S&P 500 and Nasdaq reach record high on positive Q3 earnings outlook

From Nasdaq
October 14, 2024 2:34:20 pm:

Stocks today are mostly higher as the S&P 500 and Nasdaq 100 reach new highs, boosted by positive Q3 earnings outlook. Chip stocks are strong, but weakness in Boeing and Caterpillar is dragging down the Dow Jones. China’s weaker-than-expected trade data and ongoing Middle East tensions also impact the market. Interest rates are lower as stocks rally. European government bond yields are higher, while swaps predict a rate cut by the ECB. Cryptocurrency-linked stocks climb, along with Longboard Pharmaceuticals, Vistra Corp, and SentinelOne. PG&E Corp and Caterpillar are down on analyst downgrades, while Boeing faces layoffs. AutoZone and Amgen are also down on analyst actions. Earnings reports today include Hingham Institution for Savings.

Read more at Nasdaq: S&P 500 Posts a Record High on Corporate Earnings Optimism