NEW YORK — U.S. stocks are edging lower, hurt by sharp drops for Ford Motor, JetBlue Airways and others as more companies report how much profit they made during the summer. The S&P 500 was 0.2% lower in early trading Tuesday, though it’s still near its all-time high set earlier this month. The Dow Jones Industrial Average was down 177 points, or 0.4%, while the Nasdaq composite was down 0.1%.
D.R. Horton sank 9.6% and it dragged own other homebuilders as well after its fourth quarter sales and profit declined and it failed to meet the expectations of industry analysts. Shares of Trump Media & Technology Group Corp. jumped 20% early Tuesday with one week remaining before Election Day.Also arriving Tuesday are reports on September job openings and consumer confidence. The latest layoffs data will be released Thursday, followed a day later by the crucial October jobs report — the last monthly read before the 2024 presidential election.
In Japan, the government reported that unemployment stood at 2.4% last month, marking an improvement of 0.1 percentage point, and the second straight month of recovery. The continuing weak yen is helping hold up Japanese stocks.
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