Stock Market Today Stocks Close Mixed on Muddled Earnings and Econ Data
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(opens in new tab) Markets got an early lift from a better-than-expected reading on third-quarter gross domestic product (opens in new tab). The U.S. economy rebounded after two consecutive quarters of contraction to grow at an annual rate of 2.6% in Q3. That topped economists' estimates for annualized growth of 2.4%.
A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.
Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.
In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more.
Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.
Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts. Latest 4 Ways You Can Take Advantage of a Down Market With markets down for the year, it may seem that all the news is bad. But now could be a good time to make some profitable moves. By Adam Grealish • Published 11 November 22 New, Used or Leased: Is Now the Time to Buy an Electric Vehicle? The Inflation Reduction Act created new tax breaks for electric vehicles. Here's a guide to which EVs count and the best time to buy. By Rivan V. Stinson • Published 11 November 22 You might also like Stock Market Today: Stocks Lift Off After Encouraging Inflation Report The major market indexes rallied to their best day in two years after data showed inflation slowed in October. By Karee Venema • Published 10 November 22 Stock Market Today: Stocks Snap Win Streak as Midterm Results Roll In A continued selloff in cryptocurrencies and crypto-related stocks put pressure on the broader market today, too. By Karee Venema • Published 9 November 22 Stock Market Today: Huge Crypto Deal Shakes Up Nasdaq News that crypto exchange Binance will buy its rival sent Bitcoin and several tech stocks into a tailspin. By Karee Venema • Published 8 November 22 Stock Market Today: Stocks Rise Ahead of Midterms The Dow outperformed thanks to a major M&A-related boost for drugstore chain Walgreens Boots Alliance. By Karee Venema • Published 7 November 22 Why Facebook Parent Meta Platforms is a Bargain Buy Some pros say that cost cuts (including expected massive layoffs) and a deeply discounted valuation make the one-time high flyer META a value play now. By Dan Burrows • Last updated 10 November 22 Stock Market Today: Stocks Swing Wildly After October Jobs Data The major indexes ended with their first win of the week thanks to the latest jobs report. By Karee Venema • Published 4 November 22 Kiplinger's Weekly Earnings Calendar (Nov. 7-11) stocks Check out our earnings calendar for the upcoming week. By Karee Venema • Last updated 9 November 22 Stock Market Today: Stocks Fall Again as Fed Hangover Persists The major market indexes notched a fourth straight loss as Powell's rate-hike warning kept investor sentiment in check. By Karee Venema • Published 3 November 22 View More ▸ kiplinger About Us (opens in new tab) Terms and Conditions (opens in new tab) Privacy Policy (opens in new tab) Cookie Policy (opens in new tab) Kiplinger is part of Future plc, an international media group and leading digital publisher. Visit our corporate site.
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Stock Market Today Stocks Close Mixed on Muddled Earnings and Econ Data
Conflicting earnings news and a strong headline GDP report that was weak under the hood made for a turbulent session. (opens in new tab) (opens in new tab) (opens in new tab) Newsletter sign up Newsletter (Image credit: Getty Images) By Dan Burrows published 27 October 2022 Stocks closed mixed Thursday in a seesaw session driven by conflicting corporate earnings reports and a cloudy picture on the health of the U.S. economy. Strong earnings from Caterpillar (CAT (opens in new tab), +7.8%) helped the Dow Jones Industrial Average end the day in the green, rising 0.6% to close at 32,036. But a disappointing revenue forecast from Facebook parent Meta Platforms (META (opens in new tab), -24.6%) after Wednesday's close weighed on the Nasdaq Composite. The tech-heavy index slumped 1.6% to finish at 10,792. The broader S&P 500, meanwhile, somewhat split the difference, closing off 0.6% at 3,807. 5 Best Dow Dividend Stocks to Buy Now(opens in new tab) Markets got an early lift from a better-than-expected reading on third-quarter gross domestic product (opens in new tab). The U.S. economy rebounded after two consecutive quarters of contraction to grow at an annual rate of 2.6% in Q3. That topped economists' estimates for annualized growth of 2.4%.
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Profit and prosper with the best of Kiplinger's expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of Kiplinger's expert advice - straight to your e-mail. Sign up The optimism was short-lived, however, as underlying components of the GDP report suggested that an economic slowdown remains the most likely scenario (opens in new tab) in 2023. Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.The Best Dividend Stocks You Can Count On
Thursday's session was full of twists and turns, and that should remind investors that heightened volatility remains the order of the day. Stocks had been grinding higher since mid-October on encouraging third-quarter earnings reports. Given that this was supposed to be the worst earnings season (opens in new tab) since the height of COVID-19 lockdowns, the market's bullishness over reports that turned out brighter than forecast made sense. But lackluster results from mega-cap technology companies Google parent Alphabet (GOOGL (opens in new tab)) and cloud-computing giant Microsoft (MSFT (opens in new tab)) earlier this week put an end to the good feelings. Meta Platforms only added to the dour mood. With Amazon.com (AMZN (opens in new tab)) and Apple (AAPL (opens in new tab)) set to report after Thursday's closing bell, tomorrow's session could be a real doozy. Is It Time To Buy Bank Stocks Now? Happily, investors looking to smooth out their returns in turbulent times have a number of options. Low-volatility exchange-traded funds (opens in new tab) are a cheap and easy way to own a diversified portfolio of stocks that tend to hold up better when the market is selling off. Dividend payers in defensive sectors, such as the best consumer staples stocks (opens in new tab) or the best Dow dividend stocks (opens in new tab), will also stand patient investors in good stead. Folks who can maintain truly long horizons can't go wrong with the creme de la creme of dividend growth stocks. The S&P 500 Dividend Aristocrats is an index of companies that have raised their payouts for at least 25 consecutive years. Heck, two of the components extended their streaks in just the past couple of days. Have a look at the 65 best dividend stocks (opens in new tab) you can count on for reliable and rising dividends. 65 Best Dividend Stocks You Can Count On in 2022 (opens in new tab) Explore More Stock Watch Markets Stock Market Today Microsoft (MSFT) Alphabet/Google (GOOG) Caterpillar (CAT) Meta Platforms (FB) Amazon.com (AMZN) Apple (AAPL) Dan BurrowsSenior Investing Writer, Kiplinger.comDan Burrows is a financial writer at Kiplinger, having joined the august publication full time in 2016.A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.
Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.
In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more.
Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.
Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts. Latest 4 Ways You Can Take Advantage of a Down Market With markets down for the year, it may seem that all the news is bad. But now could be a good time to make some profitable moves. By Adam Grealish • Published 11 November 22 New, Used or Leased: Is Now the Time to Buy an Electric Vehicle? The Inflation Reduction Act created new tax breaks for electric vehicles. Here's a guide to which EVs count and the best time to buy. By Rivan V. Stinson • Published 11 November 22 You might also like Stock Market Today: Stocks Lift Off After Encouraging Inflation Report The major market indexes rallied to their best day in two years after data showed inflation slowed in October. By Karee Venema • Published 10 November 22 Stock Market Today: Stocks Snap Win Streak as Midterm Results Roll In A continued selloff in cryptocurrencies and crypto-related stocks put pressure on the broader market today, too. By Karee Venema • Published 9 November 22 Stock Market Today: Huge Crypto Deal Shakes Up Nasdaq News that crypto exchange Binance will buy its rival sent Bitcoin and several tech stocks into a tailspin. By Karee Venema • Published 8 November 22 Stock Market Today: Stocks Rise Ahead of Midterms The Dow outperformed thanks to a major M&A-related boost for drugstore chain Walgreens Boots Alliance. By Karee Venema • Published 7 November 22 Why Facebook Parent Meta Platforms is a Bargain Buy Some pros say that cost cuts (including expected massive layoffs) and a deeply discounted valuation make the one-time high flyer META a value play now. By Dan Burrows • Last updated 10 November 22 Stock Market Today: Stocks Swing Wildly After October Jobs Data The major indexes ended with their first win of the week thanks to the latest jobs report. By Karee Venema • Published 4 November 22 Kiplinger's Weekly Earnings Calendar (Nov. 7-11) stocks Check out our earnings calendar for the upcoming week. By Karee Venema • Last updated 9 November 22 Stock Market Today: Stocks Fall Again as Fed Hangover Persists The major market indexes notched a fourth straight loss as Powell's rate-hike warning kept investor sentiment in check. By Karee Venema • Published 3 November 22 View More ▸ kiplinger About Us (opens in new tab) Terms and Conditions (opens in new tab) Privacy Policy (opens in new tab) Cookie Policy (opens in new tab) Kiplinger is part of Future plc, an international media group and leading digital publisher. Visit our corporate site.
© Future US, Inc. Full 7th Floor, 130 West 42nd Street, New York, NY 10036.