On Friday, all major US indices closed lower: the Dow Jones fell 1.24% to 52,214, the S&P 500 fell 0.52% to 7,622, the Nasdaq slipped 0.21% to 25,955 and the Russell 2000 dropped 0.20% to 2,778, with 176 S&P 500 companies expected to report this week. Treasury yields rose, with the 30-year at 5.33% and the 10-year near 5%, and the article says another 25-basis-point hike will probably come before year-end. Brent closed at $116, up 3.05%, and WTI at $103, up 3.74%, while natural gas fell 6.01% to $2.63. Gold closed at $3,993, down 0.76% and below $4,000 for the first time since July, while total crypto market cap hovered around $2.8 trillion, bitcoin held the $81,000 level and Ethereum was quoted at $2,327. Among analyst moves, Morgan Stanley upgraded Lockheed Martin to Overweight with an $835 target, JPMorgan raised Roper Technologies to Neutral and lifted its target to $490 from $415, and Barclays upgraded Tesla to Overweight with a $450 target.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Wall Streetbondsoil pricesgoldS&P 500
Open a keyword to see other news on the same topic.
Related news
- U . S . stocks end mixed on upbeat earnings - Xinhua
U.S. stocks closed mixed on Tuesday as strong corporate earnings and falling oil prices offset weakness in technology. The Dow Jones Industrial Average rose 529.85 points (1.02%) to 52,495.88, the S&P 500 gained 0.28% to 7,712.57, and the Nasdaq Composite slipped 0.02% to 26,424.82. Nine of 11 S&P 500 sectors finished higher, led by health care and real estate, while information technology and communication services lagged. The 10-year Treasury yield fell below 5.12% after weak housing data reduced expectations of near-term Federal Reserve rate hikes. WTI crude fell nearly 2% to $101.79 a barrel and Brent slipped 0.69% to $108.79 as hopes grew for renewed U.S.-Iran peace talks. 3M jumped 5.78% after beating third-quarter expectations, while General Motors fell nearly 7% despite beating profit forecasts due to a weak full-year outlook; pending home sales dropped 7.3% in September, the lowest since the series began in 2001.
- October 22nd Morning Report - sharechat . co . nz
US stocks closed higher on Wednesday after quarterly results from SpaceX and Super Micro Computer boosted appetite for AI-related shares, while Netflix slipped after its forecast disappointed investors. The Dow Jones rose 0.65%, the S&P 500 gained 0.62% and the Nasdaq Composite added 1.09%. European indices also closed higher, with the FTSE100 up 0.19%, the DAX up 1.35%, the CAC 40 up 1.06% and the STOXX up 1.40%. In Asia, the Nikkei 225 rose 0.85%, while the HSI fell 0.90% and the Shanghai Composite fell 1.59%. The US 10-year yield stood at 5.123%, oil rose 0.44% to $97.58 per barrel, and gold was at US$4150.15 per ounce.
- Stock Market Midday, Oct. 12: Dow Edges Higher as Investors Rotate Into Value Stocks
As of 11:31 a.m. ET, the Dow Jones rose 0.49% to 51,909 as investors rotated into value stocks, while the S&P 500 dipped 0.06% to 7,807 and the Nasdaq Composite fell 0.37% to 27,265 on tech weakness. Gold traded at $4,192.70, down 0.56%, and the 10-Year Treasury yield edged up to 5.24%. Crude oil rose to $106 per barrel as Middle East conflict escalated, and investors doubted an 'energy ceasefire' between Ukraine and Russia would have much effect. Traders are now looking ahead to September's CPI on Wednesday and the Producer Price Index on Thursday.
- U . S . stocks join global retreat as war drums start beating again
- US stocks nudge higher as SpaceX, Tesla and Nvidia climb
U.S. stocks drifted higher on Wednesday as strong profit reports from SpaceX and Capital One offset disappointing updates from Netflix and AT&T. As of 10:15 a.m. ET, the S&P 500 was virtually unchanged, the Dow was down 30 points (0.1%) and the Nasdaq rose 0.4%. SpaceX jumped 11.1% after posting a stronger-than-expected profit, and Elon Musk said the company had taken a step toward considering a possible merger with Tesla, whose shares rose 3.3%. Netflix fell 4.2% despite a stronger profit because its revenue forecast for the final quarter fell short, while AT&T dropped 5.6% on a growth outlook that missed expectations. The 10-year Treasury yield eased to 5.09% but remains far above its 3.97% level before the war with Iran, and Brent crude added 0.2% to $108.96 a barrel.
- Nasdaq Jumps Past 1 Percent as VIX Swings While Dow Dips Below Its 50 - Day Line
The Nasdaq Composite rose 1.11% and the S&P 500 gained 0.66% as big tech drove a sharp rebound into the close, while the Dow Jones Industrial Average slipped 0.07% and settled just under its 50-day EMA near 52,010. The Russell 2000 added 0.25%. The VIX fell 1.55 points to 18.44, while the Nasdaq-100 volatility gauge jumped 4.24 points, a mixed signal heading into the week. In commodities, WTI crude closed at $98.41 per barrel, down 2.96% on the day, gold slipped 0.56% to $4,157.80 per ounce, and the 10-year Treasury yield rose to 5.14%.
Related markets
Latest news
- Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting. The Reason Is Obvious.
Micron (MU) posted record fiscal fourth-quarter results, with revenue of $54.2 billion, up nearly 380% year over year, and EPS of $32.87, and guided to $61.5 billion in revenue for fiscal Q1 2027. Despite this, the stock has fallen roughly 20% since the report and was about 29% below its all-time high as of Oct. 22. The article attributes the sell-off to concerns about the sustainability of AI capital spending, high valuations and whether the memory industry's unusually high profitability will last, while the iShares Semiconductor ETF has declined 15% since the report. The author views the forward P/E of about 7 as modest and believes investors may have already priced in considerable downside risk.
- YYForce Applauds Tesla and Elon Musk on Commencing Manufacturing of Optimus Humanoid Robots
YYForce Inc. (NASDAQ: YFOR) congratulated Tesla and Elon Musk after Tesla said production of its Optimus humanoid robot has begun in Fremont, California, a phase Tesla describes as early ramp. YYForce plans to deploy its first humanoid robot at Novotel Singapore on Stevens in early November 2026 to evaluate hospitality applications, with the scope depending on technical readiness and initial results. The company stresses that this is a separate initiative: the release announces no partnership or endorsement involving Tesla, and the robot to be deployed is not a Tesla Optimus.
- Elon Musk predicts many neoclouds will experience 'guppy-level death'
SpaceX (SPCX) confirmed it has closed a $40 billion finance lease deal for Nvidia (NVDA) AI chips, backed by Apollo. Elon Musk said debt markets have largely stopped lending to neoclouds that rely on revenue to pay for data centers, and that more than 200 neoclouds will see "guppy-level death" through consolidation, with few surviving. The $40 billion deal has not yet priced; Bloomberg reported its debt could price at around 8%, above earlier expectations, while CoreWeave's debt is trading at about 15%. Chamath, an AI bull, also said it will be a consolidation year for a few. The hosts noted Musk's comments may be self-serving, or aimed at talking prices down so he can pick up more computing capacity.
- Moderna Tumbles 7% as Cancer Vaccine Selloff Deepens; BioNTech Falls 3%, Pfizer Holds Steady
Moderna shares fell 7% to $185.74 in morning trading after its personalized melanoma vaccine, intismeran autogene, given with Keytruda, met its primary goal of reducing the risk of recurrence or death, but its effect on distant metastasis was far smaller than an earlier mid-stage study suggested. Detailed late-stage results were released on October 22 ahead of a conference in Madrid. BioNTech fell 3% to $85.65, Merck fell 0.2% to $145.61 and Pfizer fell 0.2% to $29.96, while the iShares Biotechnology ETF rose 0.2% to $208.21. The article notes Moderna's business relies entirely on mRNA medicines, so the vaccine carries a large share of its pipeline value, and says the next step is whether the full dataset supports a regulatory filing.
- HOOD’s prediction markets to add $1.7B to revenue, exceed crypto by 2028: Bernstein
Bernstein raised its revenue estimates for Robinhood Markets (HOOD) for 2026, 2027 and 2028 by 3%, 4% and 3% respectively, and kept its $160 price target unchanged. The firm expects prediction markets to grow from about $650 million this year to $1.7 billion in 2028, surpassing projected crypto-based revenue of $1.6 billion and accounting for roughly 18% of the projected $9.4 billion in total 2028 revenue. Bernstein expects Q3 revenue to rise 13% quarter over quarter to around $1.5 billion, driven by equity, options and event contract volumes and a recovery in crypto trading. HOOD was set to open lower, with premarket trading at $93.60, and is down more than 29% over the past 12 months.
- One Catalyst Could Completely Change the Tesla Stock Story
The article argues that the unsupervised Robotaxi fleet could decide the Tesla stock story, but its economics have not yet shown up in reported results. The 24/7 Wall St. model sets a price target of $404.84, 8.1% above the $374.58 close on October 22, and rates the stock hold because it sees shares trading near fair value. In Q3, revenue of $28.05 billion and EPS of $0.48 beat estimates, but operating income fell 55.79% as R&D rose to $2.76 billion and battery supply limited deliveries to 486,532 vehicles. Free cash flow dropped 61.63% to $1.53 billion, while management expects about $20 billion in capex this year. Traders put 65.5% odds on a SpaceX merger being announced by the end of 2027.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.