Here are five key points investors should be aware of as they prepare for the trading day:
1. Market Performance
Stock prices declined on Tuesday as escalating tensions in the Middle East overshadowed investor optimism regarding a strong earnings season. The Dow Jones Industrial Average fell by 173.18 points, or 0.41%, while the S&P 500 decreased by 0.93%, and the Nasdaq Composite experienced a decline of 1.53%.
2. Missile Strike
Iran launched a ballistic missile strike against Israel on Tuesday, further heightening tensions in the region. This attack, which Iran claimed was a retaliation for the recent killing of Hezbollah leader Hassan Nasrallah and an Iranian commander in Lebanon by Israel, occurred shortly after Israel had deployed ground forces into southern Lebanon.
3. Vice Presidential Debate
Republican Senator JD Vance of Ohio and Democratic Governor Tim Walz of Minnesota faced off in the only vice presidential debate of the campaign season on Tuesday evening in New York.
4. Company Developments
With a new CEO in place, Nike announced a strategic shift. On Tuesday, the company withdrew its full-year guidance and postponed its investor day as long-time executive Elliott Hill prepares to assume leadership of the athletic giant. Instead, executives indicated that Nike will provide quarterly guidance for the remainder of the year.
5. Sales Performance
General Motors reported slightly better-than-expected sales for the third quarter, attributing this performance to increased demand for small crossovers and electric vehicles.
Source (CNBC)
