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Comic: S&P 500, Nasdaq Face Big Test In Week Ahead As Mega-Cap Tech Earnings Loom

Published 10/17/2020, 07:29 AM
Updated 10/17/2020, 07:31 AM

By Jesse Cohen

Investing.com - Stocks on Wall Street ended mixed on Friday, with the Dow Jones Industrial Average posting its first daily gain in four sessions to cap off another volatile week.

The Dow closed 112 points higher, or about 0.4%, at 28,606. The S&P 500 ended little changed, settling at 3,483. The Nasdaq Composite meanwhile ended the day down around 0.4% at 11,671.

For the week, the Dow and S&P 500 rose 0.1% and 0.2%, respectively, to notch their third straight weekly gain. The Nasdaq meanwhile climbed 0.8%, posting a four-week winning streak.

Several companies kicked off the third quarter earnings season in the past week with better-than-expected results. JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS) all reported stronger reports than analysts had forecast.

U.S. stocks could face more volatility in the week ahead as Q3 earnings season shifts into high gear with reports expected from many of the big-name U.S. technology stocks, including Tesla (NASDAQ:TSLA), Netflix (NASDAQ:NFLX), IBM (NYSE:IBM), and Intel (NASDAQ:INTC).

The week after that then sees high-profile companies such as Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB), and Google (NASDAQ:GOOGL) all release their quarterly results.

To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics

Latest comments

evryone
hi
That Barron short story on Amazon yesterday crushed my calls 😔
It wasn't because of that story... it was because of the monthly options expiration and too much money on the call side causing premiums to be too high. I hope they weren't 10/16 expirations. If so sorry for your loss. If they were learn not to hold monthly expires until expiration and take profits way ahead of time.
If they were further out then hold. AMZN formed a cup and handle patter friday which is bullish. Also if they are 10/30's or later AMZN ER is on 10/29 and should see a decent run up. I'd close before ER because of market volatility... too much of a gamble for naked calls.
Powell should be wearing mask?
Nq will test the march low again soon
That low
I think so but after posting the earnings
5-8 successful companies reflect the market the market, the rest of 98% is down
NASDAQ Skyrockets ahead of reports.
what will be the market in coming week from 19th october
It will be going up, sir.
how long
At least until 11.3. I am contrarian investor and heavily bet that Nq will shoot up betond 11.3. Growth still dominates over Value. Real test is mid Dec.
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