Stock Market Today: October 14th - 18th, 2024

Welcome to the trading week of October 14th!

Dow jumps 100 points to close at a record, major averages extend rally to third week: Live updates



The Dow Jones Industrial Average climbed to a fresh record on Friday as traders digested new data that pointed to further progress in lowering inflation. Wall Street also posted three straight positive weeks.

The 30-stock Dow added 137.89 points, or 0.33%, ending at 42,313.00. The blue-chip average posted a closing record and reached an all-time high during the session. The S&P 500 ticked down 0.13% to 5,738.17, while the Nasdaq Composite lost 0.39% to end at 18,119.59. A 2% decline in Nvidia weighed on the technology-heavy index.

The major averages each extended their gains to a third week, with the S&P 500 and the Dow rising about 0.6% for the period. The Nasdaq advanced nearly 1% during the week.

Traders received encouraging inflation data that could give the central bank more reason to confidently cut interest rates further. August’s personal consumption expenditures price index — the Federal Reserve’s favored measure of inflation — increased 0.1%, matching expectations from economists polled by Dow Jones. PCE increased 2.2% at an annualized pace, below the 2.3% forecast.

Policymakers and investors alike are hoping for persistent cooling in monthly inflation figures, allowing for continued easing of borrowing costs that will ease the strain on corporate and household balance sheets.

“To the extent that inflation remains under control – and we continue to trend in that direction – the Fed can focus almost entirely on the labor market, which means a rate-cutting bias,” said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance. “As the Fed cuts rates – especially in the absence of recessionary growth – it is a great tailwind for both stock and bond markets and should eventually provide some relief for those consumers that are more interest-rate sensitive.”

Wall Street is coming off a winning session, after a batch of data assured investors of the strength of the U.S. economy. Initial jobless claims fell more than expected in the latest week, indicating a strong labor market, while the final reading of second-quarter gross domestic product came in at a robust 3%.

This past week saw the following moves in the S&P:


S&P Sectors End of Week:


Major Indices End of Week:



Major Futures Markets End of Week:


Economic Calendar for the Week Ahead:
(T.B.A.)

What to Watch in the Week Ahead:
(N/A.)

 

(ZH DAILY MARKET POST TO BE EDITED IN AFTER FRIDAY'S MARKET CLOSE.)

 

(T.B.A.)

 

Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD in 2024-



S&P sectors for the past week-

 

Here are the current major indices pullback/correction levels from 52WK highs as of week ending 10.11.24-


Here is also the pullback/correction levels from current prices


Here are the current major indices rally levels from 52WK lows as of week ending 10.11.24-

 

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Here are the upcoming IPO's for this week-

(T.B.A.)

 

Stock Market Analysis Video for October 11th, 2024
Video from AlphaTrends Brian Shannon
(VIDEO NOT YET POSTED.)

ShadowTrader Video Weekly 10/13/24
Video from ShadowTrader Peter Reznicek
(VIDEO NOT YET POSTED.)

 

StockBoarders! Come join us on our stock market competitions for this upcoming trading week ahead!-

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StonkForums Weekly Stock Picking Contest & SPX Sentiment Poll (10/14-10/18) <-- click there to cast your weekly market direction vote and stock picks for this coming week ahead!

Daily SPX Sentiment Poll for Monday (10/14) <-- click there to cast your daily market direction vote for this coming Tuesday ahead!

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It would be pretty sweet to see some of you join us and participate on these!

I hope you all have a fantastic weekend ahead!

 

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Here are the most anticipated Earnings Releases for this upcoming trading week ahead.

***Check mark next to the stock symbols denotes confirmed earnings release date & time***

Monday 10.14.24 Before Market Open:

Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES!

Monday 10.14.24 After Market Close:

Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Tuesday 10.15.24 Before Market Open:

Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Tuesday 10.15.24 After Market Close:

Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Wednesday 10.16.24 Before Market Open:

Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Wednesday 10.16.24 After Market Close:

Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Thursday 10.17.24 Before Market Open:

Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Thursday 10.17.24 After Market Close:

Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Friday 10.18.24 Before Market Open:

Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Friday 10.18.24 After Market Close:

Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES!

(NONE.)

 

And finally here is the most anticipated earnings calendar for this upcoming trading week ahead-
(T.B.A. THIS WEEKEND.)

If you guys want to view the full earnings post please see this thread here-

• Most Anticipated Earnings Releases for the week beginning October 14th, 2024 <-- click there to view!