S&P 500 and Nasdaq Face Big Test in Coming Week as Mega-Cap Tech Earnings Shine by GossipMantri.com


By Jesse Cohen

GossipMantri.com – Stocks on Wall Street on Friday, posting its first daily gain in four sessions to cap another volatile week.

The Dow Jones closed 112 points higher, or around 0.4%, at 28,606. The end was little changed, standing at 3483. The meantime ended the day down around 0.4%. % to 11,671.

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

Several companies kicked off the third quarter earnings season last week with better than expected results. (NYSE :), (NYSE đŸ™‚ and Morgan stanley (NYSE đŸ™‚ all reported stronger reports than analysts expected.

US stocks may face greater volatility in the coming week as the third quarter earnings season shifts into high gear with reports expected from many leading US tech stocks including (NASDAQ đŸ™‚ , (NASDAQ :), (NYSE đŸ™‚ and (NASDAQ :).

The following week, leading companies such as (NASDAQ :), (NASDAQ :), (NASDAQ :), (NASDAQ đŸ™‚ and (NASDAQ đŸ™‚ all released their quarterly results.

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