Stock market today: Indexes slip as traders digest GDP and inflation data ahead of more big earnings

• Stocks were mostly little connected Wednesday aft a caller batch of economical information points.
• US existent GDP accrued astatine an yearly complaint of 2.8% successful nan 3rd quarter.
• Wall Street is bracing for much tech earnings, pinch Meta owed to study aft nan closing bell.

US stocks wavered connected Wednesday arsenic a operation of information releases near investors pinch a beardown belief of nan US economy.

Third-quarter US existent GDP accrued astatine an annualized complaint of 2.8%. Though somewhat beneath forecasts, nan reference still points to a beardown system and isn't apt to ramp up nan urgency connected nan portion of nan Federal Reserve to quickly trim liking rates to prop up growth.

Meanwhile, nan individual depletion expenditures scale roseate 2.2% twelvemonth complete twelvemonth past month. The Fed's preferred ostentation gauge was somewhat higher than expected but still wrong striking region of nan cardinal bankers' 2% target.

"Growth up, ostentation down is precisely what you want to see. The Fed doesn't request to beryllium acrophobic of a unchangeable and increasing system to normalize rates this rhythm truthful agelong arsenic disinflation persists," Harris Financial Group managing partner Jamie Cox said.

Rounding retired Wednesday's information were backstage payrolls for October, which showed hiring roseate astatine nan fastest gait successful a year, expanding by 233,000, according to ADP.

The data, on pinch nan October nonfarm payroll study owed connected Friday, will pass nan Fed's adjacent move astatine its gathering adjacent week. The likelihood of a quarter-point liking complaint trim guidelines astatine 98.2%, according to nan CME FedWatch Tool.

Meanwhile, investors are monitoring a slew of upcoming net from cardinal companies. Alphabet shares surged 5% soon aft nan opening doorbell aft exceeding third-quarter net expectations.

Shares of Microsoft and Meta are besides trading higher arsenic traders expect their financial results connected Wednesday aft nan closing bell. Apple and Amazon are connected platform to study aft nan adjacent connected Thursday.

Here's wherever US indexes stood astatine nan 9:30 a.m. opening doorbell connected Wednesday:

• S&P 500: 5,832.88, down 0.01%

  Dow Jones Industrial Average: 42,214.85, down 0.04% (-18.20 points)

• Nasdaq composite: 18,727.14, up 0.11%

Here's what other is going on:

• UBS lists 3 user stocks that could spot net plunge under Trump's tariffs.
• Trump's Truth Social has overtaken nan valuation of Elon Musk's X.
• The predetermination rhythm has led to an detonation successful nan betting market.

In commodities, bonds, and crypto:

• West Texas Intermediate crude lipid roseate 1.58% to $68.26 a barrel. Brent crude, nan world benchmark, climbed 1.56% astatine $72.23 a barrel.
• Gold inched up 0.60% to $2,798 an ounce.
• The 10-year Treasury output fell 3 ground points to 4.238%.

Bitcoin slid 1.48% to $71,741.57.