"高科技指数ETF-SPDR","BK4571":"数字音乐概念","BK4534":"瑞士信贷持仓","AAPL":"苹果","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","XLRE":"Real Estate Select Sector SPDR Fund","NVDA":"英伟达","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","COMP":"Compass, Inc.","BK4501":"段永平概念","BK4543":"AI","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","BK4527":"明星科技股","XLY":"消费品指数ETF-SPDR可选消费品","BK4559":"巴菲特持仓","BK4141":"半导体产品","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4551":"寇图资本持仓","BK4573":"虚拟现实"},"translate_title":"2024年10月24日股市新闻","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLY":1,"XLRE":1,"XLK":1,"XLC":1,"US12M.BOND":0.9,"COMP":0.9,"US10Y.BOND":0.9,"US2Y.BOND":0.9,"US30Y.BOND":0.9,"US3Y.BOND":0.9,"US5Y.BOND":0.9,"US6M.BOND":0.9,"US7Y.BOND":0.9,"NVDA":0.8,"AAPL":0.8,"US912797HE00.BOND":0.6,"L":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"Wall Street closed sharply lower on Wednesday, pulled down by tech and discretionary stocks. Rising treasury yields continued to spook investors about the pace of Fed rate cuts. The three most widely followed indexes closed the session in the red.\nHow Did the Benchmarks Perform?\nThe Dow Jones Industrial Average (DJI) ticked down 409.94 points, or 1%, to close at 42,514.95. Twenty-six components of the 30-stock index ended in negative territory, while four ended in positive.\nThe tech-heavy Nasdaq Composite fell 296.47 points, or 1.6%, to close at 18,276.65.\nThe S&P 500 declined 53.78 points, or 0.9%, to close at 5,797.42. Nine of the 11 broad sectors of the benchmark index closed in the red. The Consumer Discretionary Select Sector SPDR (XLY), the Technology Select Sector SPDR (XLK) and the Communication Services Select Sector SPDR (XLC) fell 1.6%, 1.4% and 0.8%, respectively, while the Real Estate Select Sector SPDR (XLRE) rose 1%.\nThe fear-gauge CBOE Volatility Index (VIX) increased 5.7% to 19.24. A total of 11.8 billion shares were traded on Wednesday, higher than the last 20-session average of 11.3 billion. Decliners outnumbered advancers by a 3.27-to-1 ratio on the NYSE while the Nasdaq Composite recorded 60 new highs and 90 new lows.\nInvestors Remain Concerned About High Interest Rates\nTreasury yields continued to rise on Wednesday, with the benchmark 10-year yield closing at its highest level in three months. The 10-year yield ended the day at 4.24%, up from 4.204% in the previous session. This was the highest daily settlement for the benchmark yield since July 25.\nStrong economic data in recent weeks have led to rising yields, and market participants are currently under the impression that the Fed would cut interest rates much more slowly than investors were betting on a couple of months ago. In fact, on Wednesday, Richmond Fed president Thomas Barkin said in an interview with Reuters that the central bank's target to limit inflation at 2% might take longer than expected to complete and limit how far interest rates can be cut. This indicates that investors would remain apprehensive about the pace of rate cuts.\nThe presidential election campaign also has a palpable impact on investor mood. Investors generally believe that budget deficits are likely to be larger if one party has control of both Congress and the presidency. In such an uncertain environment, mega-cap growth stocks like tech and not so essential goods like discretionaries take a hit. This was the case on Wednesday.\nConsequently, shares of NVIDIA Corporation NVDA and Apple Inc. AAPL lost 2.8% and 2.2%, respectively. Both currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nEconomic Data\nPer a government report, for the week ending Oct. 18, U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased 5.5 million barrels from the previous week. The previous week’s number remained unrevised at a decrease of 2.2 million barrels. As a result, oil prices slid more than 1%. Brent crude settled at $74.96, down $1.08, or 1.42%. WTI crude settled down 97 cents, or 1.35%, to $70.77.\nPer the National Association of Realtors, existing home sales for September came in at 3.84 million units sold against a consensus of 3.9 million. The number for August was revised up to 3.88 million units from the previously reported 3.86 million.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nApple Inc. (AAPL) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477726655"}