Dow, S&P 500 Slip, Extend Losing Streaks

The Nasdaq eked out a win to snap its own losing streak

Deputy Editor
Oct 23, 2023 at 4:26 PM
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Stocks finished the day mostly lower, undone once more by elevated treasury yields. As investors a busy week of tech earnings, the 10-year Treasury yield continues to test the 5% level. Despite brief forays into positive territory earlier in the afternoon, the Dow finished lower for the fourth-straight day, while the S&P 500 slid for the fifth-straight session.

Elsewhere, a resilient tech sector helped the Nasdaq eke out a win and snap a four-day skid. Keep an eye on the VIX this week, which just snapped a five-day win streak but still closed above 20.

  • Signal says this tech stock is set for new records.
  • How these crypto-adjacent stocks won the day.
  • Plus, a tech stock selling off; a rare blue chip upgrade; and AA's new analyst reality.

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5 Things to Know Today

  1. House Republicans are saying sayonara to Rep. Jim Jordan, after he lost his third bid to become speaker of the House of Representatives. (CNBC)
  2. Netflix (NFLX) is increasing prices again in the U.S., just months after the major streaming company cracked down on password sharing. (MarketWatch)
  3. Okta stock sells off after cyber breach.
  4. This blue chip stock has at least one fan now.
  5. Aluminum stock a serious downgrade risk. 

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Commodities Pull Back

Oil futures slipped today, as investors continued to monitor diplomatic efforts around the Israel-Hamas war. For the session, crude for November delivery fell $1.39, or 1.6%, to settle at $86.69 per barrel.

Gold futures also fell Monday, with December-dated gold losing $8.10 to settle at $1,986.30 an ounce Friday.

 

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