On Tuesday, October 22nd, U.S. markets closed mixed as investors focused on rising Treasury yields and anticipated upcoming earnings reports to gauge the health of American companies.

The Nasdaq eked out a modest gain, while the Dow and S&P 500 saw slight declines. Treasury yields, particularly the 10-year note, reached 4.222%, their highest since July, as markets reassessed the Federal Reserve’s policy path.

According to the economic data, the composite manufacturing index for the U.S. Fifth District was reported at -14 in October, an improvement from the previous month’s reading of -21.

Most S&P 500 sectors ended lower, with industrials, materials, and utilities suffering the biggest losses and consumer staples and communication services gaining.

The Dow Jones Industrial Average dipped 0.02% to close at 42,924.89, the S&P 500 slipped 0.05% to 5,851.20, while the Nasdaq Composite edged up 0.18% to finish at 18,573.13.

Asia Markets Today

Eurozone at 05.45 AM ET

• The European STOXX 50 index was down 0.23%.
• Germany’s DAX declined 0.01%.
• France’s CAC fell 0.36%.
• U.K.’s FTSE 100 traded lower by 0.20%.

Commodities at 05.45 AM ET

U.S. Futures at 05.45 AM ET

Dow futures were down 0.40%, S&P 500 futures fell 0.18%, and Nasdaq 100 Futures slid 0.27%.

Forex at 05.45 AM ET

• The U.S. dollar index rose 0.25% to 104.33, the USD/JPY rose 1.10% to 152.72, and the USD/AUD gained 0.37% to 1.5022.
• The U.S. dollar surged to near three-month highs, driven by rising Treasury yields, diminished expectations for Fed rate cuts, and increased confidence in a Trump election victory, boosting safe-haven demand.

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