U.S. stock indices on Monday: Dow Jones rose 0.06%
U.S. stock indices on Monday...
Subscribe to Newsletter

U.S. stock indices on Monday: Dow Jones rose 0.06%

10 October 2022
3138
2 min.
13
U.S. stock indices on Monday: Dow Jones rose 0.06%

Trading Starts

The U.S. stock indices at the beginning of trading on Monday are moving without uniform dynamics, Dow Jones is in a weak plus.

Thus, the Standard Poor's 500 Index was down 0.3 percent at 3,627.63 points by 10:58 a.m. ET.

The Nasdaq Composite was down 0.7 percent to 1,575.08 points since the market opened.

The Dow Jones Industrial Average was up 0.06% to 29315.66 points by 10:00 a.m. ET.

The trading activity on Monday may be lower than usual, as the bond market is not working in connection with the national holiday Columbus Day, as noted by experts.

Including the market completed a sharp decline in trading on Friday after the publication of data on the state of the U.S. labor market for September.

The number of jobs in the economy grew by 263,000 the smallest increase since April 2021. Experts on average expected growth of 250,000-255,000.

Experts believe that the upcoming corporate earnings season, which will enter an active phase on Friday, is unlikely to trigger a positive reaction from the US stock market. Profits of American companies whose shares are included in the calculation of the Standard and Poor's 500, on average, rose by 2.4% in the third quarter, analysts polled by FactSet forecast.

These are the weakest results since the third quarter of 2020, which saw the peak of the COVID-19 pandemic. At that time, profits fell an average of 5.7%, says a senior FactSet analyst.

Also this week, U.S. inflation data will be released.

The leaders of the Dow Jones Industrial Average are Merck and Co (NYSE: MRK) Inc. up 4.2%, Boeing Co (NYSE: BA) up 3.7%.

Tesla (NASDAQ: TSLA) gained 0.3 percent in early trading on Monday.

Rivian Automotive (NASDAQ: RIVN) collapsed nearly 8% on news that it is recalling nearly all of its manufactured cars to fix a defect in the steering.

Shares of Five9 Inc., fell 16.5%. Rowan Trollope, the company's chief executive, has resigned. Chairman Mike Berkland will take his place. The management changes will take effect Nov. 28.

PPG Industries worsened its third-quarter adjusted earnings outlook. The company's stock price is down 4.1%.

Apple Inc. (NASDAQ: AAPL) is down 0.9%, Microsoft (NASDAQ: MSFT) is down 1.3%, UnitedHealth Group (NYSE: UNH) is down 1% and Salesforce (NYSE: CRM) is down 1.5%.

Persons1 and Companies12 in the news

Chief Executive Officer of the Five9
1 place
Five9
1 place
Rivian
2 place
PPG Industries
3 place
FactSet
4 place
Nasdaq
5 place
Dow Jones
6 place
Tesla
7 place
Merck
9 place
Microsoft
10 place
Salesforce
11 place
Apple
12 place
Section:
Source foto:
flickr.com
Rating companies
Instagram
15 Mention
Tesla
14 Mention
Netflix
13 Mention
JP Morgan Chase
11 Mention
Ford Motor Company
11 Mention
Amazon
10 Mention
TikTok
8 Mention
White House
7 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8131860628
Died this year
27421710
Born this year
67462260