US stocks slightly slip as investors await key earnings

From Investing.com: 2024-10-21 09:37:05

U.S. stocks slipped slightly on Monday, consolidating near record levels as investors await key earnings from the technology sector. Positive bank and tech earnings pushed Wall Street indexes to all-time highs last week, but momentum is now stalling due to upcoming Fed meeting and U.S. election uncertainties. Tesla, major chipmakers, defense firms, and telecom giants are set to report earnings this week. Boeing faces scrutiny over its cash position amid a strike. Activist investor Starboard Value takes stake in Kenvue, while Spirit Airlines reaches agreement to maintain credit-card processing. Economic calendar quiet this week, with focus on housing sector reports and Fed Beige Book. Oil prices rebound after last week’s losses, with uncertainty surrounding China’s demand outlook and Middle East conflict impact on supply.



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