The S&P 500 Index ($SPX) (SPY) today is up by +0.60%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +1.00%.
Stocks today are mostly higher, with the S&P 500 climbing to a new all-time high and the Nasdaq 100 posting a 2-3/4 month high. Optimism in Q3 corporate earnings is boosting stock prices today after bank stocks rallied last Friday on earnings results from JPMorgan Chase and Wells Fargo. Also, the strength in chip stocks is lifting the overall market. Weakness in Boeing and Caterpillar are weighing on the Dow Jones Industrials. Trading volumes are below average today, with trading in the cash Treasury market closed for the Columbus Day holiday, although stock trading remains open.
