Stock Market Today: Stocks Struggle, Apple Reclaims $3 Trillion Market Cap Mark
Apple quietly reclaimed the $3 trillion market cap level Tuesday amid a choppy day for the main indexes.


Some bad-news-is-good-news jobs data failed to light a fire under stocks Tuesday, with the main indexes making modest moves throughout the session. Still, retreating Treasury yields kept one of the three main indexes above water.
The Bureau of Labor Statistics this morning said the number of job openings fell to 8.7 million in October from September's 9.4 million – a 28-month low. The healthcare, finance and real estate sectors saw the biggest drops in the number of available jobs, while technology saw the largest rise.
The Job Openings and Labor Turnover Survey (JOLTS) comes ahead of several labor market updates this week, the most notable being Friday's nonfarm payrolls report. Following a much lower-than-anticipated reading in the October jobs data, Kiplinger economist David Payne says we can expect "fewer than 200,000 net new jobs from now on, because of the broader slowdown in the economy."
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free 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.
Apple gains $63 billion in market value on Foxconn news
In single-stock news, Apple (AAPL) rose 2.1% today, adding $63 billion in market cap and climbing back above the $3 trillion valuation mark for the first time since August. Boosting the mega-cap stock was news Apple's Taiwan-based supplier Foxconn said fourth-quarter revenue growth will likely be higher than previously anticipated thanks to strong demand for consumer electronics such as smartphones and tablets.
In other Apple headlines, a recent report in The Wall Street Journal suggests the tech giant is considering a streaming bundle with Paramount Global (PARA, -2.8%). The buzz comes as various companies partner up with streaming companies to provide service bundles to consumers at a discount.
P&G falls on Gillette write-down, restructuring charges
While Apple was easily the best-performing Dow Jones stock today, Procter & Gamble (PG) was the worst. Shares of the consumer products giant slumped 3.5% after the company said in a regulatory filing that it will incur a roughly $2.0 billion to $2.5 billion loss due to restructuring in certain markets and a write-down in its Gillette business, which it bought in 2005.
As for the main indexes, the Dow Jones Industrial Average (-0.2% at 36,124) and the S&P 500 (-0.06% at 4,567) each ended the session with modest losses. The more rate-sensitive Nasdaq Composite, however, rose 0.3% to 14,229, as yields on the 2-year and 10-year Treasury notes fell to 4.583% and 4.176%, respectively.
Related content
- Will SCOTUS Strike Down Wealth Taxes?
- The Earnings Recession Is Over
- Verizon's Latest Streaming Perk Bundles Netflix and Max for $10
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.
-
The Most Popular Apps for Retirement Planning in 2025
A J.D. Power survey ranks retirement planning apps based on customer service and satisfaction. Does your financial app make the cut?
-
Don't Disinherit Your Grandchildren: The Hidden Risks of Retirement Account Beneficiary Forms
Standard retirement account beneficiary forms may not be flexible enough to ensure your money passes to family members according to your wishes. Naming a trust as the contingent beneficiary can help avoid these issues. Here's how.
-
S&P 500 Slips Ahead of Fed Week: Stock Market Today
All eyes are on the Federal Reserve ahead of next week's critical policy meeting.
-
Dow Gains 617 Points as Rate Cuts Near: Stock Market Today
Wednesday's economic data didn't shift Wall Street's expectations that the Fed is preparing for a rate cut at next week's meeting.
-
S&P 500 Hits New High After Oracle Earnings: Stock Market Today
Another down day for Apple held the Dow Jones Industrial Average back, though.
-
Stocks Grind Up to New All-Time Highs: Stock Market Today
UnitedHealth stock led the Dow Jones Industrial Average amid increasing signs the labor market has not been well for months.
-
Markets Prepare for August Inflation Data: Stock Market Today
Apple CEO Tim Cook is still important, but price action this week is as much about incoming inflation data ahead of next week's Fed meeting.
-
Stocks Slip as Job Growth Stalls: Stock Market Today
The August jobs report came in much weaker than expected, while the unemployment rate ticked higher.
-
S&P 500 Hits New High on Jobs Friday Eve: Stock Market Today
The S&P 500 hit a new all-time closing high and most of the stocks in the Dow Jones Industrial Average were up the day before a critical jobs report.
-
Big Tech Names Rise Above Broad Weakness: Stock Market Today
Some familiar names enjoyed solid rallies on the resolution of outstanding questions, but macro uncertainty hangs over the broader market.