Stock Market Today Stocks Sizzle With Big Tech Earnings on Tap

Stock Market Today Stocks Sizzle With Big Tech Earnings on Tap

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Stock Market Today Stocks Sizzle With Big Tech Earnings on Tap

The major indexes notched a win ahead of the busiest week of Q3 earnings so far, with Alphabet and Apple among those reporting. (opens in new tab) (opens in new tab) (opens in new tab) Newsletter sign up Newsletter (Image credit: Getty Images) By Karee Venema published 24 October 2022 Stocks closed higher Monday, building on last week's gains ahead of the busiest week of the third-quarter earnings season thus far. Roughly one-third of the S&P 500 companies are scheduled to unveil their quarterly results this week. The earnings calendar is jam-packed with several Big Tech names, including Google parent Alphabet (GOOGL (opens in new tab), +1.4%) and iPhone maker Apple (AAPL (opens in new tab), +1.5%). The technology sector (+1.4%) performed well ahead of the release of these updates, though healthcare (+1.9%) was the top gainer today.
Where to Put Safe Money Today Not all of the day's price action was positive, though. U.S.-listed Chinese stocks like Alibaba (BABA (opens in new tab), -12.5%) and Baidu (BIDU (opens in new tab), -12.6%) spiraled after Xi Jinping over the weekend began his third term as president of China by consolidating the country's top leadership roles with loyalists.

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Profit and prosper with the best of Kiplinger's expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of Kiplinger's expert advice - straight to your e-mail. Sign up Despite the downside in Chinese stocks, the major indexes all finished with solid gains. The Dow Jones Industrial Average closed up 1.3% to 31,499, the S&P 500 Index gained 1.2% to 3,797, and the Nasdaq Composite rose 0.9% to 10,952. Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice. In economic news, both the flash manufacturing and services purchasing managers' indexes (PMIs) for October came in lower than economists were expecting, with each falling below the 50 mark, which signals contraction. "The flash PMIs showed significant weakness across both the service and manufacturing parts of the economy, which is good news for investors expecting the Fed to pause early next year," says Edward Moya, senior market strategist at currency data provider OANDA. "The flash manufacturing PMI dropped to the weakest levels since mid-2020. Barely testing contraction territory is still a big deal as demand softens and further pain is widely expected. The U.S. economy is making its way to a recession, but it won't be a steady decline as large parts of the economy still have strength."

The Best Blue-Chip Dividend Stocks

Dividend stocks never go out of style – and that has been especially true for investors looking to cushion the blow the broader market has inflicted on their portfolios this year. "Historically, dividends have played an important role in overall investor return," says John Osterweis, founder and co-chief investment officer at Osterweis Capital Management. "This is especially true in higher interest rate environments." Osterweis adds that during periods "when markets swoon, dividends account for 50% or more of overall S&P 500 returns, as was the case in the 1940s and 1970s."
Why Stock Buybacks Could Accelerate in Q4 Investors seeking out the best dividend stocks have no shortage of options to choose from, including quality companies with a history of solid dividend growth or those sporting high yields. To that end, we've compiled a list of these top Dow dividend stocks, each of which boasts above-market dividend yields and can offer value to investors in uncertain times.
Hedge Funds' 21 Top Blue-Chip Stocks to Buy Now Explore More Stock Watch Markets Stock Market Today Apple (AAPL) Alphabet/Google (GOOG) Baidu (BIDU) Alibaba Group (BABA) Karee VenemaContributing Editor, Kiplinger.comWith over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis. Latest 4 Ways You Can Take Advantage of a Down Market With markets down for the year, it may seem that all the news is bad. But now could be a good time to make some profitable moves. By Adam Grealish • Published 11 November 22 New, Used or Leased: Is Now the Time to Buy an Electric Vehicle? The Inflation Reduction Act created new tax breaks for electric vehicles. Here's a guide to which EVs count and the best time to buy. By Rivan V. Stinson • Published 11 November 22 You might also like Stock Market Today: Stocks Lift Off After Encouraging Inflation Report The major market indexes rallied to their best day in two years after data showed inflation slowed in October. By Karee Venema • Published 10 November 22 Stock Market Today: Stocks Snap Win Streak as Midterm Results Roll In A continued selloff in cryptocurrencies and crypto-related stocks put pressure on the broader market today, too. By Karee Venema • Published 9 November 22 Stock Market Today: Huge Crypto Deal Shakes Up Nasdaq News that crypto exchange Binance will buy its rival sent Bitcoin and several tech stocks into a tailspin. By Karee Venema • Published 8 November 22 Stock Market Today: Stocks Rise Ahead of Midterms The Dow outperformed thanks to a major M&A-related boost for drugstore chain Walgreens Boots Alliance. By Karee Venema • Published 7 November 22 Stock Market Today: Stocks Swing Wildly After October Jobs Data The major indexes ended with their first win of the week thanks to the latest jobs report. By Karee Venema • Published 4 November 22 Kiplinger's Weekly Earnings Calendar (Nov. 7-11) stocks Check out our earnings calendar for the upcoming week. By Karee Venema • Last updated 9 November 22 Stock Market Today: Stocks Fall Again as Fed Hangover Persists The major market indexes notched a fourth straight loss as Powell's rate-hike warning kept investor sentiment in check. By Karee Venema • Published 3 November 22 Stock Market Today: Stocks Post-Fed Pop Reverses After Powell Takes the Mic It was a volatile session on Wall Street as investors parsed over the Fed's latest policy statement and Powell's presser. By Karee Venema • Published 2 November 22 View More ▸ kiplinger About Us (opens in new tab) Terms and Conditions (opens in new tab) Privacy Policy (opens in new tab) Cookie Policy (opens in new tab) Kiplinger is part of Future plc, an international media group and leading digital publisher. Visit our corporate site.
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