Harley-Davidson Revs Up on a Mixed Market Day; BP Loses Energy
The stock market was narrowly mixed on Tuesday, reflecting the high level of uncertainty among market participants. With a week to go until the U.S. presidential election and adverse trends in COVID-19 cases showing up around the world, investors appear to be on edge as they consider what the future will bring. Shortly after 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 79 points to 27,606. However, the S&P 500 (SNPINDEX: ^GSPC) managed to inch higher by 2 points to 3,403, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 81 points to 11,440.
Earnings season continued to drive performance among individual stocks, and the latest financial reports from some key companies contributed to the crosscurrents in the market. Harley-Davidson (NYSE: HOG) saw its stock soar after the motorcycle giant released its earnings numbers, but energy behemoth BP (NYSE: BP) just barely managed to avoid posting a net loss, sending its shares a bit lower Tuesday morning.
Harley-Davidson's shares were higher by 27% on Tuesday morning. The motorcycle king's third-quarter financial report inspired shareholders to be more optimistic about the company's prospects.
Source Fool.com