Stock market today: S&P 500 posts back-to-back losses for first time since September as rally stalls
Published On Oct 22, 2024, 4:17 PM
US stocks ended mixed with the S&P 500 and Dow down slightly while the Nasdaq saw a minor increase. Concerns about the Federal Reserve's interest rate policies and upcoming earnings reports contributed to this volatility. General Motors raised its profit guidance, boosting its shares over 10%, while GE Aerospace and Verizon saw declines in their stocks after their earnings reports disappointed. Walmart announced it would soon offer same-day prescription delivery, with a small positive reaction in its stock. Market trends indicate investors are cautious as they anticipate how geopolitical tensions and economic policies, particularly surrounding the presidential election, could affect markets.