Stock market today: Dow slips as S&P 500, Nasdaq wobble with flood of earnings ahead

Published On Oct 21, 2024, 9:34 AM

Stocks experienced slight declines on Monday as investors prepared for an important week filled with earnings reports from top companies. The S&P 500 fell by nearly 0.1% after reaching an all-time high, and the Dow Jones also decreased. Key earnings from Tesla, General Motors, and Boeing are anticipated this week, with Tesla's performance especially crucial after its recent disappointments. The 10-year Treasury yield increased as oil prices saw a rise, influenced by Chinese economic stimulus measures.

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Stock Forecasts

TSLAView TSLA chart on TradingView

Positive

Expectations for Tesla's upcoming earnings report are critical, especially following recent setbacks. If the report exceeds expectations, this could lead to a positive trend for the stock.

BAView BA chart on TradingView

Positive

Boeing's potential recovery is closely tied to the outcome of the strike vote on the same day as their earnings report. A favorable vote and results could lead to a recovery in stock prices, although current struggles remain a worry.

XLEView XLE chart on TradingView

Positive

Oil price increases might suggest a strong demand outlook, benefiting energy-related stocks and ETFs if the trends continue.

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