US EditionPublished • loading... • Updated
Wall Street holds steady at the cusp of its records
Companies report mixed quarterly earnings as the S&P 500 remains just 0.2% below its all-time high, amid ongoing economic uncertainty from the U.S. government shutdown.
- On Tuesday, the U.S. stock market held near its record heights as companies reported summer profits, with the S&P 500 essentially unchanged and 0.2% below its all-time high.
- Because the U.S. government shutdown began on Oct. 1, corporate earnings reports have gained importance as the first key economic data since then.
- General Motors rallied 10.2% after reporting stronger quarterly results and raising some full-year forecasts, while Warner Bros. Discovery surged 10.6% and Coca-Cola and GE Aerospace also beat profit expectations.
- The Federal Reserve faces a tougher job weighing persistent inflation against a slowing jobs market, and the Commerce Department will release its consumer prices report on Friday to guide policy.
- Abroad, indexes rose 1.4% in Shanghai and 0.7% in Hong Kong on hopes President Donald Trump will meet Chinese President Xi Jinping later this month, while Japan's Nikkei 225 added 0.3% after Sanae Takaichi became prime minister.
Insights by Ground AI
14 Articles
14 Articles
Stocks hold steady on Wall Street as earnings reports roll in
The U.S. stock market is holding near its record heights as the floodgates open for companies reporting how much profit they made during the summer. The S&P 500 was little changed in early trading Tuesday. The Dow Jones Industrial Average…
Oskaloosa Herald+7 Reposted by 7 other sources
Wall Street holds steady at the cusp of its records
The U.S. stock market is holding near its record heights as the floodgates open for companies reporting how much profit they made during the summer. The S&P 500 was little changed in early trading Tuesday. The Dow Jones Industrial Average…
Coverage Details
Total News Sources14
Leaning Left8Leaning Right0Center2Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
C 20%
Factuality
To view factuality data please Upgrade to Premium
