Stock Market Decline and Company Earnings Reports

The stock market experienced declines as the S&P 500 recorded back-to-back losing trading days. Wall Street is betting on less aggressive interest-rate cuts. McDonald's shares dropped due to an E. coli outbreak investigation. Starbucks reported lower-than-expected fiscal fourth-quarter results and suspended guidance for the next fiscal year. Texas Instruments beat earnings and revenue expectations but issued lower guidance for the fourth quarter. Enphase Energy's third-quarter earnings missed estimates and its fourth-quarter revenue forecast was below expectations. Qualcomm faced a feud with Arm Holdings. Seagate Technology reported strong earnings and revenue. Several companies, including Tesla and Boeing, are expected to release earnings reports.