Rally Tries to Regain Momentum

Written By Timmy Adami

October 22, 2024

MRKT Matrix - Tuesday, October 22nd

  • Dow wipes out 200-point loss and turns positive as stocks try to regain momentum (CNBC)

  • S&P 500 Exposure Hits Levels That Preceded 10% Slide, Citi Says (Bloomberg)

  • Paul Tudor Jones says market reckoning on spending is coming after election: ‘We are going to be broke’ (CNBC)

  • America’s Most Famous Inflation Gauge Is Easing - But Some of Your Biggest Expenses Are Left Out (Bloomberg)

  • Simple Economic Explanations Keep Breaking Down. Here’s Why (WSJ)

  • Are the “Magnificent 7” Companies Top Contributors To Earnings Growth For the S&P 500 For Q3? (FactSet)

  • GM raises 2024 earnings guidance after easily topping Wall Street’s third-quarter expectations (CNBC)

  • Nuclear-Powered AI: Big Tech’s Bold Solution or a Pipedream? (WSJ)

  • Nike renews uniform partnership with NBA, WNBA as NFL opens bidding process to competitors (CNBC)

  • ASML Chief Sees US Pressure Building for More China Restrictions (Bloomberg)

  • Peloton partners with Costco to sell Bike+ as it looks to reach young, wealthy customers (CNBC)

Timmy Adami
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