NEW YORK (AP) — The U.S. stock market is drifting near its record heights on Tuesday as the floodgates open for companies reporting how much profit they made during the summer.
The S&P 500 rose 0.2% in midday trading and is sitting just 0.1% below its all-time high set earlier this month. The Dow Jones Industrial Average was up 328 points, or 0.7%, as of 11:50 a.m. Eastern time, and the Nasdaq composite was edging down by less than 0.1%.
General Motors rallied 15.6% after reporting stronger quarterly results than analysts expected, while also raising its forecasts for some full-year financial targets. CEO Mary Barra said it’s moving quickly to reduce its losses in 2026 and beyond for its electric-vehicle business, as “it is now clear” that EV adoption will be lower than planned.
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