Dow Snaps Losing Streak As Earnings Impress


The Dow surged 204 points today, snapping a four-day losing streak thanks to a slew of earnings reports — including a big quarterly win from Coca-Cola (KO) — that encouraged investors about the health of the stock market. The Nasdaq scored a triple-digit pop as well, while the S&P 500 (SPX) snapped its five-day skid, as the 10-year Treasury yield pulled back from 5%. Wall Street is now looking ahead to Big Tech earnings from Alphabet (GOOGL) and Microsoft (MSFT), due out after the close today. indexesoct24nyseoct24earnoct24uvoloct24

COMMODITIES PULL BACK
Oil prices moved lower for a third-straight session, as investors await updates regarding the Israel-Hamas war and tomorrow’s U.S. petroleum supplies data. The new front-month contract, December-dated West Texas Intermediate (WTI) crude, fell $1.75, or 2.1%, to settle at $83.74 a barrel. Gold futures was mostly static with a marginal drop. December-dated gold lost $8.10 to settle at $1,986.30 an ounce Friday.More By This Author:Strong Earnings Help Stocks To Midday Gains
Surging Bond Market Pressures Stocks Lower This Week
Stocks Sharply Stumble As VIX Breaks Out

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