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Rich Asplund

Stocks Rise on Strong Earnings Results and Soft-Landing Optimism

Dow SP United States Dow Jones Dow Jones Industrials HIG Chicago Fed Honeywell International International Business Machines SP 500

The S&P 500 Index ($SPX) (SPY) today is up by +0.20%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.63%.

Stocks today are mostly higher, climbing on earnings optimism and a decline in T-note yields. Tesla is up more than +16% after posting its biggest quarterly profit in a year. Also, United Parcel Service is up more than +5% after reporting better-than-expected Q3 adjusted EPS. The 10-year T-note yield is down -2.6 bp to 4.220%.

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