MRKT Matrix Dow Rallies on Coca-Cola & 3M Earnings
Oct 21, 2025
The Dow hit a record close, buoyed by impressive earnings from Coca-Cola and 3M. Trump hinted at a productive meeting with Xi but acknowledged uncertainties. OpenAI debuted its new AI-powered browser, ChatGPT Atlas, challenging existing giants. Apple faces setbacks with its ambitious foldable iPad. Amazon plans to automate over half a million jobs, while Alibaba Cloud claims significant GPU savings with its innovative pooling system. Meanwhile, Warner Bros. is considering a strategic sale amidst growing interest.
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Earnings And Rate-Cut Optimism Lift Dow
- The Dow hit a record near 47,000 driven by strong Q3 results from Coca-Cola, 3M, and GM.
- Earnings momentum and expectations of a Fed rate cut are pushing markets higher into year-end.
Precious Metals Face A Sharp Correction
- Gold plunged nearly 6% after a record rally, while silver fell sharply.
- Analysts blame overbought conditions, easing safe-haven demand, and a stronger dollar for the sell-off.
Trump-Xi Meeting Raises Trade Stakes
- Trump confirmed a meeting with Xi on Oct. 31 and signaled potential for a strong trade deal.
- He warned tariffs could rise to 155% if talks fail, heightening market sensitivity to the summit.