Nasdaq, S&P end higher as Tesla jumps, yields pull back

Nasdaq, S&P end higher as Tesla jumps, yields pull back

By Lisa Pauline Mattackal, Purvi Agarwal and Carolina Mandl

Thu October 24, 2024 7:28 PM

The Dow spent the whole day in the red but both techs had a resurgence and were in the green, though all three experienced a sharp dip around 11 a.m. and reached a bottom around noon, the Dow down over 300 by noon, then rebounded to recoup most of the dip on all three by 2 p.m.  Tesla turned in a glowing Q3 which shot all the rest of tech right up while disappointing Q3 from bellwethers IBM, Honeywell and Boeing brought the Dow down. And just as rising 10-year yields weighed on the market yesterday, falling yields boosted everything today. About 1/3 of the S&P has now reported with 78.6% beating estimates. At 11 billion, today’s volume was still a bit below the 11.6 billion average. 

DJ: 42,514.95  -409.94       NAS: 18,276.65  -296.47      S&P: 5,797.42  -53.78          10/23

DJ: 42,374.36  -140.59       NAS: 18,415.49  +138.83     S&P: 5,809.86  +12.44         10/24

Thu 10-24-24 7:28 pm Nasdaq, S&P end higher as Tesla jumps, yields pull back | Reuters