S&P 500 snaps 8-day winning streak as investors digest latest earnings and await key inflation data

S&P 500 snaps 8-day winning streak as investors digest latest earnings and await key inflation data

US stocks closed lower on Tuesday, ending an eight-day winning streak for the S&P 500 as investors await the release of key CPI inflation data tomorrow. The decline on Tuesday was led by the Nasdaq, which saw an outsized decline due to Other tech stocks that helped drag down the market include and , which both had earnings results that failed to impress investors. But third-quarter earnings results have remained relatively strong. Of the 90% S&P 500 companies that have reported earnings so far, 81% are beating profit estimates by a median of 9%, and 72% are beating revenue estimates by an average of 5%, according to data from Fundstrat. The rally in risk assets wasn't exclusive to stocks, as of $70,000 and $5,000, respectively. Both cryptocurrencies extended their win streaks to a fourth day in Tuesday trades. Meanwhile, as investors seek to benefit from the continued growth in electric vehicles, one lingerie company is giving its shareholders the ability to gain exposure to the growing EV trend through its reverse merger with Cenntro Automotive. Shares Kimbal Musk just before his cousin Elon Musk tweeted a poll about his potential sale of billions worth of shares. on Tuesday after the