US equity indexes traded mixed ahead of Big-Tech earnings after the market closes on Tuesday and as government bond yields rose following September's job openings and consumer confidence data.
The S&P 500 rose 0.2% to 5,832.1 after midday Tuesday, and the Nasdaq Composite climbed 0.5% to 18,651.2. The Dow Jones Industrial Average slipped less than 0.1% to 42,361.3. Utilities and energy were among the decliners intraday. Communication services and technology led the gainers.
Quarterly earnings from mega-caps such as Alphabet (GOOG, GOOGL) and Advanced Micro Devices (AMD) are due after the bell on Tuesday, followed by Apple (AAPL), Microsoft (MSFT), Amazon.com (AMZN), and Meta Platforms (META) in the rest of this week.
US job openings fell to 7.443 million in September, the Bureau of Labor Statistics said Tuesday. The print is below the 8 million expected in a survey compiled by Bloomberg and 7.861 million reported in August.
Most US Treasury yields rose intraday, with the 10-year up 3.6 basis points to 4.31%, its highest since early July. The two-year yield slipped less than one basis point to 4.14% but still hovered near its strongest since early August.
In company news, Cadence Design Systems (CDNS) jumped 11% intraday, the top performer in the S&P 500 and the Nasdaq, after the company reported better-than-expected Q3 results.
The worst performer on the index was D.R. Horton (DHI), down 9.7% intraday after the company reported a year-over-year decline in fiscal Q4 net income and revenue. Its sales guidance for fiscal 2025 also missed market expectations.
PayPal's (PYPL) Q3 revenue grew less than forecast, and while earnings growth outpaced analysts' views, the payment company's shares were still down 4.6% intraday, the steepest decliner on the Nasdaq.
West Texas Intermediate crude oil slipped 0.3% to $67.18 a barrel.
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