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Barchart
Barchart
Rich Asplund

Stocks Mostly Higher on Positive Corporate Earnings Results

United States China ECB American Express Apple

The S&P 500 Index ($SPX) (SPY) today is up +0.26%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.71%.

Stock indexes today are mostly higher.  The broader market is moving higher today due to positive news from big technology companies.  Netflix is up more than +10% after reporting better-than-expected Q3 streaming paid customers.  Also, Apple is up more than +1% after its new iPhone 16 sales in China were reported to be up 20% in their first three weeks compared with last year’s model.  Strength in chip stocks is another supportive factor for the overall market.  Today’s US housing news was mixed as Sep housing starts were above expectations, but Sep building permits, a proxy for future construction, were below expectations. 

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