“Dow rises 100 points to another all-time high amid strong earnings”
October 26, 2021
“…The Dow Jones Industrial Average gained 120 points to touch another all-time high. The S&P 500 rose 0.4%, hitting an intraday record as well. The Nasdaq Composite traded 1% higher, sitting 0.2% below its record high. United Parcel Service saw its shares jump 7% after the shipping firm posted strong beats on profit and revenue across all business segments. Dow-component 3M gained slightly after beating earnings on the top and bottom lines.
General Electric rose 5% after the company issued an upward revision to its full-year earnings forecast while reporting higher than expected third-quarter profit. Tesla gained another 5% after the electric vehicle company soared more than 12% in the previous session to reach a $1 trillion market cap for the first time.
Of the 119 companies in the S&P 500 that have reported earnings, 83% beat expectations, according to Refinitiv. S&P 500 companies are expected to grow profit by about 35% in the third quarter…”
https://www.cnbc.com/2021/10/25/stock-market-futures-open-close.html