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Afternoon Note

Entering Earnings Season

By John Jean, Research Analyst
10/14/2024 1:32 PM

All major indices are up today as we enter into the earnings season, with the Nasdaq Composite leading the way up 0.89%.

The only sector in the red is Energy (XLE), as oil prices have moved lower. The two sectors neck and neck for the top spot are Technology (XLK), up 1.08%, and Utilities (XLU), up 1.07%.

Nvidia (NVDA) is helping move Technology and the market higher, as it retests its prior all-time high.

We are entering Extreme Greed territory today.

The ten-year treasury yield is continuing higher today, up 2.5 basis points (bps).


 

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