October 25th Morning Report

Friday 25th October 2024

US markets closed higher on Thursday, driven by Tesla's positive earnings forecast and a decline in Treasury yields from a three-month high, which buoyed market sentiment despite declines from some corporate results.

The Dow Jones Industrial Average closed down 0.33%, while the S&P 500 and Nasdaq Composite were up 0.22% and 0.76%.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.13%), the Dax 30 (+0.34%), CAC 40 (+0.08%) and the STOXX (+0.26%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.10%), HSI (-1.30%) and the Shanghai Composite (-0.68%).

The yield on the US 10 - year note was at 4.21%, while the 2 - year note was at 4.079%. Oil was up to $70.49 per barrel, down 0.40%. The gold price was at US$2749.20 per ounce, up 0.73%.