Hand bags are displayed at Macy’s Herald Square store on December 17, 2023 in New York City.
Kena Betancur | Corbis News | Getty Images
My top 10 things to watch Friday, Oct. 25
1. Wall Street is on pace for a higher open as the yield on the benchmark 10-year Treasury note was little changed, hovering just below 4.2%. The bond market has been a thorn in the side of equities lately. The Nasdaq, S&P 500 and Dow enter Friday lower for the week.
2. The Federal Trade Commission picked up a huge win when a U.S. judge blocked the $8.5 billion merger between Tapestry, which owns brands including Coach and Kate Spade, and Capri Holdings, which owns Versace and Michael Kors. The judge said the tie-up would reduce competition in the market for so-called affordable luxury handbags.
3. Tesla shares have more room to run, even after posting their best day in more than a decade Thursday, up nearly 22% in response to earnings. The reason is Elon Musk’s electric vehicle maker is much further along on self-driving technology than people think. Club holding Nvidia‘s chips help power Tesla’s self-driving systems.
