Equity Markets Mixed Ahead of Alphabet Earnings

MT Newswires Live03:51

US benchmark equity indexes were mixed ahead of Tuesday's close as investors parsed the latest batch of corporate earnings and awaited Alphabet's (GOOG, GOOGL) results.

The Nasdaq Composite was up 1% at 18,750.3, while the S&P 500 rose 0.4% to 5,843.2. The Dow Jones Industrial Average fell 0.2% to 42,288.1. Among sectors, communication services led the gainers, while utilities saw the steepest decline.

Google parent Alphabet is scheduled to post its latest quarterly financial results after the closing bell, along with other major names such as Visa (V), Advanced Micro Devices (AMD), Stryker (SYK) and Chipotle Mexican Grill (CMG).

Shares of Cadence Design Systems (CDNS) and Incyte (INCY) jumped following their latest results, while D.R. Horton (DHI) and PayPal (PYPL) saw declines.

The US 10-year yield was little changed at 4.27%, while the two-year rate fell 1.9 basis points to 4.12%.

US job openings fell to 7.44 million in September from 7.86 million the previous month, the Bureau of Labor Statistics said. The consensus was for an 8 million print in a survey compiled by Bloomberg.

US consumer confidence rose to 108.7 this month from 99.2 in September, the Conference Board said. The consensus was for a 99.5 reading in a Bloomberg poll.

West Texas Intermediate crude oil was down 0.3% at $67.18 a barrel.

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