The major US stock indices are all closing higher. The gains are led by the NASDAQ index which is up around 1%. The NASDAQ index has risen for 2 consecutive days. The S&P index snapped a 5-day skid. The Dow industrial average broke its 4-day slide.
A snapshot of final numbers shows:
- Dow industrial average rose 204.71 points or 0.62% at 33141.13
- S&P index rose 30.64 points or 0.73% at 4247.67
- NASDAQ index rose 121.54 points or 0.93% at 13139.86
Shortly, Microsoft and Alphabet will announce earnings. Microsoft is closing the day up $1.47 or 0.45% at $330.79. Alphabet is closing up $2.42 or 1.77% at $138.92.
For the quarter ending in September, Microsoft is expected to report
- EPS of $2.52 per share
- Revenue of $51.72 billion
EARLY RELEASE: EPS $2.99. Revenues $56.5 billion. Microsoft shares are trading up at $345.57 up 4.51%.
Alphabet, the parent company of Google, is set to release its third-quarter earnings. Analysts expect
- EPS of $1.45 per share
- Revenue of $75.97 billion.
EARLY RELEASE: EPS $1.55 on Revenues of $76.693 billion. Google shares are trading down -$7.57 at $131.41.
Visa and Texas Instruments are also scheduled to announce earnings after the close.
Tomorrow – and through the end of week – there will be other large cap stocks scheduled to announce earnings. Below is the schedule of some of the major releases (* denotes before the open).
Wednesday:
- Boeing*
- T-Mobile*
- Hilton*
- General Dynamics*
- Meta
- IBM
- ServiceNow
Thursday:
- Altria*
- Southwest*
- Northrup Grumman*
- Merck*
- Amazon
- Intel
- Ford
- Chipotle
Friday:
- Exxon Mobil*
- Chevron*
- Phillips 66*
- Colgate-Palmolive*