TheDrop Market Analysis, 10/22/24

Alexangel Ventura
Oct 22, 2024
1 min read

Markets cooled to its worst days since early September.

All index funds are down by marginal levels, apart from the Nasdaq, which reported a minor increase. Meanwhile, the S&P reported its first streak in the decline since early September, a dangerous precedent for the near future of the stock market.

What led the Nasdaq's growth. One company, Google, is to blame. Google surged today as a result of investor confidence in its upcoming earnings report, which is expected to send waves throughout the market. AMD and Nvidia, however, suffered some losses as the chip surge cools off.

GE Aerospace falls almost 10% after a failed earnings report. DJT continues to surge as the former president improves in both the polls and early voting data. Lumen fell dramatically as its very brief period of growth following its collaborative announcement with Meta wears down.

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TheDrop Market Analysis, 10/22/24

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