Stock Market Today: Stocks End Choppy Session With a Loss
A burst of buying power sent stocks higher mid-morning, but the markets couldn't maintain the momentum.


The stock market kept investors on edge Thursday as markets bounced between positive and negative territory throughout the day.
Stocks initially opened lower as investors heard news that Liz Truss resigned as the United Kingdom's prime minister after a short and tumultuous tenure. However, the markets quickly turned higher amid well-received earnings reports from telecom AT&T (T, +7.7%) and tech giant International Business Machines (IBM, +4.7%).
Not all stocks rose after earnings, though, with Tesla (TSLA) slumping 6.7% after the electric car maker said it will likely miss its 2022 deliveries target, blaming "an increase in the cars in transit at the end of the year."

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
But the market's midday momentum couldn't be maintained, with stocks reversing course again around lunchtime. The Dow Jones Industrial Average ended the day down 0.3% at 30,333, while the S&P 500 Index (-0.8% at 3,665) and the Nasdaq Composite (-0.6% at 10,614) also chalked up modest losses.
"Quickly looking ahead to tomorrow, it is options expiration so be on the lookout for some additional volume and volatility around the open and the close," says Michael Reinking, senior market strategist at the New York Stock Exchange. "Earnings will once again be in focus. There is no economic data in the U.S., but overnight we get Japan inflation, U.K. retail sales and European Union (EU) consumer confidence." Included in those earnings reports are social media firm Snap (SNAP), which reports tonight, and credit card company American Express (AXP), which will unveil its results ahead of tomorrow's open.
Are Stocks Cheap Enough to Buy?
Are stocks cheap enough to start buying? That's a question many investors may be asking themselves following the S&P 500's nearly 20% decline over the past 12 months.
Answering that question is not an easy task. On one hand, the forward price-to-earnings (P/E) ratio for the S&P 500 is at its lowest point since the March 2020 crash, and technical indicators are pointing to more short-term upside for stocks. But on the other, signs are suggesting the volatility seen throughout 2022 will continue and the stock market has yet to hit a bottom.
"We anticipate that financial markets are likely to continue to trade day-to-day in reaction to economic reports and/or comments by Fed officials," says Scott Wren, senior global market strategist Wells Fargo Investment Institute. "We advise to exercise patience in the near term, and expect potential better opportunities in the broader equity market next year." Read on as we explore what this all means for investors looking for bargains in today's market.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
-
Do You Really Need That Wine Cellar?
Home Features Wine cellars are a popular feature in high-end houses. Will installing one in your home increase its value, or would you be better off with a cheaper solution?
-
Think a Repeal of the Estate Tax Wouldn't Affect You? Wrong
The wording of any law that repeals or otherwise changes the federal estate tax could have an impact on all of us. Here's what you need to know, courtesy of an estate planning and tax attorney.
-
Stock Market Today: Investors Look on the Bright Side
A generally good week closes on another positive note, as investors, traders and speculators look for fresh catalysts.
-
My Three-Day Rule for Investing: And If it Applies Now
Stock Market I've seen a lot in my career. Here's what I see now in the stock market.
-
Stock Market Today: Stocks Climb More Walls of Worry
Volatility is back in a normal range, and the trend for the main equity indexes remains positive despite specific and general headwinds.
-
Is It Time to Invest in Europe?
Stock Market Europe is being shaken out of its lethargy, militarily and otherwise, by Donald Trump's changes in U.S. policy. Should investors start buying?
-
Stock Market Today: Nasdaq Outperforms as Big Tech Rallies
The Dow Jones Industrial Average closed lower for a second day as Amgen and Merck fell.
-
Stock Market Today: UnitedHealth Drags on Dow After CEO Splits
UNH created headwinds for the price-weighted Dow on news that its embattled CEO, Andrew Witty, is stepping down.
-
Stock Market Today: Dow Gains 1,160 Points on U.S.-China Trade Deal
The two countries agreed to a 90-day truce that will give them time to work on more substantive trade negotiations.
-
Stock Market Today: Investors Weigh Weekend Negotiations
Investors, traders and speculators will look to Switzerland for answers about the most compelling issue confronting global markets.