US stocks recovered from session lows but finished the day mixed as investors digested a recent bond market sell-off and the next wave of earnings reports. The S&P 500 and Dow Jones Industrial Average closed just below the flatline, while the tech-heavy Nasdaq Composite ticked up around 0.2%. It was the first first back-to-back negative days for the S&P 500 since Sept. 6.
2% after Monday's sharp gains helped push it above that level for the first time since July. The bond selling has weighed on rate-sensitive stocks such as real estate, with rising yields typically a catalyst for stock drawdowns. On the earnings front, General Motors raised its guidance for the third time this year as upbeat EV sales helped deliver a quarterly profit and revenue beat. GM shares closed up more than 10%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rallyThe focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
S&P 500, stocks slip and close in the red after September CPIUS stocks (^DJI, ^IXIC, ^GSPC) stumble and close the day slightly to their downside after September's Consumer Price Index came out hotter than expected this...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks tick higher as S&P 500 eyes fresh recordInvestors are weighing the chances of another jumbo interest rate cut and China's launch of aggressive stimulus.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500, Nasdaq gain as US GDP data, chip stocks lift moodA double dose of optimism for the AI trade and for China's stimulus push is buoying the market ahead of Jerome Powell's comments.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500, Nasdaq futures rally as China stimulus, chip stocks lift moodA double dose of optimism for the AI trade and for China's stimulus push is buoying the market ahead of Jerome Powell's comments.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stock rally loses steam as S&P 500, Dow slip from recordsNow that the Fed has started cutting rates, the economy has taken to the fore for investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »