Stocks were mixed on Tuesday as traders came off a winning session and looked for more clues on the Federal Reserve's next decision on interest rates. The Dow Jones Industrial Average and S&P 500 Index were both above the flatline in afternoon trade, while the Nasdaq Composite fell about 0.1%.
Here's how the market settled on Tuesday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
On the Earnings Front:
Disney
"Our results were driven in large part by our Experiences segment as well as our streaming business," CEO Bob Iger said in a statement. "Importantly, entertainment streaming was profitable for the quarter, and we remain on track to achieve profitability in our combined streaming businesses in Q4."
Palantir
"We anticipate that our U.S. commercial business, which accounted for 24% of our revenue last quarter, will remain one of the most significant drivers of our growth in the near term," CEO Alex Karp said in a letter to shareholders.
"Warfare in this century will continue to be transformed by software," Karp added. "The platforms in use by our defense and intelligence partners present a very real threat to the survival of our enemies."
In the News:
Apple
The new iPad Pro will come in two sizes, 11-inch and 13-inch, Apple said, and is its thinnest model ever at 5.1 millimeters thickness. The model will also host Apple's next-gen M4 chip that power's its latest laptops and its an "outrageously powerful chip for AI." The iPad Pro will also snap to a new case Apple calls Magic Keyboard, which pair the tablet with a keyboard and trackpad. The iPad Air will also come in 11-inch and 13-inch sizes for the first time and come equipped with Apple's M2 chip.
Peloton Interactive