An hour ago
10 out of 11 sectors are expected to end in the red this month
Eight of the 11 sectors ended Thursday’s trading session in negative territory. The communications services sector was the laggard, down 2.58%, while real estate was the best performer, up 2.15%.
Eight sectors also posted negative numbers this week, again reflecting the downward trend in communications services. The sector is down 6.38%, on track to post its worst weekly performance since February this year. Utilities are the best-performing sector this week, up 3.11%.
Continuing this theme, 10 sectors are expected to end the month in negative territory. Consumer discretionary is down the most month to date at 7.93%, on pace for its worst monthly performance since December 2022. Utilities is the best-performing sector this month, up 1.53%.
—Lisa Kailai Han, Christopher Hayes
An hour ago
The major averages have been on track for three consecutive losing months
Stock prices are weakening from the decline, with all three major averages poised for a third straight month of declines.
In October, the S&P 500 fell 3.52%. The Nasdaq Composite is down 4.72% and the Dow Jones Industrial Average is down 2.16%.
If the month ends with losses for the indexes, it will be the first time since March 2020 that the Dow and S&P 500 have posted three consecutive months of decline.
The last time the Nasdaq fell for three months in a row was in June 2022.
-Darla Mercado, Chris Hayes
2 hours ago
Stocks making the biggest moves after the bell: Intel, Amazon and more
These are the stocks moving the most in after-hours trading:
Amazon – Shares of the e-commerce giant rose 3.8% after beating analysts’ sales and profit forecasts in the third quarter.
Intel – Shares traded nearly 9% higher in the after-hours after the semiconductor chipmaker beat third-quarter earnings.
Chipotle Mexican Grill – The burrito chain rose more than 2% in extended trading as earnings results beat Wall Street expectations, according to an LSEG analyst survey.
Read the full list of moving stocks here.
—Lisa Kailai Han
2 hours ago