turned positive Tuesday, with the Dow snapping a four-day losing streak and rising 200 points. The S&P 500 and Nasdaq Composite were also up for the day. Investors were focusing on the latest earnings reports, which are coming in fast. Around 150 S&P 500 companies are slated to report this week. They also continue to watch the Treasury yields closely. Meanwhile, there were some standouts.
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan.report Tuesday morning. Just hours after the automaker said it had healthy profits and record third-quarter revenue, the UAW announced that roughly 5,000 of its members wouldof a highly profitable full-size SUV plant in Texas."Another record quarter, another record year.
Here's a bonus sixth thing, which is that basically nothing has changed: There's still no speaker of the House of Representatives. Majority Whipto secure the nomination for speaker after several rounds of closed-door voting Tuesday morning. But, in a now-familiar cycle, he dropped his bid for speaker just hours later when it became clear that he didn't have enough votes to clinch the spot.
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