U.S. stock markets were minimally volatile on Tuesday as General Motors soared 10.4% after strong results, offsetting a sharp decline in GE Aerospace shares.
- S&P500: 5,851.20 ⬇️ 0.0047% decrease
- Nasdaq Composite: 18,573.13 ⬆️ 0.18% increase
- Dow jones industrial average: 42,924.89 ⬇️ 0.016% decrease
- STOXX Europe 600: 520.40 ⬇️ 0.21% decrease
- CSI300: 3,957.78 ⬆️ 0.57% increase
- Nikkei 225: 38,411.96 ⬇️ 1.39% decrease
- Bitcoin: $67,466.16 ⬆️ 0.15% increase
US: Stocks fall amid rising yields and profit expectations
Tuesday’s trading session was quiet, with the S&P 500 down less than 0.1%, following a slight decline on Monday that ended a six-week winning streak. The Dow Jones Industrial Average fell 0.016%, while the Nasdaq Composite rose 0.18% led by tech stocks. General Motors had its best day since 2020, rising nearly 10% after reporting better-than-expected profits and sales. However, despite strong profits, GE Aerospace fell 9% after reporting lower-than-expected revenue, weighing on the market.
Europe: Moderate decline despite outperforming SAP revenues
European markets fell on Tuesday, with the Stoxx Europe 600 index down 0.21% as concerns about US bond yields weighed on investor sentiment. SAP was a bright spot, with shares soaring 5% after the German software giant beat profit estimates. However, the overall market remains under pressure as other sectors, particularly healthcare and utilities, continue to lag.
China: Slight increase as a sense of caution spreads throughout the market
The Chinese market showed resilience, with the CSI 300 rising 0.57%, led by gains in real estate stocks. Despite global market uncertainty, Chinese indexes rose as traders awaited upcoming corporate earnings reports. Meanwhile, Hong Kong’s Hang Seng rose 0.1% as investors remained cautiously optimistic about further economic support from the government.
Japan: Stock prices fall ahead of national and US elections
The Nikkei Stock Average fell 1.39% as opinion polls showed that the ruling party may lose its majority in the October 27 general election. A sharp decline in financial and tech stocks led the decline, with Uniqlo owner Fast Retailing also taking a big hit, down 3.18%. Investors also worried that President Trump’s rise in U.S. polls could usher in further inflation.
And the financial year-end season continues…
This week is a week of huge profits. 112 companies in the S&P 500 report. Tesla, Coca-Cola, IBM and Boeing reported on Wednesday.
