Wall St ends sharply higher as earnings optimism fuels risk appetite
By Stephen
Culp
Mon October 20, 2025 4:16 PM
All it took was a few more positive Q3 reports to change sentiment to seeing the big sell-off late last week over an impending credit crisis as an overreaction. More positive banking reports came in as well as a big boost from tech which shot all the indexes way up from the outset and staying there all day. This week will also include reports from Tesla, Netflix, IBM, Intel, GM and Ford along with a mix of other high profile industrial firms. More regional bank results are also coming which will hopefully ease the fear of credit stress.
The anxiety over tariffs and the tax bill has subsided for the time being and another big help came from Washington where more than one high-profile insider has gone on record predicting the shutdown will end this week. Trump has also continued to dial back on his China rhetoric. Despite the new-found optimism, caution remains in the air as reflected in the considerably below average volume of 17.5 vs the 4-week of 20.2 billion.
DJ: 46,190.61 +238.37 NAS: 22,679.98
+117.44 S&P: 6,664.01 +34.94 10/17
DJ: 46,706.58 +515.97 NAS: 22,990.54 +310.57 S&P: 6,735.13 +71.12 10/20
No comments:
Post a Comment