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Upcoming mega stock earnings keep Wall Street in suspense


Lola Evans
29 Oct 2024

NEW YORK, New York - U.S. stocks see-sawed Tuesday as U.S. Treasury yields spiked higher and investors waited on earnings reports from majors such as Meta, Microsoft, Alphabet, Apple, and Amazon, all due to report over the next 24 to 48 hours.

"It wouldn't be a surprise to see further de-risking in the short-term, and some turbulent trade for now, ahead of Election Day next Tuesday," ]Michael Brown, a senior research strategist at Pepperstone told Reuters Tuesday.

One of the surprise performers this week has been Trump Media which rose near 22 percent Monday, and was up another 8.76 percent Tuesday. The stock closed at $51.51 for a gain of $4.15.

Following are the closing quotes for the key U.S. stock markets Tuesday:

The Standard and Poor's 500 ended the day slightly higher at 5,832.97, up by 9.45 points, translating to a 0.16 percent gain. Trading volumes reached 2.529 billion shares, reflecting steady investor interest.

In contrast, the Dow Jones Industrial Average (DJIA) slipped by 154.52 points, closing at 42,233.05, a decline of 0.36 percent. The day's trading volume stood at 370.45 million shares, as blue-chip stocks faced selling pressure.

The technology-heavy NASDAQ Composite surged 145.56 points to finish at 18,712.75, an increase of 0.78 percent. A total of 5.807 billion shares were traded, indicating robust activity in tech-related stocks.

Global Foreign Exchange Market Update Tuesday's FX Quotes

The foreign exchange market saw mixed movements on Tuesday, with currencies displaying varying strength against the US dollar.

The Euro / US Dollar (EUR/USD) showed minor growth, trading at 1.0813, an increase of 0.02 percent.

Meanwhile, the US Dollar / Japanese Yen (USD/JPY) edged higher Tuesday, reaching 153.41, marking a 0.09 percent gain.

The US Dollar / Canadian Dollar (USD/CAD) moved up by 0.23 percent to trade at 1.3920.

The British Pound / US Dollar (GBP/USD) advanced by 0.26 percent, closing at 1.3004.

The US Dollar / Swiss Franc (USD/CHF) strengthened by 0.29 percent, settling at 0.8675.

In contrast, commodity-linked currencies slid against the dollar on Tuesday. The Australian Dollar / US Dollar (AUD/USD) fell by 0.43 percent to 0.6554, and the New Zealand Dollar / US Dollar (NZD/USD) slipped by 0.26 percent to 0.5963.

The US Dollar Index saw a marginal decline, falling 0.01 percent to 104.31.

Global Stock Markets Reflect Mixed Sentiment on Tuesday's Close

Stock markets across the globe presented a mixed picture at the close of trading on Tuesday, with European markets trending downward, while several Asian indices recorded gains. Currency indices also showed slight fluctuations as investors assessed economic signals and currency movements. Below is a summary of Tuesday's major market performances:

CANADA

  • Canada's S&P/TSX Composite Index remained virtually flat, closing at 24,562.55, down by 3.11 points or 0.01 percent. Trading volumes were recorded at 200.525 million shares.

UNITED KINGDOM

  • FTSE 100 fell by 66.01 points, or 0.80 percent, to close at 8,219.61.

EUROPE

  • DAX Performance Index in Germany slipped by 53.55 points, or 0.27 percent, ending at 19,478.07.
  • CAC 40 in France dropped 45.83 points, down 0.61 percent, to finish at 7,511.11.
  • Euro Stoxx 50 declined 19.81 points, losing 0.40 percent, to close at 4,950.02.
  • Euronext 100 Index dipped 6.09 points Tuesday, or 0.41 percent, to settle at 1,476.14.
  • BEL 20 in Belgium fell by 17.06 points, or 0.40 percent, to close at 4,284.44.
  • MSCI Europe decreased 14.24 points, shedding 0.66 percent, to close at 2,135.84.

ASIA

  • Hang Seng Index in Hong Kong climbed by 101.78 points, or 0.49 percent, to 20,701.14.
  • SSE Composite Index in Shanghai shed 35.79 points, losing 1.08 percent, to close at 3,286.41.
  • Nikkei 225 in Japan climbed 298.15 points, gaining 0.77 percent to close at 38,903.68.
  • STI Index in Singapore gained 6.28 points Tuesday, or 0.18 percent, to close at 3,590.36.
  • S&P BSE Sensex in India advanced 363.99 points, gaining 0.45 percent to end at 80,369.03.
  • IDX Composite in Indonesia lost 28.03 points, or 0.37 percent, to close at 7,606.60.
  • FTSE Bursa Malaysia KLCI rose 4.61 points, up 0.29 percent, to finish at 1,615.08.
  • KOSPI Composite Index in South Korea added 5.37 points, or 0.21 percent, to close at 2,617.80.
  • TSEC Weighted Index in Taiwan dropped 271.48 points, or 1.17 percent, ending at 22,926.59.

OCEANIA

  • S&P/ASX 200 in Australia added 27.70 points on Tuesday, rising 0.34 percent to finish at 8,249.20.
  • All Ordinaries increased by 27.70 points Tuesday, or 0.33 percent, to 8,505.90.
  • S&P/NZX 50 in New Zealand gained 11.75 points, increasing by 0.09 percent, to 12,783.36.

MIDDLE EAST

  • TA-125 Index in Israel advanced by 17.61 points, rising 0.81 percent, to 2,190.62.
  • EGX 30 Index in Egypt fell by 153.50 points, or 0.50 percent, to close at 30,620.00.

AFRICA

  • Top 40 USD Net TRI Index in South Africa dipped by 8.44 points Tuesday, down 0.18 percent, to 4,810.91.

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