Stocks rise amid earnings deluge, with Big Tech to come: Stock market news today

) inched higher to 4.84%, shaking off a slide earlier in the morning in another sign of volatility. On Monday, the yield topped 5% to reach its highest level since 2007, then sank in whipsaw action.to its highest level since the 2022 crypto crash, thanks to speculation the SEC is about to approve an ETF linked to the token.The S&P 500 had fallen five-straight days entering Tuesday's trading sessions.

In addition to striking at GM plants in Wentzville, Mo., and Lansing, Mich., the UAW is striking at all GM parts and distribution centers, crippling the automaker’s ability to service customers’ cars and provide parts to other assembly plants. On Monday morning, the UAWto third quarter profits due to the ongoing strike. JPMorgan analyst Ryan Brinkman estimated that GM is likely losing $21 million a day due to plant and parts distribution center closures..

"Our expectations are now that we will consistently be in the black moving forward," Spotify CFO Paul Vogel said on the company's third quarter earnings call on Tuesday."Obviously, you never know what can happen in any one quarter, but we feel good that we're on a different trajectory and we've hit an inflection point with respect to profitability of the business."

Late last quarter, Spotify hiked the price of its ad-free premium subscription plan by $1 to $10.99 a month — a long-awaited change as the companyThe company's Duo plan rose by $2 to $14.99 while the family plan increased by $1 to $16.99. The student plan also went up by $1 to $5.99 a month.Manufacturing demand increased for the first time in six months during the month of October, according to new data released on Tuesday.

“Hopes of a soft landing for the US economy will be encouraged by the improved situation seen in October," Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said in the release."The S&P Global PMI survey has been among the most downbeat economic indicators in recent months, so the upturn in US output growth signaled at the start of the fourth quarter is good news.

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