The S&P 500 Index ($SPX) (SPY) today is up +0.82%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.96%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.89%.
Stocks today are moving higher on some positive corporate earnings results. Amazon.com is up more than +6% after forecasting Q4 operating income above consensus. Also, chip stocks are climbing today, led by a +5% jump in Intel after it reported better-than-expected Q3 revenue and forecasted Q4 revenue above consensus. Stocks looked past today’s weaker-than-expected US payroll and ISM manufacturing reports as the weakness was due to two hurricanes and labor strikes last month.
