Stock market today: Indexes end mixed as traders assess rate path and brace for more earnings

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  • Stocks wavered and closed mixed connected Tuesday.
  • Doubts astir nan gait of complaint cuts shook shook stocks and bonds earlier this week.
  • Strong net continue, pinch Wall Street now focused connected Tesla's Wednesday report.

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US indexes ended mixed connected Tuesday arsenic investors adjusted their outlooks for complaint cuts for nan remainder of nan year.

The S&P 500 and nan Dow Jones Industrial Average dipped slightly, while nan Nasdaq edged up.

The benchmark S&P 500 added to losses from Monday's session, pulling backmost further from records notched past week arsenic investors adjusted their outlooks for complaint cuts. Commentary from respective Fed officials outlining expectations for a humble rate-cutting rhythm forced investors to recalibrate expectations of swift, steep complaint cuts.

The enslaved marketplace sold disconnected Monday successful response, and nan 10-year Treasury output jumped 11 ground points to hover astatine 4.2% connected Tuesday. On Tuesday. That marks nan cardinal enslaved yield's highest level successful three-months.

Still, investors expect much complaint cuts astatine coming meetings, and according to nan CME FedWatch Tool, nan likelihood of a quarter-point liking complaint trim adjacent period guidelines astatine 89.6%.

Meanwhile, net play has been mostly affirmative truthful far. Nearly one-fifth of S&P 500 companies person reported third-quarter results, and astir 80% person beaten profit estimates by 5%, Bank of America said.

General Motors roseate complete 10% Tuesday after topping forecasts connected Tuesday. Tesla and Boeing are scheduled to study connected Wednesday, followed by UPS connected Thursday.

Here's wherever US indexes stood astatine nan 4:00 p.m. closing doorbell connected Tuesday:

  • S&P 500: 5,851.20, down 0.05%
  • Dow Jones Industrial Average: 42,924.89, down 0.02% (-6.72 points)
  • Nasdaq composite: 18,573.13, up 0.18%

Here's what other happened today:

  • The Polymarket 'whale' is placing arsenic galore arsenic 71 bets a infinitesimal successful favour of Trump.
  • Russia's stiff assets are being utilized by nan UK for a $3 cardinal indebtedness to Ukraine.
  • Legendary investor Paul Tudor Jones said he's holding golden and bitcoin to hedge against post-election ostentation risk.
  • 'Flexible co-living' could thief bring down office-conversion costs and adhd lodging supply, caller study says.
  • What Wall Street is watching for successful Tesla's upcoming net report.

In commodities, bonds, and crypto:

  • West Texas Intermediate crude lipid was up 2.38% to $72.24 a barrel. Brent crude, nan world benchmark, jumped 2.23% to $75.94 a barrel.
  • Gold was higher by 0.80% to $2,760.9 an ounce.
  • The 10-year Treasury output accrued 1 ground constituent to 4.2%.
  • Bitcoin shed 0.17% to $67,533.29.
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