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Barchart
Barchart
Rich Asplund

Stocks Waver on Strong Economic News and Mixed Corporate Earnings Results

The S&P 500 Index ($SPX) (SPY) today is up +0.01%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.42%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.31%.

US stocks today are mixed, with the Dow Jones Industrials posting a 1-1/2 week high.  Favorable corporate earnings results are supportive of the overall market today.  Howmet Aerospace is up more than +13% after boosting its full-year adjusted EPS forecast.   Also, PayPal Holdings is up more than +8% after reporting better-than-expected Q2 net revenue and boosting its 2024 profit forecast.  In addition, Stanley Black & Decker is up more than +7% after reporting stronger-than-expected Q2 net sales.

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