Nasdaq Logs 5-Straight as Bond Yields Cool

The nearing election is pushing investors toward gold

Emma Duncan

Managing Editor

Oct 22, 2024 at 4:25 PM

The S&P 500 struggled for direction into the closing bell, but eventually settled lower alongside the Dow on Tuesday. Meanwhile, the Nasdaq recovered from morning losses to notch its fifth-straight daily gain and longest such win streak since early September. Interest rate concerns remained on investors' minds, as the U.S. 10-year Treasury yield surged to three-month highs before modestly pulling back by the close.

Continue reading for more on today's market, including:

These 2 stocks suffered post-earning slides.
Southwest Airline stock falters before report.
Plus, First Solar stock charges up; 2 stocks higher on earnings; and gold stocks to watch.

Closing Index Summary October 222024

NYSE and Nasdaq Stats October 222024

5 Things to Know Today

General Motors (GM) surged to two-year highs after an impressive third-quarter report. (MarketWatch)
Anthropic, an artificial intelligence (AI) company backed by Amazon.com (AMZN), launched its own AI agent. (CNBC)
First Solar stock brightened up the energy sector.
A pair of stocks enjoying post-earnings pops.
Keep tabs on these 3 surging gold names.

Gold Hits Fresh Record Peak

The continued story of Chinese stimulus measures and Middle East tensions pushed oil higher once again. November-dated West Texas Intermediate (WTI) crude added $1.53, or 2.2%, to settle at $72.09 per barrel for the session.

A new record came for gold futures as the U.S. presidential election nears and safe-haven demand climbs. Gold for December delivery added 0.6% to trade at $2,754.30 at last check.

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