Stock Market Today

2022 - 10 - 26

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Image courtesy of "TipRanks"

Stock Market Today – Indices are Mixed; New Home Sales Beat ... (TipRanks)

Last Updated at 10:00AM EST Stock indices are mixed 30 minutes into today's trading session. As of 10:00 a.m. EST, the SP 500 and the Nasdaq 100 were down ...

[DJIA](/index/dow-jones)) dipped 0.05%, while those on the S&P 500 ( [SPX](/index/spx)) lost 0.61%, as of 6.49 a.m. Meanwhile, the Nasdaq 100 ( [NDX](/index/nasdaq-100)) futures retracted 0.53%. This uncertainty is keeping the market fragile and vulnerable to wide swings driven by emotional investing. At the beginning of the year, the supply of houses was 5.6 months. In contrast, the supply in September 2021 was only 6.1 months. The New Home Sales metric measures the number of single-family homes sold in the prior month (on an annualized basis). EST, the S&P 500 and the Nasdaq 100 were down 0.3% and 1.4%, respectively. On Wednesday, the Census Bureau released its United States New Home Sales data, which came in at 603,000. The mortgage rate increased to 7.16% compared to last week’s reading of 6.94%. This indicates that sentiment in the real estate market is falling, which is consistent with other data that has been released so far. EST, the S&P 500 and the Dow Jones Industrial Average were up 0.5% and 0.9%, respectively. On Wednesday, the Mortgage Bankers Association released its weekly report for the U.S.

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Image courtesy of "Barchart.com"

Markets Today: Stocks Tumble as Alphabet and Microsoft Earnings ... (Barchart.com)

Morning Markets December S&P 500 futures (ESZ22 ) this morning are down by -0.90%. U.S. stock index futures are being weighed down by a slump in mega-cap ...

[GOOGL](https://www.barchart.com/stocks/quotes/GOOGL/overview)) tumbled more than -6% in pre-market trading after reporting Q3 Google advertising revenue of $54.48 billion, weaker than the consensus of $56.98 billion. [TXN](https://www.barchart.com/stocks/quotes/TXN/overview)) after it forecasted Q4 revenue of $4.40 billion-$4.80 billion, below the consensus of $4.93 billion. All information and data in this article is solely for informational purposes. Also, the China Securities Regulatory Commission said it will accelerate the building of capital markets that are “regulated, transparent, open, robust and resilient.” The comments were made to alleviate pressure on Chinese stocks and the yuan, which fell to a 14-year low against the dollar this week, on concern China will shift toward more state control versus a market-driven economy after Chinese President Xi Jinping moved to stack his leadership ranks with loyalists. Alphabet is down more than -6% after reporting Q3 Google advertising revenue of $54.48 billion, weaker than the consensus of $56.98 billion. Japan’s Nikkei Stock Index today rallied to a 5-week high and closed moderately higher. Also, optimism that the recent yen weakness will boost corporate earnings is giving equity markets a boost. inventory news is supportive for stocks after Sep wholesale inventories rose +0.8% m/m, weaker than expectations of +1.0% m/m. Also, Sep retail inventories rose +0.4% m/m, weaker than expectations of +1.2% m/m. On the positive side for stocks, shares of Hilton Worldwide Holdings, Kraft Heinz, and Bunge Ltd are climbing in pre-market trading after reporting better-than-expected Q3 earnings results. The Euro Stoxx 50 today fell back from a 6-week high and is moderately lower. Asian markets today closed higher.

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