S&P 500 Notches Longest Monthly Slide Since 2020: Markets Wrap
- Yen’s historic tumble lifts dollar as stocks climb on Tuesday
- BOJ’s minor policy tweak disappoints traders expecting more
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Wall Street’s jittery month ended, with the S&P 500 rising on Tuesday — but still notching its longest monthly slide since the onset of the pandemic. The dollar climbed as the yen hit a 33-year low after the Bank of Japan made only minor changes to its policy settings.
On the eve of the Federal Reserve decision, traders took the latest economic data in stride. The S&P 500 rebounded in the final day of October, while posting its third straight month of losses. JPMorgan Chase & Co. paced a rally in big banks. Tesla Inc. bounced back, while Nvidia Corp. finished lower by almost 1%. In late trading, Advanced Micro Devices Inc. fell on a bearish revenue outlook.