Schaeffer's Top Stock Picks for '25

Dow Strings Together Third-Straight Triple Digit Pop

Oil futures and bond yields took sharp steps back today

Deputy Editor
Oct 10, 2023 at 4:28 PM
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Stocks closed higher for a third-straight session Tuesday, as investors monitored the geopolitical fallout from the Israel-Hamas war. The biggest move for the day came from the 10-year Treasury note, which fell 15 basis points today to 4.68%. The fall in bond yields across the board helped the Dow secure a third-straight triple digit win and its longest win streak since Aug. 30. The Nasdaq and S&P 500 logged outsized wins of their own, while the Cboe Volatility Index (VIX) clocked to its lowest close since Sept. 25.

  • Signal: Don't sweat the Zscaler stock pullback.
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Closing Indexes Summary Oct 10

NYSE and Nasdaq Stats Oct 10

5 Things to Know Today

  1. The National Association of Home Builders (NAHB) and other major organizations expressed "profound concern" regarding the industry in a letter to the Federal Reserve. (CNBC)
  2. Activist investors will have to disclose their aggressive plays more quickly, per a new Securities and Exchange Commission (SEC) vote. (MarketWatch)
  3. Retail trader favorite inks huge army contract.
  4. Is now the time to buy this EV stock?
  5. A pre-earnings look at a red-hot pizza stock.

Corporate Earnings Oct 10

Unusual Options Activity Oct 10

Oil Futures Retreat After Rally

Oil futures erased some of yesterday's rally, as investors pondered the impact of the Israel-Gaza war on black gold prices in the Middle East. Crude for November delivery lost 41 cents, or 0.5%, to settle at $85.97 per barrel.

Gold prices rose for a third-straight session, with December-dated gold gaining $11 to settle at $1,875.30 an ounce.  

 
 

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