Stock market today: Indexes trade mixed as investors await wave of earnings results --[Reported by Umva mag]

More than 40 S&P 500 companies are set to report results this week, including Netflix, Morgan Stanley, and Goldman Sachs.

Oct 14, 2024 - 15:01
Stock market today: Indexes trade mixed as investors await wave of earnings results --[Reported by Umva mag]
Woman on the floor of the NYSE
  • US stocks were mixed on Monday as investors await third-quarter earnings from major companies.
  • Investors will monitor retail sales and jobless claims data this week.
  • Federal Reserve Governors Christopher Waller and Adriana Kugler are scheduled to speak this week.

US stocks were mixed on Monday as investors await a wave of third-quarter earnings results this week.

More than 40 S&P 500 companies are set to report results this week, including Netflix, Morgan Stanley, and Goldman Sachs.

According to data from Fundstrat, 6% of S&P 500 companies have already reported their results. Of those companies, 74% beat profit estimates by a median of 6%, while 58% beat revenue estimates by a median of 2%.

It's a relatively muted week on the economic data front, with investors likely to focus on the Thursday releases of September retail sales and initial jobless claims.

Both data points will give investors insights into the health of the consumer and job market, respectively.

There is also some Fedspeak this week, with Federal Reserve Governor Christopher Waller scheduled to speak at 3 p.m. today, followed by Fed Governor Adriana Kugler on Tuesday.

Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Monday:

Here's what else is going on:

In commodities, bonds, and crypto:

  • West Texas Intermediate crude oil was down 1.93% to $74.10 a barrel. Brent crude, the international benchmark, was lower by 1.81% to $77.61 a barrel.
  • Gold was down 0.41% to $2,665.20 an ounce.
  • The 10-year Treasury yield was flat at 4.105%.
  • Bitcoin was higher by 2.96% to $64,715.
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