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October 22nd Morning Report

Tuesday 22nd October 2024

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US markets closed lower on Monday, retreating from Friday's record high closes and six straight weekly gains as Treasury yields rose and investors wary of high valuations awaited earnings from major companies.

The Dow Jones Industrial Average closed down 0.80%, while the S&P 500 and Nasdaq Composite were down 0.18% and up 0.27%.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.48%), the Dax 30 (-1.00%), CAC 40 (-1.01%) and the STOXX (-0.90%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.07%), HSI (-1.57%) and the Shanghai Composite (+0.20%).

The yield on the US 10 - year note was at 4.194%, while the 2 - year note was at 4.027%. Oil was up to $70.39 per barrel, up 1.69%. The gold price was at US$2734.40 per ounce, up 0.16%. 

October 22nd Morning Report



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