Dow Charges Higher Alongside Small Caps

Earnings continued to flood headlines and influence investor sentiment today, giving Wall Street a much-needed boost after yesterday's selloff. Cisco Systems (CSCO) led the Dow 337 points higher, while traders also digested upbeat quarterly reports off the S&P 500. The Nasdaq managed to finish with a comfortable gain, an improvement from Tuesday's tech plunge, as Wall Street digests a second monthly fall in import prices.

Meanwhile, the market's "fear gauge," or Cboe Market Volatility Index (VIX), slipped back below 20, and small caps surged for a fourth day, after a vivid outperformance on the iShares Russell 2000 ETF (IWM).

Closing Index Summary October 162024

NYSE and Nasdaq Stats October 162024

Earnings October 162024

Unusual Options Activity October 162024


CRUDE PRICES EXTEND LOSSES

Today marked a fourth consecutive loss for crude prices, the commodity maintaining two-week lows. November-dated West Texas Intermediate (WTI) crude fell 19 cents, or 0.3%, to settle at $70.39 per barrel for the session.

On the flipside, gold futures were enjoying more gains, nearing fresh record highs and a continued drop in the 10-year Treasury yield. Gold for December delivery added 0.5% to trade at $2,692.60, at last check.


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