MULN - Why Are Stocks Up Today?
2023-10-23 11:57:45 ET
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Stocks are up today as investors react to ongoing economic struggles and rising treasury yields.
The big news that investors will note today is that the 10-year Treasury yield jumped above 5% for a brief period of time on Monday morning. That’s worth highlighting as it’s the first time this has happened since 2007.
While rising treasury yields are often a problem for the stock market, investors weren’t too bothered by the news today. The fact rates didn’t stick above 5% for longer is potentially easing investor concerns about the safety of these investments.
Also worth noting are the ongoing conflicts overseas. The Russia-Ukraine War is still ongoing as is the conflict between Israel and Hamas. Investors can also add continued budget arguments in Congress and the possibility of higher interest rates to the mix of news affecting the stock market today.
Let’s check out how the major stock indices are reacting to all of this news below!
Stocks Up Today: Major Stock Indices Rising
- Starting us off is the S&P 500 , which is up 0.32% as of Monday morning.
- Next on our list is the Dow Jones Industrial Average with only a 0.02% gain as of this writing.
- Finally, the Nasdaq Composite closes us out with a 0.61% increase this morning.
Investors that are seeking out even more of the most recent stock market stories for Monday will want to keep reading!
We have all of the biggest stock market coverage that traders will need to know about today! A few examples of that include an update on a Mullen Automotive (NASDAQ: MULN ) lawsuit, what’s happening with Apple (NASDAQ: AAPL ) stock today and price drops from Fisker (NYSE: FSR ). All of that news is ready to go down below!
More Stock Market News for Monday
- MULN Stock: Mullen Provides Update on Broker-Dealer Lawsuit
- Why Is Apple (AAPL) Stock Down Today?
- FSR Stock Alert: What to Know as Fisker Drops Prices
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines .
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