Stocks fall with chipmakers, gold hits record high

Stocks fall with chipmakers, gold hits record high

By Caroline Valetkevitch

Wed October 30, 2024 5:05 PM

Google’s after-hours glowing Q3 yesterday was more than negated by today’s dismal Q3 from AMD, which brought all of tech and particularly the chipmakers down. Google did lay its claim to the market in the morning hours, the Dow rising over 200 before noon, the Nasdaq over 75, but then both steadily decline at the noon hour and for the rest of the session. More major Magnificent Seven reporting tomorrow and with today’s glowing payrolls report, all eyes will be on Friday’s jobs report, though truth be told the payrolls report may be overstated due to the hurricanes. Treasury yields also started rising again from the strong payrolls report.  Per the CBOE, volume came in at 12.5 billion. 

DJ: 42,233.05  -154.52       NAS: 18,712.75  +145.56      S&P: 5,832.97  +9.45           10/29

DJ: 42,141.54  -91.51         NAS: 18,607.93  -104.82       S&P: 5,813.67  -19.25          10/30

Wed 10-30-24 5:05 pm Stocks fall with chipmakers, gold hits record high | Reuters