STOCK MARKET
Dow Jones ended at $33,739.30 (+0.40%)
S&P 500 ended at $4,335.66 (+0.63%)
Nasdaq Composite ended at $13,562.84 (+0.58%)
The stock market experienced gains for a second consecutive day primarily due to declines in Treasury yields and relief among investors. The benchmark 10-year Treasury yield fell, leading to an increase in stock prices as investors sought safer assets amid the Israel-Hamas conflict. Additionally, the decrease in oil prices, the positive third-quarter earnings reports from companies like PepsiCo also contributed to the market gains, and the upward performance of the small-cap stocks Russell 2000 and S&P Small Cap 600 indexes further added to the positive market sentiment. As a result, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all increased. Moreover, investors also began looking beyond the geopolitical risks and focused on positive factors such as the stronger-than-expected September payrolls report and anticipation of third-quarter earnings. This optimism, coupled with the hope that the Federal Reserve’s tightening cycle might be nearing its end, further supported equity markets.
CRYPTO MARKET
Bitcoin fell by 0.78% with a value of $27,391.30 as of 3:00 PM CST, as stated by Coin Metrics.
