Stock market today: Dow, Nasdaq, S&P 500 recover from lows as Treasury yields hit highest level since July
Published On Oct 22, 2024, 2:39 PM
U.S. stocks fluctuated throughout the trading day, ultimately recovering from significant earlier losses. The Dow Jones and Nasdaq saw slight increases while concerns remain regarding the Federal Reserve's rate-cut strategy. GM raised its profit forecast, resulting in a share price surge of over 10%, while GE and Verizon shares dropped following weaker earnings reports. Walmart announced plans to roll out same-day prescription delivery, boosting its shares by 2%. With rising yields affecting rate-sensitive sectors and anticipation of Tesla's earnings report, investors are advised to navigate cautiously amid this volatile landscape.