Stock indexes are up today, with the S&P 500, Dow Jones, and Nasdaq all showing gains. Energy stocks rose after a +5% surge in WTI crude oil due to US sanctions on Russian oil companies. Positive Q3 results from Dow Inc. and Honeywell International fueled the market. US-China trade talks and ongoing government shutdown are key concerns.

US economic news shows Sep existing home sales at a 7-month high, boosting market sentiment. Molina Healthcare cuts full-year EPS forecast, while IBM and Tesla report below-consensus Q3 results. Trump administration sanctions Russian oil companies. US-China trade talks, FOMC rate cut expectations, and ongoing government shutdown are in focus.

Earnings season continues with rising corporate expectations, but Q3 profits are expected to have the smallest increase in two years. Markets are pricing in a 99% chance of a -25 bp rate cut at the next FOMC meeting. Overseas markets are mixed, with European government bond yields also mixed. Eurozone consumer confidence rises unexpectedly.

Energy stocks and providers like Valero Energy, APA Corp, and Diamondback Energy are up due to a surge in WTI crude oil prices. Quantum-computing stocks rally after reports of equity stakes for federal funding. Molina Healthcare leads health insurers lower, while Las Vegas Sands and West Pharmaceutical Services report strong Q3 results. IBM, Tesla, and other companies report weaker Q3 earnings. Southwest Airlines and Moderna face challenges.

A list of upcoming earnings reports includes Alaska Air Group Inc, American Airlines Group Inc, Honeywell International Inc, Intel Corp, T-Mobile US Inc, and more. The markets are influenced by ongoing geopolitical tensions, earnings reports, and economic indicators.

Read more at Nasdaq: Stocks Supported by Strength in Energy Producers and Earnings