The S&P 500 Index ($SPX) (SPY) is up by +0.42% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.40%. December E-mini S&P futures (ESZ26) are up +0.41%, and December E-mini Nasdaq futures (NQZ26) are up +0.36%.
Stock indexes are moving higher today, supported by optimism about earnings. According to data compiled by Bloomberg Intelligence, Q3 S&P 500 profits are expected to climb by +25% from a year earlier, up from a July estimate of 22%. Q3 earnings season begins next week when US money center banks report.
