Positive big tech news boosts market, with tech giants like Netflix and Apple making gains.

From Nasdaq: 2024-10-18 11:30:01

Stock indexes were mixed as the S&P 500 rose +0.15%, the Dow Jones fell -0.38%, and the Nasdaq climbed +0.51%. Positive news from tech giants like Netflix and Apple boosted the market. US housing data showed mixed results with Sep housing starts above expectations but building permits below. Corporate earnings are impacting stock direction with a +4.3% increase expected in Q3. Overseas markets are up with China’s GDP and industrial production exceeding expectations. Interest rates did see a slight increase in T-notes and European bonds, with swaps indicating a possible rate cut by the ECB in December. US stock movers included Netflix, Apple, Lamb Weston, and Intuitive Surgical on the rise, while CVS Health, American Express, and Procter & Gamble fell. SV Health also faced a downgrade. Earnings reports for October 18 include Alaska Air Group, Ally Financial, American Express, and Schlumberger.



Read more at Nasdaq: Broader Market Mostly Higher on Positive Big Tech News