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Barchart
Barchart
Rich Asplund

Stocks Mixed as Alphabet Falls and Nvidia’s Earnings Fail to Impress

The S&P 500 Index ($SPX) (SPY) today is up +0.24%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.15%.

Stocks today are mixed.  The strength of software stocks is positive for the overall market.  Snowflake rallied sharply by more than +29% after it reported stronger-than-expected Q3 revenue and raised its full-year product revenue estimate.  Also, cryptocurrency-related stocks are rallying today after the price of Bitcoin climbed to a new record high.  Today's US economic news was mixed for stocks, with Oct existing home sales climbing more than -expected but Oct leading indicators and the Nov Philadelphia Fed business outlook survey falling more than expected.

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