1. Stock Market Decline
Stocks retreated on Tuesday due to heightened tensions in the Middle East.
The Dow dropped 173 points, while the S&P 500 and Nasdaq fell 0.93% and 1.53%, respectively.
Tech stocks, including Tesla, Nvidia, and Apple, experienced sharp declines.
2. Missile Attack on Israel
Iran launched a ballistic missile attack on Israel in retaliation for Israel’s killing of Hezbollah leader Hassan Nasrallah and an Iranian commander.
Most of the 200 missiles were intercepted, and there were no fatalities reported in Israel.
U.S. crude oil prices surged by more than 2% following the attack.
3. Vice Presidential Debate
Republican Senator JD Vance and Democratic Governor Tim Walz debated, discussing topics such as abortion, immigration, and the Middle East conflict.
Both candidates expressed support for Israel.
4. Nike’s Earnings and Guidance Withdrawal
Nike withdrew its full-year guidance and postponed its investor day as a new CEO prepares to take over.
The company reported mixed results: it beat earnings expectations but fell short on revenue, with shares dropping 7%.
5. General Motors’ Q3 Sales Report
GM reported a slight decline in sales, beating industry expectations with a 2.2% decrease.
EV sales increased 60% year-over-year, but they still represent a small portion of total sales.
Toyota saw an 8% drop, while Honda experienced an 8% rise in sales.
This provides investors with a brief overview of significant events affecting the market.
Stocks retreated on Tuesday due to heightened tensions in the Middle East.
The Dow dropped 173 points, while the S&P 500 and Nasdaq fell 0.93% and 1.53%, respectively.
Tech stocks, including Tesla, Nvidia, and Apple, experienced sharp declines.
2. Missile Attack on Israel
Iran launched a ballistic missile attack on Israel in retaliation for Israel’s killing of Hezbollah leader Hassan Nasrallah and an Iranian commander.
Most of the 200 missiles were intercepted, and there were no fatalities reported in Israel.
U.S. crude oil prices surged by more than 2% following the attack.
3. Vice Presidential Debate
Republican Senator JD Vance and Democratic Governor Tim Walz debated, discussing topics such as abortion, immigration, and the Middle East conflict.
Both candidates expressed support for Israel.
4. Nike’s Earnings and Guidance Withdrawal
Nike withdrew its full-year guidance and postponed its investor day as a new CEO prepares to take over.
The company reported mixed results: it beat earnings expectations but fell short on revenue, with shares dropping 7%.
5. General Motors’ Q3 Sales Report
GM reported a slight decline in sales, beating industry expectations with a 2.2% decrease.
EV sales increased 60% year-over-year, but they still represent a small portion of total sales.
Toyota saw an 8% drop, while Honda experienced an 8% rise in sales.
This provides investors with a brief overview of significant events affecting the market.