Market Report Oct 19 2023

There was a notable and widespread market pullback during Wednesday's trading session. All major stock indices experienced declines of at least 1%.

The hit on the rally was primarily due to the 10-year Treasury yield surging to a new long-term high, nearing the 5% mark. Weak corporate earnings reports and cautious guidance also dampened stock performance, causing major indexes to breach essential support levels.

After the close TSLA reported earnings and saw price decline.

Javid Shaik

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