Stock Market today - 10 things to know with detail
- 1. The stock market ended mixed today, with the Dow Jones Industrial Average closing down 0.2%, the S&P 500 up 0.1%, and the Nasdaq Composite up 0.6%.
- 2. Technology stocks led the gains, with big names like Apple, Amazon, and Microsoft all posting gains.
- 3. Energy stocks were the biggest losers, as oil prices fell amid concerns about oversupply and weakening demand.
- 4. The Federal Reserve announced that it will start reducing its monthly bond purchases in November, a move that could lead to higher interest rates in the future.
- 5. In economic news, new home sales fell 6.6% in September, missing expectations and raising concerns about the strength of the housing market.
- 6. Investors also digested earnings reports from a number of major companies, including Tesla, Facebook, and Boeing.
- 7. Tesla reported better-than-expected earnings, sending its stock soaring in after-hours trading.
- 8. Facebook's earnings beat estimates, but the company warned of slowing revenue growth in the coming quarters, causing its stock to drop.
- 9. Boeing reported a larger-than-expected loss in the third quarter, sending its stock tumbling.
- 10. Overall, investors are keeping a close eye on corporate earnings, economic data, and the Federal Reserve's actions as they try to gauge the health of the economy and the direction of the stock market.