Wall St closes little changed while investors digest yields, earnings

Wall St closes little changed while investors digest yields, earnings

By Lisa Pauline Mattackal, Purvi Agarwal and Carolina Mandl

Tue October 22, 2024 4:35 PM

All three indexes started the day substantially in the red, the Dow down over 200 points, but began an immediate and steady recovery yet taking until mid-afternoon to break-even and then closing with only tiny losses. Yesterday, was a breather day, today brought more caution awaiting more earnings, the expected volatility from the election, and a new development – rising yields on the 10-year Treasuries indicating the Fed may have jumped the gun with the huge ½ point September cut and that a smaller, more gradual schedule may be in order. Odds of a ¼ point November cut now stand at 89.6%.  Earnings continue to be good despite a few disappointments today. More due tomorrow. Volume today at 11.45 billion was for once close in line with the 11.28 average. 

DJ: 42,931.60  -344.31       NAS: 18,540.01  +50.45       S&P: 5,853.98  -10.69         10/21

DJ: 42,924.89  -6.71           NAS: 18,573.13  +33.12       S&P: 5,851.20  -2.78           10/22

Tue 10-22-24 4:35 pm Wall St closes little changed while investors digest yields, earnings | Reuters