Stock indexes advanced on strong Q3 earnings as Intel topped analyst expectations and issued better-than-expected guidance for Q4. Intel shares shot up 7.4%, offsetting negativity in the tech sector due to Amazon’s weak numbers.
In addition to earnings, market optimism seems to be supported by news from Washington that US trade representatives will be conversing with Chinese officials today by telephone to finalize details on the first phase of a trade deal.
Currently, at 11:45 am ET, the Dow is up 187.17 points, up 0.70% to 26,992.70. The S&P 500 is heading toward a record close, currently up 16.48 points or 0.55% to 3,026.83. The Nasdaq rose 61.15 points or 0.74% to 8246.95.
The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.