Nasdaq Tests Record Highs, as Alphabet Earnings Beat
Skerdian Meta•Tuesday, October 29, 2024•1 min read
Amid continued uncertainty in risk sentiment, major U.S. market indices closed the day with mixed outcomes. The NASDAQ, however, ended close to its July peak of 18,648 points. Ahead of major earnings announcements, the Nasdaq showed resilience, buoyed by gains in chipmakers and Meta, finishing the day up nearly 1%.
Closing Price for Main U.S. Indices
- Dow Jones Industrial Average fell by 154.06 points, or -0.36%, closing at 42,233.51.
- S&P 500 Index edged up by 9.56 points, or 0.16%, to finish at 5,833.08.
- NASDAQ Index climbed 145.56 points, or 0.78%, reaching 18,712.75.
- Russell 2000 (Small-Cap) slipped by 5.97 points, or -0.27%, ending at 2,223.08.
The NASDAQ led gains for the session, while the Dow and Russell 2000 saw slight declines. Alphabet’s earnings results exceeded expectations substantially, pushing its stock up 3% to its highest level since July. Alphabet shares rose $5.37, trading at $175.00, as both revenue and earnings came in above forecasts:
Nasdaq Chart Daily – Closing Near the July High
Alphabet Earnings
- Earnings Per Share (EPS): $2.12 (vs. $1.84 estimated)
- Revenue: $88.279 billion (vs. $86.31 billion estimated)
S&P 500 Live Chart
S&P500
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR
See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals