Nasdaq hits new highs despite poor earnings growth | Real Time Headlines

This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

Nasdaq hits new high
Friday, Nasdaq Index record high,but S&P 500 Index and Dow Jones Industrial Average fell and ended their six-week winning streak. Asia Pacific market Mixed Monday. Japanese Nikkei 225 Index rose about 1.8%, JPY The U.S. dollar fell to a three-month low against the U.S. dollar on the back of the country’s election results.

The biggest drop since the epidemic
China industrial profits in September A decrease of 27.1% compared with the same period last yearaccording to the country’s National Bureau of Statistics. That’s the biggest drop since the pandemic began in March 2020, according to Wind Information, which excludes statistics for most of 2022, when China implemented a strict zero-COVID-19 policy.

Oil prices fall on ‘limited damage’
price of both Brent and West Texas Intermediate Oil Oil futures Dropped more than 4% on Monday. This is after iranian media It said Israel’s weekend attacks on its military installations caused “limited damage.” Citi lowered its Brent crude oil price forecast for the next three months by US$4 to US$70 per barrel.

Japan’s ruling coalition loses parliamentary majority
Japan’s Liberal Democratic Party and its Komeito partners will Lose parliamentary majorityaccording to projections from the Corporation for Public Broadcasting Japan Broadcasting Corporation and publishing Nikkei Asiawhile the opposition camp has made significant progress. The yen fell against the dollar amid political uncertainty.

(PRO) A very, very busy week in the market
This week is full of Important Earnings and Economic Data. Five of the seven largest companies reported earnings. The September Personal Consumption Expenditure Index report and the main October employment report are also due out this week.

this Nasdaq Index Successfully won for the seventh consecutive week.

The index closed at a record high after rising 0.56% on Friday, ending the week 0.2% higher.

However, other major U.S. indexes have underperformed. both S&P 500 Index and Dow Jones Industrial Average Friday’s decline broke their six-week streak of positive momentum.

Tech-heavy Nasdaq gets boost Tesla’s Monster rally. Investors are also looking forward to earnings reports from major tech companies this week: Yuan, Amazon and Microsoft The amount added is up to 1%.

Earnings season has been a mixed bag so far. FactSet data shows that while nearly three-quarters of S&P companies beat expectations, Profit growth fell short of expectationsdisappointing investors.

Tesla There is one Two-day monster rally Last week, that helped it recoup all its losses for the year. But more than half of the 20 largest companies have seen their Shares fall after financial data release CNBC’s Pia Singh noted last week.

Because most of these companies are from industries other than technology, their losses have dragged down the S&P and Dow Jones, especially since a large portion are components of the 30-stock index. In fact, about 90% of the Dow Jones stocks posted losses this week.

For example, Coca Cola It beat Wall Street’s profit and revenue expectations, but its shares still fell. As CEO James Quincey said on the post-earnings conference call, investors may be disappointed by the news that consumers are buying fewer Coca-Cola products and troubled by the headwinds the company believes will hinder its growth in 2025.

Five of the Big Seven are set to report earnings and key economic data this week, and investors are hoping all the numbers will pay off — if not jackpots, then at least get the S&P and Dow back on track. Green.

—CNBC’s Brian Evans, Pia Singh and Alex Harring contributed to this report.