CNBC Daily Open: High interest rate worries pressure stocks
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U.S. markets mixed on October 21, 2024; Nasdaq Composite rose while S&P 500 and Dow Jones fell, ending Dow's three-day winning streak; 10-year Treasury yield increased by almost 12 basis points to around 4.19%; Hyundai Motor India's shares fell over 5% on debut after IPO raised $3.3 billion; gold prices reached record high of $2,700 per ounce with predictions to hit $3,000 in 6-9 months; U.S. reviewing investment restrictions in key technologies in China, final rules expected soon; inflation decreased from 9.1% in June 2022 to 2.4% in September 2024; Minneapolis Fed President Neel Kashkari noted the economy's resilience despite rate hikes.

#Stocks #InterestRates #Gold #Economy #Ipo #Hyundai #TreasuryYield #Inflation #China #Biotechnology

https://www.cnbc.com/2024/10/22/cnbc-daily-open-high-interest-rate-worries-pressure-stocks.html