• A mixed day led by tech stock action. The tech-heavy Nasdaq Composite closed Tuesday's session at a record high. The S&P 500 followed the Nasdaq's lead, rising nearly 0.2% after initially opening the day lower. The Dow Jones Industrial Average was the only major index to close in the red.
• Important job data was released. New data from the Bureau of Labor Statistics released Tuesday showed there were 7.44 million jobs open at the end of September, a decrease from the 7.86 million seen in August. August's figure was revised lower from the 8.04 million open jobs initially reported.
• Oil saw its worst day in two years this week. The benchmark U.S. crude oil contract sold off more than 6%, or $4.40, to $67.38 per barrel on Monday.
• Home prices saw its slowest gain. On an annual basis, the S&P Case-Shiller National Home Price Index increased 4.2%, down from the 4.8% gain seen in July.
• Bitcoin hits highest level since early June. Bitcoin prices rose around 5% on Tuesday to surpass a key technical level and hover just below $72,000 per token.
• Spotify hit a new record high. Wells Fargo recently named Spotify a top pick, maintaining an Overweight rating and raising its price target on shares to $470 from the prior $420. 
• Alphabet exploded in after-hours trading. Shares of Alphabet moved around 4% higher in after-hours trading on Tuesday after the company beat third quarter earnings expectations on both the top and bottom lines. The company kicked off earnings for the big tech giants.
• Broadcom gained over 4%. AVGO moved higher on reports it plans to work with Microsoft-aligned OpenAI (MSFT) to develop a new artificial intelligence chip.
• Ford Motor stock dropped over 9% early Tuesday. The automaker lowered its full-year profit forecast the day before.
• DJT stock was briefly halted. Trump Media & Technology Group stock (DJT) was briefly halted in early trading on Tuesday after shares extended their five-week surge.
• McDonald's, PayPal, Pfizer, AMD, Visa, and Chipotle all reported on Tuesday.  AMD dropped 6% after guidance came in softer than expected while Visa shares rose about 2% after Q4 revenue beat expectations of $9.5 billion to reach $9.6 billion. Chipotle fell 6% after Q3 comparable sales missed estimates. McDonald's beat earnings expectations in the third quarter amidst its recent E. coli outbreak.
• Gold touched a new high while silver also exploded. Gold climbed to a new high on Tuesday while silver also rallied. Gold hit a record north of $2,759 while silver futures gained more than 1% to top $34.50 per ounce, levels not seen in over a decade.
• Investors await the next Fed meeting in November. The Federal Reserve's next interest rate decision is on Nov. 7.

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The U.S. Federal Reserve will cut its key interest rate by 25 basis points on Nov. 7, according to all 111 economists in a Reuters poll, with more than a 90% majority predicting another quarter-percentage-point move in December.

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Most Active Stocks

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In the Spotlight

Sam Altman Sees Big Stake Increase in Reddit

Sam Altman’s stake in Reddit is now worth more than $1 billion, based on where the stock was trading after hours on Tuesday. The OpenAI CEO is among Reddit’s largest shareholders and controls roughly 12.2 million shares of Reddit. The company's shares soared about 20% in extended trading after the compny reported better-than-expected quarterly results and issued an optimistic forecast. At Reddit’s after-hours share price of $98, Altman’s holdings are valued at about $1.2 billion.

Chipotle Misses Revenue Estimates

Chipotle Mexican Grill reported mixed quarterly results on Tuesday. While earnings beat expectations, revenue fell short.  The burrito retailer reported third-quarter net income of $378.4 million, or 28 cents per share, up from $313.2 million, or 23 cents per share, a year earlier.  Same-store sales rose 6%, a little lower than StreetAccount estimates of 6.3%. Looking ahead, Chipotle reiterated its full year outlook that same-store sales will grow by a mid- to high-single-digit percentage.