News-News.Zip

News in English (USA) / 25.10.2024 / 15:00

Stock Market Update: Tesla Earnings Propel Markets While Wall Street Faces Weekly Declines

U.S. stock futures showed modest gains amid a mixed trading session, although Wall Street is still on track for a weekly decline. Strong earnings from Tesla helped lift the S&P 500 and Nasdaq, allowing them to snap a three-day losing streak. Capital One recorded significant gains following positive earnings, while IBM faced its worst day in six months. Despite these highlights, the Dow Jones struggled, extending its losses for the fourth consecutive day. Economic data releases and rising borrowing costs cast a shadow over market stability, as Treasury yields eased but remain a concern for investors. Asian markets displayed divergence influenced by the robust performance of Tesla, highlighting the ongoing impact of corporate earnings on market dynamics.
CNBC, "Investors Business Daily", The Wall Street Journal, Bloomberg, Investopedia, Fortune, TheStreet, Yahoo Finance, TipRanks, MarketWatch