Dow Hits Record High Amid Earnings Surge, Crypto Markets Remain Unmentioned
The Dow Jones Industrial Average soared to a historic close at 46,940.81 on October 21, fueled by robust earnings from Coca-Cola and 3M. Both stocks surged 4% and 8% respectively, outpacing Wall Street expectations. General Motors joined the rally with a 15% leap after revising guidance and mitigating tariff concerns.
While blue chips celebrated, the S&P 500 flatlined and the Nasdaq dipped 0.16%, highlighting divergences in traditional markets. Regional bank Zions Bancorp gained 2% despite loan portfolio worries, contrasting with tech sector softness that went unnamed in early reports.