US Stocks Mixed, Dow Dips on JPMorgan Costs

US stocks had a mixed day on Tuesday, with the S&P 500 and Nasdaq Composite trading near flat and down slightly, respectively, while the Dow Jones Industrial Average declined by 0.3%. The Dows drop was largely due to JPMorgans shares falling by up to 4% after an executive warned of rising costs in 2023 due to increased competition and AI investments. Job openings unexpectedly rose in October, but layoffs also increased, and the Federal Reserves policy meeting is the main focus this week, with a quarter-point rate cut expected. Corporate earnings reports from Oracle, Broadcom, Costco, and Lululemon later this week could provide insights into AI and retail market trends.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.