Pre-Market Report – Friday 25 October: Dow falls for fourth day | Tech rallies, Tesla jumps 22%

US equities ended mixed, with the S&P 500 and NASDAQ gaining 0.21% and 0.76%, buoyed by gains in Tesla rallying 21.9%, its biggest rally since May 2013, following strong earnings and bullish forecasts. The Dow lost 141 points (0.33%) posting its fourth consecutive day of losses, its longest losing streak since June. Up 8 points at best. Down 323 at worst. Small firms Russell 2000 ticked 0.23% higher, and the VIX eased 0.83%. US treasuries eased a touch. 10Y yield fell 3.4bps to 4.21%, and 2Y yield ended flat at 4.08%. USD Index fell 0.38% while Bitcoin kicked 2.47% higher. On the economic front, US unemployment claims fell by 15k, and the S&P Global US Composite PMI rose to 54.3 in Oct-24, signalling solid business activity growth at the start of the fourth quarter.ASX SPI up 15 - Quarterlies and QAN.COMMODITIESOil prices ease on possible new Middle East ceasefire talks.Gold climbs on safety rush, supply threat bolsters palladium price.Newmont forecasts flat 2025 production, sees costs at similar levels.Biden administration approves ioneer's Nevada lithium mine.Goldman Sachs raises 2025 aluminum, copper price outlook.Global zinc market deficit widens in August, ILZSG says.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.