Market Moves by GBC

Market Moves by GBC

Share this post

Market Moves by GBC
Market Moves by GBC
9. Weekly Market Recap: Key Movements & Insights

9. Weekly Market Recap: Key Movements & Insights

πŸ“Š Stock Market Reaches New Heights Amid Mixed Signals

Golden Bear Capital's avatar
Golden Bear Capital
Oct 12, 2024
βˆ™ Paid
1

Share this post

Market Moves by GBC
Market Moves by GBC
9. Weekly Market Recap: Key Movements & Insights
1
Share

The U.S. stock market ended a volatile week on a high note, with the Dow Jones Industrial Average and S&P 500 closing at record levels. The S&P 500 surpassed 5,800 for the first time, while the Dow gained over 400 points. The Nasdaq Composite rose modestly, and the Russell 2000 outperformed with a significant jump.

Financial stocks led the rally, buoyed by strong earnings reports from major banks like JPMorgan Chase, Wells Fargo, and BlackRock. However, Tesla's shares tumbled following a disappointing Robotaxi reveal, dragging down the consumer discretionary sector.

Recent economic data painted a mixed picture. The September Producer Price Index came flat, while the core PPI met expectations. The preliminary October consumer sentiment data showed a slight decline. These figures have led investors to speculate on the Federal Reserve's future rate decisions, with the market now believing the Fed won't halt rate cuts.

The Treasury market had a muted response, with the 10-year yield settling…

Keep reading with a 7-day free trial

Subscribe to Market Moves by GBC to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
Β© 2025 Golden Bear Capital
Privacy βˆ™ Terms βˆ™ Collection notice
Start writingGet the app
Substack is the home for great culture

Share