Dow and S&P 500 Reach Record Highs Amid Mixed Market Signals
U.S. stock markets close at record levels as major banks report strong earnings, while inflation data and Tesla's robotaxi unveiling stir investor reactions.
- The Dow Jones Industrial Average and S&P 500 hit new record highs, driven by strong earnings from major banks like JPMorgan Chase and Wells Fargo.
- Tesla shares fell over 8% following the unveiling of its driverless 'Cybercab,' which left investors seeking more details on the rollout and impact.
- Consumer sentiment in the U.S. dipped slightly in October, reflecting ongoing concerns over high prices and economic uncertainty.
- Wholesale inflation remained unchanged in September, suggesting a potential easing of inflationary pressures in the economy.
- Stellantis announced leadership changes amid struggles to improve its North American operations, with CEO Carlos Tavares set to retire in 2026.
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