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Stocks surge to kick off October and a new quarter as bond yields tumble, Dow closes up 760 points
By Samantha Subin & Tanaya Macheel
Stock market news live updates: Stocks soar for second straight day as October relief rally intensifies
By Alexandra Semenova
S&P 500 closes lower Wednesday after two days of strong gains
By Sarah Min & Tanaya Macheel
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Formerly TwitterLiz Ann Sonders
LizAnnSonders
Relatively strong bounce today with all sectors moving higher; Tech led advance while Financials came in second (latter is doing better YTD) … rally today was friendly to large and small caps, but former continues to outpace latter on YTD and MTD basis pic.twitter.com/xsnhxlxsbc
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Liz Ann Sonders
LizAnnSonders
This week will be busiest of 1Q24 earnings season as >1/3 of S&P 500 constituents will announce, including 4 of the Mag7 (Alphabet, Meta, Microsoft and Tesla); former 3 have outperformed S&P 500 YTD, not same for Tesla, dragging down S&P Composite 1500 Autos
@SPDJIndices pic.twitter.com/TXtrJrQESf
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Ryan Detrick, CMT
RyanDetrick
How rare was Friday?
More than 300 stocks in S&P 500 were green, yet the index was down 0.9%.
Using data back to 1998 that happened only ONE OTHER TIME.
10/2/20 saw 313 stocks up, but it fell 1.0%.
Again, things are improving under the surface if you look at the data.
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Dow rallies more than 1,500 points in two days, S&P 500 posts best 2-day gain since 2020
By Alex Harring & Tanaya Macheel