Stocks Dip As Yields Rise

October 21, 2024

MRKT Matrix - Monday, October 21st

• Dow drops more than 350 points as Wall Street’s rally takes a breather (CNBC)

• Decade of Big S&P 500 Gains Is Over, Goldman Strategists Say (Bloomberg)

• Insiders Are Selling Into the Great Bull Market of 2024 (Bloomberg)

• Disney Says It Will Hire a New C.E.O in ‘Early 2026’ (NY Times)

• Microsoft to roll out new autonomous AI agents next month, fending off challenge from Salesforce (CNBC)

• AI Startup Perplexity in Funding Talks to More Than Double Valuation to $8 Billion (WSJ)

• Crises at Boeing and Intel Are a National Emergency (WSJ)

• JPMorgan Figures Show Surging Dollar Demand as US Election Nears (Bloomberg)

• Chinese Banks Slash Lending Rates to Bolster Ailing Economy (Bloomberg)

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