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Stocks Volatile as Dow Sneaks in a Win

All three major indexes traded on both sides of the aisle today

Deputy Editor
Oct 17, 2023 at 4:24 PM
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Wall Street was choppy on Tuesday, as investors unpacked rising bond yields and the latest corporate reports. The Dow, Nasdaq, and S&P 500 all pared morning losses and broke into positive territory midday, but only the blue-chip index was able to finish the day higher, for its seventh win in the last eight sessions. The volatility culprit was once more a rallying 10-year Treasury note that hit a nearly two-week high following hotter-than-expected retail sales data. 

  • Blue-chip stock has a history of post-earnings pops.
  • Apparel stock grabs the eye of options traders.
  • Plus, two bank stocks to watch; DLTR's much-needed bounce; and Pfizer's update.

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5 Things to Know Today

  1. Homebuilder sentiment fell four points in October, a third-straight monthly decline to its lowest mark in 10 months. (CNBC)
  2. Ohio's Rep. Jim Jordan fell short of the votes needed by a wider-than-expected margin in his bid to become U.S. House Republicans' new speaker. (MarketWatch)
  3. These 2 banks stocks shook things up after earnings.
  4. Entry point flashing for struggling retail stock.
  5. Vaccine maker provided an optimistic update.

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Oil Futures Remain Unchanged

Oil futures failed to move in either direction today as investors weighed potentially easing U.S. sanction on exports by Venezuela. Crude for November delivery stayed at $86.66 per barrel.

Gold futures moved modestly higher amid the Israel-Hamas conflict and fears of a stateside interest rate hike. For the session, December-dated gold added $1.40, or less than 0.1%, to settle at $1,935.70 an ounce

 

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