Wall Street continues its rise FinanceAffairs.com

Wall Street continues its rise  FinanceAffairs.com

Wall Street indexes rose on Tuesday, with the S&P 500 and Nasdaq hitting three-week highs. This occurred as a result of signals that the Fed may become more conservative with further interest rate hikes in the future.

The Standard & Poor’s 500 index rose 0.52 percent to 4,357.71 points, while the Nasdaq technology index rose 0.58 percent to 13,562.84 points. Industrial heavyweight Dow Jones rose 0.40 percent to 33,739.30 points. The VIX, also called the fear index, fell 4.29 percent to 16.94.

The ten-year interest rate in the United States fell slightly to 4.66 percent. The bond market was closed on Monday due to Columbus Day, so there was no movement yesterday.

Weapon stocks increased after the attack

The conflict between Israel and Palestine has left its mark on the market in many ways.

Sturm, Ruger & Co., the largest U.S. gun manufacturer, rose nearly 1.5% on Tuesday. Since Friday, the share has risen nearly 5 percent. Smith & Wesson, which is more than 150 years old, also grew by about 1.5 percent. Ammunition producer Vista Outdoor’s stock rose nearly 3 percent.


Energy prices fell slightly on Tuesday. Brent crude fell 0.05 percent to $87.6 a barrel. barrel, while West Texas Intermediate crude fell by 0.15 percent to $85.84 per barrel.

Oil futures fell, following yesterday’s gains, as investors worried about Iran’s involvement in the Hamas attack. The Wall Street Journal wrote on Sunday that Iranian military officers helped Hamas plan and coordinate the attack. Investors are concerned about how Iran’s involvement will impact crude oil supplies.

See also  Oslo Börz opens down | finansavisin


The owner of Facebook Meta, Amazon, Netflix, Apple, and Alphabet (aka FAANG stocks) had a mixed day on the stock market on Tuesday:

  • Meta rose 1.09 percent to $321.84.
  • Amazon shares rose 0.95 percent to $129.48.
  • Netflix stock fell 3.27 percent to $373.20.
  • Apple shares fell 0.34 percent to $178.50.
  • Alphabet shares fell 0.26 percent to $138.10.

After presenting quarterly numbers, PepsiCo shares rose about 2%, as did competitor Coca-Cola.

Bloomberg wrote that China is considering issuing new debt worth one trillion yuan, equivalent to 137 billion US dollars. This helps lift the market.

Truist Financial Bank shares rose 6.4 percent following reports that the bank is in talks to sell its insurance brokerage unit to Stone Point for about $10 billion. Shares of automaker Rivian Automotive rose 5 percent after UBS upgraded shares of the electric vehicle maker to buy.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

Leave a Reply

Your email address will not be published. Required fields are marked *