The Nasdaq-100 Index ($NDX) closed at 20,387.70 on October 30, 2024, marking a significant increase from its September close of 20,060.69. However, it remains 1.6% away from closing October down for the month. The index's performance has been influenced by recent earnings reports, particularly from Alphabet, which contributed to upward movement in the Nasdaq futures ($NQ). Traders noted that the $NQ reached its daily target, and the index is currently at a critical institutional risk level. The S&P 500 Index ($SPX) is also nearing its September close, indicating a potential monthly decline. Overall, October has been characterized as a consolidation month following strong rallies in August and September, with expectations for a more robust performance in November and December.