NEW YORK — 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 slipped 0.1% in morning trading and is sitting 0.4% below its all-time high set earlier this month. The Dow Jones Industrial Average was up 155 points, or 0.3%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.3% lower.
General Motors rallied 14.3% 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.
RTX, the aerospace and defense c