| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 43275.91 | 36.86 | 0.09% |
| S&P 500 | 5864.67 | 23.20 | 0.40% |
| Nasdaq | 18489.55 | 115.94 | 0.63% |
| VIX | 18.03 | -1.08 | -5.65% |
| Gold | 2737.00 | 7.00 | 0.26% |
| Oil | 69.43 | 0.21 | 0.30% |
US MARKET
U.S. stocks closed higher, with the Dow Jones Industrial Average edging up 0.1% to 43,275.91. The S&P 500 gained 0.4%, closing at 5,864.67, while the Nasdaq rose 0.6% to finish at 18,489.55.
Among S&P 500 companies, the top performers were Netflix Inc., which surged 11.09%, Lamb Weston Holdings Inc., up 10.17%, and Intuitive Surgical Inc., rising 10.01%.
On the downside, the biggest decliners were Bunge Global SA, dropping 6.33%, CVS Health Corp, which fell 5.23%, and The Cigna Group, down 4.85%.
LOCAL MARKET
Australian shares are poised for a higher open, following gains in U.S. markets as investors reviewed the latest earnings reports. The major indices recorded their sixth consecutive week of gains.
ASX futures rose 0.52%, or 44 points, by 8:00 a.m. on Monday, indicating a positive start for the local market.
Netflix shares surged 10.9% after posting its most profitable quarter ever, though other blue-chip earnings were less impressive. American Express shares fell 3.1% after the company’s revenue missed expectations.
So far, a small portion of the S&P 500 has released third-quarter earnings, with about 80% of those companies beating analysts’ estimates—consistent with previous quarters. Notably, strong earnings from major banks have fuelled optimism for a soft economic landing.
Technology stocks boosted both the S&P 500 and Nasdaq Composite, which gained 0.4% and 0.6%, respectively. The Dow Jones Industrial Average edged up 0.1% to a new record high.
In the commodities market, Brent crude oil fell 1.9% to US$73.06 per barrel, while gold rose 1.1% to US$2,721.46.
The Australian dollar traded at 67.07 US cents.