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Stock Market Today Stocks End Choppy Session With a Loss

A burst of buying power sent stocks higher mid-morning, but the markets couldn't maintain the momentum. (opens in new tab) (opens in new tab) (opens in new tab) Newsletter sign up Newsletter (Image credit: Getty Images) By Karee Venema published 20 October 2022 The stock market kept investors on edge Thursday as markets bounced between positive and negative territory throughout the day.

9 Top Energy ETFs to Buy Now Stocks initially opened lower as investors heard news that Liz Truss resigned as the United Kingdom's prime minister after a short and tumultuous tenure. However, the markets quickly turned higher amid well-received earnings reports from telecom AT&T (T (opens in new tab), +7.7%) and tech giant International Business Machines (IBM (opens in new tab), +4.7%). Not all stocks rose after earnings, though, with Tesla (TSLA (opens in new tab)) slumping 6.7% after the electric car maker said it will likely miss its 2022 deliveries target, blaming "an increase in the cars in transit at the end of the year."

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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 Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice. But the market's midday momentum couldn't be maintained, with stocks reversing course again around lunchtime. The Dow Jones Industrial Average ended the day down 0.3% at 30,333, while the S&P 500 Index (-0.8% at 3,665) and the Nasdaq Composite (-0.6% at 10,614) also chalked up modest losses. "Quickly looking ahead to tomorrow, it is options expiration so be on the lookout for some additional volume and volatility around the open and the close," says Michael Reinking, senior market strategist at the New York Stock Exchange. "Earnings will once again be in focus. There is no economic data in the U.S., but overnight we get Japan inflation, U.K. retail sales and European Union (EU) consumer confidence." Included in those earnings reports are social media firm Snap (SNAP (opens in new tab)), which reports tonight, and credit card company American Express (AXP (opens in new tab)), which will unveil its results ahead of tomorrow's open.

Are Stocks Cheap Enough to Buy

Are stocks cheap enough to start buying? That's a question many investors may be asking themselves following the S&P 500's nearly 20% decline over the past 12 months.

10 Cheap Stocks to Buy for $10 or Less Answering that question is not an easy task. On one hand, the forward price-to-earnings (P/E) ratio for the S&P 500 is at its lowest point since the March 2020 crash, and technical indicators are pointing to more short-term upside for stocks. But on the other, signs are suggesting the volatility seen throughout 2022 will continue and the stock market has yet to hit a bottom. "We anticipate that financial markets are likely to continue to trade day-to-day in reaction to economic reports and/or comments by Fed officials," says Scott Wren, senior global market strategist Wells Fargo Investment Institute. "We advise to exercise patience in the near term, and expect potential better opportunities in the broader equity market next year." Read on as we explore what this all means for investors looking for bargains in today's market.

Hedge Funds' 21 Top Blue-Chip Stocks to Buy Now Explore More Stock Watch Markets Stock Market Today Tesla (TSLA) American Express (AXP) Snap (SNAP) International Business Machines (IBM) AT&T (T) Karee VenemaContributing Editor, Kiplinger.comWith over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis. 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 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 Stock Market Today: Stocks Post-Fed Pop Reverses After Powell Takes the Mic It was a volatile session on Wall Street as investors parsed over the Fed's latest policy statement and Powell's presser. By Karee Venema • Published 2 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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