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● LIVE Updated 2h ago · 15 sources tracked

S&P 500 closes near flat, pressured by higher oil prices and memory chip stock losses

Wall Street finished mixed as the S&P 500 closed near flat, pressured by climbing oil prices and losses in memory chip stocks. The Dow Jones Industrial Average managed a gain of 0.38%, aided by strength in Salesforce, while the Nasdaq and the S&P 500 retreated in cautious trading. Investors balanced rising energy costs against corporate developments as a busy reporting period for major financial institutions began.

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  • ✓ The S&P 500 finished the session nearly flat, while the Dow gained 0.38% and the Nasdaq retreated.
  • ✓ Higher oil prices and losses among memory chip stocks weighed on market sentiment.
  • ✓ Big banks including JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo reported quarterly earnings.
🛡️ Source Corroboration: 15 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Major financial institutions released third-quarter earnings reports as a busy week of corporate results and inflation data got underway.

Live updates

  1. S&P 500 Closes Near Flat on Oil and Chip Losses

    Wall Street finished mixed as the S&P 500 closed near flat, pressured by climbing oil prices and losses in memory chip stocks. The Dow Jones Industrial Average managed a gain of 0.38%, aided by strength in Salesforce, while the Nasdaq and the S&P 500 retreated in cautious trading. Investors balanced rising energy costs against corporate developments as a busy reporting period for major financial institutions began.

    Why it matters

    Market participants are evaluating corporate financial health and macroeconomic pressures following hotter-than-expected inflation data. Major financial institutions including JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo reported quarterly results to kick off the earnings season.

    What is confirmed

    • The S&P 500 finished the session nearly flat, while the Dow gained 0.38% and the Nasdaq retreated.
    • Higher oil prices and losses among memory chip stocks weighed on market sentiment.
    • Big banks including JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo reported quarterly earnings.

    What to watch next

    • Additional third-quarter earnings reports from major corporations
    • Upcoming economic data releases and inflation metrics
    Sources used for this update (19)
    1. finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
    2. CNBC — Stock futures are little changed with big banks set to kick off earnings season: Live updates
    3. www.cnbc.com — Stock market today: Live updates - CNBC
    4. AP News — US stocks hover near their latest record in mixed trading on Wall Street
    5. Reuters — Oil surge keeps S&P 500, Nasdaq in check before earnings; Salesforce lifts Dow
    6. Barron's — U.S. Markets Ended Monday Mixed As Fair Isaac Led, Cerebras Systems Lagged
    7. MarketWatch — Dow climbs, but S&P 500 and Nasdaq finish lower as tech stocks struggle
    8. Yahoo Finance — Update: Equities Mixed at Close Ahead of Big Bank Earnings
    9. Los Angeles Times — U.S. stocks hover near their latest record in mixed trading on Wall Street
    10. finance.yahoo.com — Stock Market Today: S&P 500 Futures Pause Near Record Highs ...
    11. www.cnbc.com — Stock market today: Live updates - CNBC
    12. uk.finance.yahoo.com — Stock market today: Hot inflation report drops tech, drives S&P 500, Dow and Nasdaq down
    confidence 100%
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