US Markets: Dow Jones and Nasdaq Index Today 19 July 2023

July 19, 2023 admin

US Markets: Dow Jones and Nasdaq Index Today: The US stock market indexes opened higher on Wednesday. Dow Jones opened 39.28 points higher at the 34991.21 level while S&P 500 made a positive opening of 8.89 points 4563.87 level. The tech-heavy Nasdaq also opened higher by 44.89 points at the 14398.53 level.

US Market News

The US stock Markets are extending their previous session gains despite the release of weak quarterly earnings by Goldman Sachs and soft housing data.

The share price of Goldman Sachs is currently trading higher by over 1 percent despite a sharp drop in quarterly earnings due to extraordinary charges. However, the lender’s topline beat analysts’ estimates and it hiked its quarterly dividend by 10 percent.

The regional lenders are trading higher as Citizen Financial Group and M&T Bank Corporation has beaten market expectation after their revenue getting boosted by rising interest rates

The used car seller Carvana’s share price is gaining more than 30% after a deal with its bondholders to cut more than $1 billion in debt. The share price of Tesla and Netflix is slightly trading higher ahead of the quarterly earnings, which are due after the closing bell.

On the economic front, the Department of Commerce reported that the US housing starts declined by 8 percent MoM basis in June, below the market estimates

Dow, S&P and Nasdaq Live Updates Today

US Market indexes at 12.25 ET- The US markets trimmed some intraday gains and are trading higher at this moment. Dow is trading higher by 154 points or 0.44 percent at 35106 levels, while S&P 500 is gaining by 12.62 points or 0.28 percent at 4567 levels. The tech-heavy Nasdaq index is also trading higher by 18.51 points or 0.13 percent at 14372 levels.

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