Stocks surged after a blue wave in the midterm elections today as investors repositioned for a Democratic Congress.
Stocks surged after a blue wave in the midterm elections today as investors repositioned for a Democratic Congress.
Buying in big cap technology stocks at the start of the fourth quarter (Q4) pushed the S&P 500, NASDAQ and NASDAQ 100 (NDX) to new all-time highs. However, disappointing earnings reports and growing concerns about the sustainability of AI-related cash flows triggered a late-month technology selloff
The major averages tried to find firmer footing under October's slide this week but a steep selloff in technology stocks left the S&P 500 and NASDAQ at their lows for the month.
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 25736.51 | 364.5 | 1.44% | 10.73% |
| DJ UTILITIES | 1113.69 | 0.97 | 0.09% | 4.27% |
| DJ TRANSPORT | 20830.98 | 231.3 | 1.12% | 20.01% |
| DJ INDUSTRIALS | 53356.12 | 1569.4 | 3.03% | 11.01% |
| NYSE COMPOSITE | 24686.13 | 379.09 | 1.56% | 12.19% |
| S & P 100 INDEX | 3795.07 | 68.25 | 1.83% | 10.57% |
| RUSSELL 2000 | 2856.95 | 44.5 | 1.58% | 15.11% |
| S&P 500 | 7688.62 | 119.7 | 1.58% | 12.32% |
| CBOE MKT VOLATILITY | 16.61 | -4.22 | -20.26% | 11.1% |
| AMEX COMPOSITE | 8187.35 | -225.2 | -2.68% | 19.23% |
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