Stock Market News Today: S&P 500 Jumps After Resilient Jobs Report
The 261,000 jobs added in October "don't suggest inflation is likely to slow at the rate the Fed is looking for," Orion's Rusty Vanneman told Insider.
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The 261,000 jobs added in October "don't suggest inflation is likely to slow at the rate the Fed is looking for," Orion's Rusty Vanneman told Insider.
The solid October jobs report gave hope to some investors that a soft economic landing is possible despite the Fed's aggressive rate hikes.
Just over half of S&P 500 companies have reported Q3 results so far. Of those companies, 72% are beating profit estimates by a median of 5%.
Investors are awaiting third-quarter earnings results from Alphabet and Microsoft after the market close on Tuesday.
Third-quarter earnings results from Netflix, United Airlines, and Intuitive Surgical beat analyst expectations.