Daily Report 26.10.2022
Objavljeno: 26. 10. 2022

Stocks close higher for a third consecutive day, Nasdaq adds 2.2% ahead of Big Tech earnings; European markets close higher as investors digest earnings; tech stocks up 4% 
Stocks closed higher in another session Tuesday, as investors assessed sliding yields and new data for further clues into the health of the U.S. economy. 
The Dow Jones Industrial Average closed 337.12 points higher, or about 1.1%, to end at 31,836.74. The S&P 500 advanced 1.6%, closing at 3,859.11. The Nasdaq Composite popped 2.2%, landing at 11,199.12. 
General Motors and Coca-Cola rose 3.4% and 2.5%, respectively, after reporting stronger-than-forecasted earnings. Xerox plummeted 14.1% after earnings per share came in at less than half of what was expected. 
Alphabet shares dropped about 7% in extended trading on Tuesday after the company reported weaker-than-expected earnings and revenue for the third quarter and said it would significantly decrease headcount growth. 

The pan-European Stoxx 600 provisionally ended the day up 1.4% following the release of major tech earnings stateside. 
HSBC on Tuesday reported a 42% fall in third-quarter pretax profits following losses on the sale of its French business and a rise in bad loan provisions. 
Source: CNBC, Investing.com