Top 10 things to watch Thursday, Oct. 24 CNBC's Matthew J. Belvedere with the help of Jeff Marks wrote this dispatch. 1. The S & P 500 was trying to break a three-session losing streak. Stocks were given some relief from lower bond yields, which have been recently rising despite the Fed's monetary easing. Bond traders have been pushing yields up, signaling central bankers were too heavy-handed with September's jumbo half-point interest rate cut. 2. Tesla shares were jumping 14.
CEO of Nvidia, Jensen Huang, speaks during the launch of the supercomputer Gefion, where the new AI supercomputer has been established in collaboration with EIFO and NVIDIA at Vilhelm Lauritzen Terminal in Kastrup, Denmark October 23, 2024.S&P 500 was trying to break a three-session losing streak. Stocks were given some relief from lower bond yields, which have been recently rising despite the Fed's monetary easing. Bond traders have been pushing yields up,toward a higher open after the EV maker beat on quarterly earnings per share . While missing on revenue, Elon Musk's prediction of 20% to 30% "vehicle growth" next year sparked investor buying. He cited "lower cost vehicles" and the "advent of autonomy.
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