Wall St ends higher amid mixed earnings, Trump-Xi meeting confirmed

Wall St ends higher amid mixed earnings, Trump-Xi meeting confirmed

By Stephen Culp

Thu October 23, 2025 5:36 PM  

Yesterday, with the draconian announcement that Trump was curbing electronic exports to China, the whole market tanked, not only due to that but to skepticism that next Tuesday’s Trump-Xi meeting would happen at all. Today came the announcement that the meeting was on and all three indexes soared from the open and all day. Q3 is moving right along with now over a quarter of companies reporting and with 86% beating estimates.  

Momentum is sufficient that S&P earnings growth forecasts today rose from the 9.3% it’s been sitting at for some time to 9.9%, and up considerably from the 8.8% three weeks ago. Because of the sanctions on Russian oil, world oil prices have been jumping but the flip side of that is that U.S. oil stocks have been buoyed by the resulting spike in U.S. crude. Volume came in at 19.07 billion, below the 20.62 average. 

DJ: 46,590.41  -334.33       NAS: 22,740.40  -213.27      S&P: 6,699.40  -35.95        10/22

DJ: 46,734.61  +144.20      NAS: 22,941.80  +201.40     S&P: 6,738.43  +39.03       10/23

Thu 10-23-25 5:36 pm Wall St ends higher amid mixed earnings, Trump-Xi meeting confirmed | Reuters