Nasdaq hits record high as Alphabet earnings beat estimates
Tue October 29, 2024 4:44 PM
A slew of corporate earnings came in today triggering a rise in the tech sector even though the biggest player, Alphabet/Google, came in after the bell with estimate busting earnings but since it was after the bell, today’s record Nasdaq high can hardly be attributed to it. A sharp spike in consumer confidence, 10% above estimates, might have sparked some more risk-taking in tech as well. However, the 10-year Treasury once again rose, today to its highest since July, which brought the Dow down. Volume was above the 11.5 billion average, today coming in at 12.59 billion.
DJ: 42,387.57 +273.17 NAS: 18,567.19
+48.58 S&P: 5,823.52
+15.4 10/28
DJ: 42,233.05 -154.52 NAS: 18,712.75
+145.56 S&P: 5,832.97
+9.45 10/29
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