MSCI USA MID/INDUSTRIAL GRTR US (^653234-USD-GRTR)

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-13.83

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Stock market today: Tesla's post-earnings surge lifts Nasdaq, Dow extends losses

Tesla's surprisingly solid results and high-flying sales forecast are lifting hopes for a strong earnings season.

Yahoo Finance 22 minutes ago

^GSPC

^IXIC

^DJI
Tesla, ServiceNow report earnings, Boeing strike: Morning Brief

On today's episode of Morning Brief, Hosts Madison Mills and Seana Smith analyze the market open and break down some of the biggest stories of the trading day. The Nasdaq Composite (^IXIC) led stock gains Thursday morning, moving as high as 0.6% at the market open. The Dow Jones Industrial Average (^DJI) dipped by nearly 0.3% at the start of the trading day. Tesla (TSLA) added about $80 billion to its market cap after beating earnings-per-share estimates and announcing it expects to roll out autonomous ride-hailing in California and Texas in 2025. Wedbush Securities Managing Director & Senior Equity Analyst Dan Ives tells Morning Brief that margins were crucial this quarter: "That's been a huge part of the overhang on this story. They beat by 200 bps (basis points). Price cuts in the rearview mirror. And when you combine that with that growth forecast, I think whisper numbers called 10, 11%. They gave 20 and 30%. It's an Aaron Judge-like quarter," Ives states. As investors now await the rest of the "Magnificent Seven" earnings, Ayako Yoshioka, Wealth Enhancement Group senior portfolio manager, explains that there is a greater emphasis on the tech sector given its concentration in the S&P 500 (^GSPC). However, she notes that CapEx (capital expenditures) spending among hyperscalers will determine their leadership position moving forward. She tells Yahoo Finance, "I think they're going to evaluate it at some point and see whether or not they need to continue at the pace that they've been at over the last few quarters." ServiceNow (NOW) delivered robust third quarter earnings, exceeding expectations on both revenue and profit. Additionally, the cloud-computing platform raised its subscription revenue guidance. ServiceNow CFO Gina Mastantuono attributes ServiceNow's third quarter success to the company's achievements in generative AI, particularly its Now Assist feature. She calls it "the fastest growing new product in company history," and notes that the technology is "resonating" with businesses. Union workers rejected Boeing's (BA) latest labor contract proposal, prolonging the International Association of Machinists and Aerospace Workers' (IMA) strike that began in September. The aircraft manufacturer also reported third quarter results on Wednesday, revealing a $6 billion net loss for the quarter, which includes a $2 billion loss in its aerospace and defense programs. The 10-year Treasury yield (^TYX, ^TNX, ^FVX) is pushing back above 4.2% as investors digest what recent Federal Reserve commentary means for interest rates. Truist Co-Chief Investment Officer & Chief Market Strategist Keith Lerner explains, "What I'm encouraged by somewhat here is that when I look beneath the surface, and I look at what's called credit spreads, so are we seeing something systemic? We're seeing credit spreads near the lows." He continues, "So that's telling me that the yields are moving higher because investors are feeling more comfortable with economic growth. And at the same time, that's paring back on how aggressive the Fed will be." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl

Yahoo Finance Video 2 hours ago

BA

^DJI

TSLA
Nasdaq leads stocks gains as Tesla earnings push tech higher

The Nasdaq Composite (^IXIC) is leading stock gains Thursday morning, moving as high as 0.6% at the market open. The Dow Jones Industrial Average (^DJI) dips by nearly 0.3% at the start of the trading day. Yahoo Finance markets and data editor Jared Blikre checks out the market action after the opening bell as the tech sector ticks higher on Tesla's third quarter earnings results. The EV maker's stock is by over 16% this morning. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 5 hours ago

^NDX

^DJI

^IXIC
Fed will cut rates in November to 'save face': SEI CIO

The Federal Reserve's November meeting is approaching quickly, and investors are closely watching for potential rate cuts. But in today's economic climate, is a rate reduction truly beneficial for markets and the broader economy? SEI chief investment officer Jim Smigiel joins Market Domination to share his insights. "The facts on the ground are we have a relatively robust economy, we have a fairly strong consumer base, strong corporate base, and we have the Fed adding stimulus," Smigiel explains to Yahoo Finance. He points out that the market is grappling with the implications of Fed cuts during strong economic conditions, raising the question: "What are some of the ramifications of that?" particularly regarding yields. Regarding future rate adjustments, Smigiel suggests the Federal Reserve will likely implement a rate cut in November primarily to "save face." He characterizes the Fed's initial 50-basis-point cut as "a bit of a surprise" and potentially even a "policy error." Looking ahead to December, Smigiel sees another rate cut as "in question," though if the Fed does cut, he expects a more modest 25 basis point reduction. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith

Yahoo Finance Video 22 hours ago

^IXIC

^DJI

^GSPC
US Equity Indexes Mixed as Tesla Pushes Nasdaq, S&P 500 Higher Amid Declines in Treasury Yields

US Equity Indexes Mixed as Tesla Pushes Nasdaq, S&P 500 Higher Amid Declines in Treasury Yields

PREMIUM
MT Newswires 1 hour ago

TSLA

COMP
If You'd Invested $10,000 in Taiwan Semiconductor Manufacturing Stock 10 Years Ago, Here's How Much You'd Have Today (Spoiler: Wow!)

Spoiler: The value of your investment would go from five figures to six figures.

Motley Fool 1 hour ago

TSM

^GSPC
Aflac Incorporated (AFL): A Bull Case Theory

We came across a bullish thesis on Aflac Incorporated (AFL) on Pacific Northwest Edge’s Substack by David. In this article, we will summarize the bulls’ thesis on AFL. Aflac Incorporated’s share was trading at $112.14 as of Oct 23rd. AFL’s trailing and forward P/E were 11.82 and 15.95 respectively according to Yahoo Finance. Aflac (AFL), founded in […]

Insider Monkey 1 hour ago

AFL

^GSPC
Fiscal drag is damaging growth, says Bank rate-setter

Frozen personal tax thresholds are damaging economic growth, a Bank of England rate setter has warned.

The Telegraph 1 hour ago

^FTSE

COMP

TSLA
Tesla Stock Up 20%, Headed to Its Best Day in More Than a Decade

Tesla stock was up 20% at $257.13 in late afternoon trading. Shares are on pace for their largest percentage increase since May 9, 2013, when it rose 24.4%, according to Dow Jones Market Data. It is the second-best performer in the S&P 500 today, beyond Molina Healthcare, which is up 21%, and the most actively traded stock in the S&P 500.

Barrons.com 1 hour ago

TSLA

^GSPC
Midday stock movers: Tesla, Boeing, UPS, and more

Here are the stocks making the biggest market moves midday.

TheStreet 1 hour ago

BA

TSLA

UPS
Stocks Are Wavering—Along With the Market's Fear Gauge

The stock market is bouncing around this afternoon. The S&P 500 was rising slightly again after wavering for roughly an hour during a period where the VIX hit 20.24 before pulling back to 19.85. Any reading above 20 for the fear gauge is viewed as heightened volatility.

Barrons.com 2 hours ago

^GSPC

COMP
US Equity Indexes Mixed as Treasury Yields Retreat; Tesla Pushes Nasdaq Higher

US Equity Indexes Mixed as Treasury Yields Retreat; Tesla Pushes Nasdaq Higher

PREMIUM
MT Newswires 2 hours ago

TSLA

COMP

SPGI
Top Stock Movers Now: Tesla, Molina Healthcare, UPS, Honeywell, and More

The Dow and S&P 500 lost ground at midday Thursday, while the Nasdaq edged higher with Tesla leading gains on the tech-heavy index after the company's earnings topped estimates.

Investopedia 2 hours ago

TSLA

MOH

^GSPC
Dow Falls 300 Points. The S&P 500 Is Wavering, Too.

The Dow's struggles continued as the S&P turned lower. The Dow was down 316 points, or 0.7%, while the S&P was down 0.2%. The Nasdaq Composite was down 0.2%. For most of the morning, the S&P was rising broadly while the Dow lagged behind due to struggles among specific stocks in the blue-chip index.

Barrons.com 2 hours ago

^GSPC
Can Comerica (CMA) Run Higher on Rising Earnings Estimates?

Comerica (CMA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Zacks 2 hours ago

CMA

^GSPC
New Fortress Energy Appoints Andrew Dete as President Amid Leadership Shakeup

New Fortress Energy appoints Andrew Dete as president to strengthen leadership and boost sustainable energy growth

GuruFocus.com 3 hours ago

NFE

^GSPC
ETFs in Focus as IBM Reports Mixed Q3 Results

IBM beats estimates for earnings but lags the same for revenues.

Zacks 3 hours ago

IBM

^DJI
Waste Connections (WCN) Reports Q3 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Waste Connections (WCN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks 3 hours ago

WCN

^GSPC
Jobless Claims Come in Lower Than Expected

Jobless Claims Come in Lower Than Expected.

Zacks 4 hours ago

^GSPC

NOC
The S&P 500 Is Rising Broadly. The Dow Is Not.

The S&P 500 is rallying broadly as Wall Street reacts to the latest round of earnings reports and a pullback in bond yields, but the Dow can’t keep up. The Dow was down 101 points, 0.2%. The Nasdaq Composite was up 0.7%.

Barrons.com 4 hours ago

^GSPC

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