Stock market today: Rising tech stocks send Nasdaq to a record

NEW YORK — Rising technology stocks sent the Nasdaq composite to a record, but trading was mixed along the rest of Wall Street. The S&P 500 rose 0.2% Tuesday, even though the majority of stocks in the index fell. Gains for Microsoft, Meta Platforms and other influential Big Tech stocks helped lift indexes, including the 0.8% gain for the Nasdaq that led it to top its own record set in July. The Dow Jones Industrial Average fell 0.4%.

Alphabet rose 2.1% ahead of its profit report scheduled to arrive after trading ends for the day. The parent company of Google will be the latest member of the influential group of stocks known as the “Magnificent Seven” to report its quarterly results, and each will have to deliver big growth to justify their high prices.They helped offset an 8% drop for Ford Motor, which said an underlying measure of profit for the full year will likely come in at the bottom end of its forecasted range.

Mortgage rates have been climbing recently because the 10-year Treasury yield has been charging higher. That’s after the Fed kicked off its rate-cutting campaign in September with a larger-than-usual reduction. Many traders were thinking just a month ago the Fed would follow up with another bigger-than-usual cut in November.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Nasdaq leads stock declines while oil spikes on Iran attackUS stocks sold off on Tuesday after Iran fired over 100 ballistic missiles against Israel.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq jump as TSMC outlook prompts chip stock rallyA monthly report on retail sales could provide clues to whether the Fed will go for 'no cut' at its next meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq slip as 10-year jumps past 4%Investors have overhauled their views on interest rate cuts after a blowout jobs report, ahead of a week of key inflation data and the start of earnings...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures climb as oil prices retreatThe focus is back on the ongoing debate over the economy and interest rates as headwinds ease.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq futures stall with Fed and Google breakup in focusInvestors are locked in debate over a 'no landing' for the economy, with Fed minutes on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq slip after hotter-than-expected inflation printInvestors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »