{"id":48283,"date":"2024-10-25T11:01:37","date_gmt":"2024-10-25T11:01:37","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-rebounds-amid-strong-earnings-and-economic-data\/48283\/"},"modified":"2024-10-25T11:01:37","modified_gmt":"2024-10-25T11:01:37","slug":"stock-market-today-sp-500-rebounds-amid-strong-earnings-and-economic-data","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-rebounds-amid-strong-earnings-and-economic-data\/48283\/","title":{"rendered":"Stock Market Today: S&#038;P 500 Rebounds Amid Strong Earnings and Economic Data"},"content":{"rendered":"<p>The stock market showed signs of recovery on Friday, October 25, 2024, as investors digested a flurry of corporate earnings reports and encouraging economic data. The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> index broke its three-day losing streak, buoyed by strong performances from tech giants and positive economic indicators.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-rebounds-amid-strong-earnings-and-economic-data\/48283\/#Market_Performance_Major_Indexes_on_the_Rise\" >Market Performance: Major Indexes on the Rise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-rebounds-amid-strong-earnings-and-economic-data\/48283\/#Why_is_the_Market_Up_Today\" >Why is the Market Up Today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-rebounds-amid-strong-earnings-and-economic-data\/48283\/#Notable_Stock_Movements\" >Notable Stock Movements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-rebounds-amid-strong-earnings-and-economic-data\/48283\/#Economic_Outlook_and_Market_Sentiment\" >Economic Outlook and Market Sentiment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-rebounds-amid-strong-earnings-and-economic-data\/48283\/#Global_Market_Context\" >Global Market Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-rebounds-amid-strong-earnings-and-economic-data\/48283\/#Looking_Ahead_Market_News_Today\" >Looking Ahead: Market News Today<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Performance_Major_Indexes_on_the_Rise\"><\/span>Market Performance: Major Indexes on the Rise<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of midday trading:<br \/>&#8211; The S&#038;P 500 ($SPX) (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SPY\">SPY<\/a>) climbed 0.20%<br \/>&#8211; The Nasdaq 100 ($IUXX) (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=QQQ\">QQQ<\/a>) gained 0.63%<br \/>&#8211; The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average ($DOWI) (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DIA\">DIA<\/a>) slipped 0.31%<\/p>\n<p>The slight dip in the Dow was primarily due to disappointing results from some of its components, including International Business Machines (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=IBM\">IBM<\/a>) and Honeywell International (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HON\">HON<\/a>).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_is_the_Market_Up_Today\"><\/span>Why is the Market Up Today?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several factors contributed to today&#8217;s market optimism:<\/p>\n<p>1. <b>Strong Corporate Earnings<\/b>: Over 27% of S&#038;P 500 companies have reported third-quarter results, with 76% surpassing analyst expectations . This earnings season has demonstrated the resilience of corporate America in the face of economic challenges.<\/p>\n<p>2. <b>Tesla&#8217;s Stellar Performance<\/b>: Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>) shares surged more than 16% after reporting its biggest quarterly profit in a year, providing a significant boost to the S&#038;P 500 and Nasdaq .<\/p>\n<p>3. <b>Positive Economic Data<\/b>: The latest economic indicators paint a picture of a robust economy:<br \/>   &#8211; Weekly jobless claims unexpectedly fell to 227,000, signaling a strong labor market .<br \/>   &#8211; The October S&#038;P manufacturing PMI rose to 47.8, exceeding expectations .<br \/>   &#8211; September new home sales reached a 16-month high of 738,000 .<\/p>\n<p>4. <b>Declining Treasury Yields<\/b>: The 10-year Treasury yield dropped 2.6 basis points to 4.220%, easing some pressure on equities .<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Notable_Stock_Movements\"><\/span>Notable Stock Movements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&#8211; <b>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>)<\/b>: Up 16% on strong Q3 results<br \/>&#8211; <b>United Parcel Service (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=UPS\">UPS<\/a>)<\/b>: Gained over 5% after beating Q3 EPS estimates<br \/>&#8211; <b>International Business Machines (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=IBM\">IBM<\/a>)<\/b>: Down 6% on lower-than-expected Q3 revenue<br \/>&#8211; <b>Honeywell International (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HON\">HON<\/a>)<\/b>: Fell more than 4% after cutting its full-year sales forecast<br \/>&#8211; <b>Newmont (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NEM\">NEM<\/a>)<\/b>: Dropped over 8% on weak Q3 sales<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Outlook_and_Market_Sentiment\"><\/span>Economic Outlook and Market Sentiment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The recent market performance and economic data have bolstered optimism for a &#8220;soft landing&#8221; scenario, where inflation is brought under control without triggering a recession. Paul Hickey, co-founder of Bespoke Investment Group, commented on the recent market volatility, stating, &#8220;It&#8217;s a rough day, but these days happen&#8221; .<\/p>\n<p>Investors are closely monitoring the Federal Reserve&#8217;s next moves. Currently, the market is pricing in a 95% chance of a 25 basis point rate cut at the November 6-7 FOMC meeting .<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Market_Context\"><\/span>Global Market Context<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>European markets showed resilience, with the pan-European Stoxx 600 up 0.25% in early trading . Asian markets were mixed, with South Korea narrowly avoiding a technical recession as its Q3 GDP grew 0.1% quarter-on-quarter .<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Market_News_Today\"><\/span>Looking Ahead: Market News Today<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we move into the final quarter of 2024, investors will be keeping a close eye on:<br \/>1. Ongoing earnings reports, with about 20% of S&#038;P 500 companies set to report this week .<br \/>2. The Federal Reserve&#8217;s upcoming policy decision and its impact on interest rates.<br \/>3. Geopolitical tensions, particularly in the Middle East, which continue to influence market sentiment.<\/p>\n<p>In conclusion, today&#8217;s market performance reflects a delicate balance between strong corporate earnings, positive economic indicators, and ongoing global uncertainties. As always, investors are advised to stay informed and maintain a diversified portfolio in these dynamic market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stock market showed signs of recovery on Friday, October 25, 2024, as investors digested a flurry of corporate earnings [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94],"tags":[4,177,293,478,489,3806,3807,3808],"class_list":["post-48283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-tsla","tag-nem","tag-ibm","tag-ups","tag-hon","tag-spy","tag-qqq","tag-dia"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=48283"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48283\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=48283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=48283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=48283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}