Comic: S&P 500, Nasdaq Face Big Test In Week Ahead As Mega-Cap Tech Earnings Loom By Investing.com

Comic: S&P 500, Nasdaq Face Big Test In Week Ahead As Mega-Cap Tech Earnings Loom

EconomyOct 17, 2020 07:31

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By Jesse Cohen

Investing.com - Stocks on Wall Street ended mixed on Friday, with the Dow Jones Industrial Average posting its first daily gain in four sessions to cap off another volatile week.

The Dow closed 112 points higher, or about 0.4%, at 28,606. The S&P 500 ended little changed, settling at 3,483. The Nasdaq Composite meanwhile ended the day down around 0.4% at 11,671.

For the week, the Dow and S&P 500 rose 0.1% and 0.2%, respectively, to notch their third straight weekly gain. The Nasdaq meanwhile climbed 0.8%, posting a four-week winning streak.

Several companies kicked off the third quarter earnings season in the past week with better-than-expected results. JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS) all reported stronger reports than analysts had forecast.

U.S. stocks could face more volatility in the week ahead as Q3 earnings season shifts into high gear with reports expected from many of the big-name U.S. technology stocks, including Tesla (NASDAQ:TSLA), Netflix (NASDAQ:NFLX), IBM (NYSE:IBM), and Intel (NASDAQ:INTC).

The week after that then sees high-profile companies such as Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB), and Google (NASDAQ:GOOGL) all release their quarterly results.

To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics

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S&P/TSX	17,906.02	+60.11	+0.34%
S&P/TSX 60	1,060.79	+2.22	+0.21%
US 30 Futures	30,748.0	-120.0	-0.39%
US 500 Futures	3,832.88	-15.52	-0.40%
S&P 500 VIX	23.19	+1.28	+5.84%
DAX	13,643.95	-230.02	-1.66%
Dollar Index	90.338	-0.005	-0.01%

Crude Oil WTI	52.48	-0.29	-0.55%
Brent Oil	55.34	-0.43	-0.77%
Natural Gas	2.601	+0.005	+0.19%
Gold	1,859.80	+4.60	+0.25%
Silver	25.477	-0.007	-0.03%
US Soybeans	1,340.75	-5.37	-0.40%
US Cotton #2	82.07	-0.23	-0.28%

USD/CAD	1.2747	+0.0008	+0.07%
EUR/USD	1.2142	+0.0005	+0.04%
USD/JPY	103.71	-0.03	-0.02%
GBP/USD	1.3669	-0.0006	-0.04%
CAD/USD	0.7846	-0.0003	-0.03%
EUR/CAD	1.5477	+0.0017	+0.11%
GBP/JPY	141.77	-0.07	-0.05%

Bombardier Inc	0.720	-0.040	-5.26%
Enbridge	34.58	-0.08	-0.23%
Air Canada	20.86	-1.23	-5.57%
Ovintiv	21.70	-0.39	-1.77%
Apple	142.92	+3.85	+2.77%
Alibaba ADR	261.38	+2.76	+1.07%
Twitter Inc	47.84	-0.22	-0.46%

Comic: S&P 500, Nasdaq Face Big Test In Week Ahead As Mega-Cap Tech Earnings Loom

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