Stock market today: Nasdaq closes at a record ahead of key tech earnings

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  • US stocks traded mixed connected Tuesday, pinch nan tech assemblage rallying up of cardinal net reports.
  • The S&P 500 and Nasdaq ended nan time successful nan green, pinch nan tech-heavy Nasdaq hitting a caller record.
  • Investors are waiting for Alphabet, AMD, Snap, and others to study aft nan bell.

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US stocks traded mixed connected Tuesday, pinch nan Nasdaq Composite rising to a caller grounds arsenic traders looked up to high-profile net reports. The tech-heavy scale and nan S&P 500 vanished nan time successful nan green, while enslaved yields wobbled.

Shares of Alphabet and Snap roseate 1%, while Advanced Micro Devices popped 3% arsenic investors awaited net aft nan closing bell.

Shares of Microsoft besides roseate 1%, while Meta shares climbed 2% arsenic traders anticipated their financials connected Wednesday. Apple, which held mostly steady, is connected platform to study connected Thursday.

Corporate profits person travel successful beardown truthful acold for nan quarter. The S&P 500 is connected way to station a nett profit separator of astatine slightest 12% for nan reporting period, which would people nan 2nd consecutive 4th it's done so, according to a FactSet analysis.

Traders are looking to a big fewer weeks for markets, pinch third-quarter GDP group to beryllium published Wednesday and nan October jobs study owed retired Friday. The Fed is owed to make its adjacent rates determination adjacent week, a time aft nan statesmanlike election.

Some doubts linger complete whether nan Fed will return liking rates arsenic debased arsenic immoderate investors initially hoped. Markets are pricing successful a 53% chance rates will enactment wrong 50 basis-points of their existent target scope astatine nan Fed's January meeting, up from 0% likelihood priced successful a period ago, according to nan CME FedWatch tool.

Here's wherever US indexes stood soon aft nan 9:30 a.m. opening doorbell connected Tuesday:

  • S&P 500: 5,832.92, up 0.16%

    Dow Jones Industrial Average: 42,233.05, down 0.36% (-154.52 points)

  • Nasdaq composite: 18,712.75, up 0.78%

Here's what other is going on:

  • A hint successful S&P 500 net calls suggests that firm profits are astir to boom, Bank of America says.
  • Here's what Wall Street is expecting for Meta's third-quarter net report.
  • The Fed is apt to disappoint markets pinch just 1 much complaint trim this year, according to BlackRock's Larry Fink.

In commodities, bonds, and crypto:

  • West Texas Intermediate crude lipid dipped 0.22% to $67.23 a barrel. Brent crude, nan world benchmark, held dependable astatine $70.74 a barrel.
  • Gold roseate 1.13% to $2,772.63 an ounce.
  • The 10-year Treasury output traded mostly arena astatine 4.274%.
  • Bitcoin popped 5.84% to $73,279.
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