The Dow closed higher Tuesday on the final day of trade for October, as investors digested a raft of corporate earnings, but stocks couldn’t avoid racking up a third-straight loss for the first time since March 2020.
The Dow Jones Industrial Average gained 0.4% or 123 points, and the S&P 500 rose 0.6%, and the Nasdaq gained 0.5%.
Caterpillar, JetBlue disappoint on earnings stage
Caterpillar (NYSE:CAT) fell nearly 7% after the industrial equipment maker’s order backlog narrowed, stoking worries about slowing equipment demand and offsetting Q3 results that topped on both the top and bottom lines.
