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Stock Market Today

Wednesday, October 24 2018

Daily Updates

Stock Market Today: October 23, 2018

Harvey S. Katz, CFA and John E. Seibert III | 10/23/2018

Earlier today, market action across several indices started with sharply lower trading. Indeed, the Dow Jones Industrial Average lost more than 548.62 points (compared to the previous close), while the S&P 500 index was down by 64.45 points. In addition, the NASDAQ hit correction territory (down 10%) from the all-time high set in August. And, the S&P 500 and NASDAQ closed below their respective 200-day moving averages. In all, the market ended moderately lower.

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Stocks Highlights

Dow 30 Earnings: Verizon Communications Third Quarter 2018

Kenneth A. Nugent | 10/23/2018

Verizon Communications (VZ), the telecommunications giant and Dow-30 component, reported favorable third-quarter financial results. Investors cheered on the company's good fortune, and the stock was up 3% on the news.

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Stocks Highlights

Dow 30 Earnings: United Technologies Third Quarter 2018

Erik M. Manning | 10/23/2018

Industrial conglomerate United Technologies reported third-quarter results that beat expectations in terms of both revenues and earnings. The Dow-30 component also raised its full-year 2018 outlook. However, the stock was unable to generate any significant positive momentum on a morning where the Dow fell sharply at the opening bell.

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