The S&P 500 Index ($SPX) (SPY) today is up by +0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.48%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.26%.
Stocks today are mixed, with the Nasdaq 100 falling to a 1-week low. Better-than-expected corporate earnings results are a supportive factor for stocks. United Airlines Holdings is up more than +8% after reporting stronger-than-expected Q3 adjusted EPS and initiating a $1.5 billion stock buyback program. Also, bank stocks are climbing today after Morgan Stanley reported stronger-than-expected Q3 net revenue and US Bancorp reported better-than-expected Q3 net interest income. In addition, today’s weaker-than-expected UK Sep consumer price report knocked global bond yields lower, a supportive factor for stocks.
