Stock Market News for Oct 28, 2021 – Zacks

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The Dow and the S&P 500 ended their winning streak to finish lower on Wednesday, while the Nasdaq ended little changed, as investors digested a slew of earnings from some of the tech giants.

Stocks declined on Wednesday after registering record closes earlier in the week as robust earnings reports from some of the biggest American corporations gave investors’ confidence a boost.

On Wednesday, the Bank of Canada came up with a surprise announcement that it would end its bond-buying program and warned of inflation through 2023.

Treasury Yields fell for the fourth day in a row, declining over 6 basis points to put it back on track for its biggest single-day decline since Aug 13.

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Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.

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