S&P 500 futures are little changed after index posts three straight losing days: Live updates

Published On Oct 23, 2024, 6:05 PM

The article discusses recent fluctuations in the stock market, noting that S&P 500 futures are stable after three consecutive days of losses. Tesla's stock increased by 11% following a strong earnings report, while IBM's shares dropped nearly 3% due to missed revenue expectations. The Dow suffered significant losses, with a drop of over 400 points, and this decline has been attributed to rising Treasury yields, which have pressured stock prices. Although there's concern regarding potential market volatility following the upcoming U.S. presidential election, experts believe that the overall market conditions remain strong due to robust earnings and economic indicators.

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Stock Forecasts

TSLAView TSLA chart on TradingView

Positive

Tesla reported better-than-expected quarterly earnings, driving stock prices higher and indicating strong demand and growth prospects. Given the positive outlook, it's likely that Tesla will continue to see upward momentum as investors are encouraged by its performance and future potential.

IBMView IBM chart on TradingView

Negative

IBM's recent earnings report revealed disappointing consulting revenue, leading to a drop in stock price. This performance may reflect ongoing challenges within the company, potentially leading to further declines as analysts reassess their expectations for IBM's growth.

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