Trading Day: Earnings season debuts to mixed reviews
On Tuesday, October 13, 2023, U.S. stocks experienced a subdued trading day as big banks reported mixed earnings and investors awaited the release of a crucial inflation report on Wednesday. The S&P 500 ended the day essentially flat, while the Nasdaq closed slightly lower, impacted by weakness in the semiconductor sector. Analysts anticipate year-over-year S&P 500 earnings growth of 30.6% for the July-September quarter, according to LSEG data.
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