U.S. Stocks Weekly Review: S&P 500 Falls 0.47% and Nasdaq 0.71%; Ten Companies Account for About Two-Thirds of Expected Q3 Earnings Growth
U.S. stocks finished mixed in the week of October 19 to 23. The S&P 500 fell 0.47 percent for the week to close at 7,623.68, the Nasdaq Composite declined 0.71 percent to 25,955.34, and the Dow Jones Industrial Average gained 0.41 percent to 52,215.16, its third straight weekly advance.
The week swung back and forth. It began with an SI-led rebound as investors looked ahead to a heavy slate of earnings reports. Midweek, reports that two large technology companies had formed a committee to evaluate a potential merger lifted the market, sending the Nasdaq up more than 1 percent in a day and giving the S&P 500 a third straight winning close. On Thursday, worries over SI-related debt returned while oil prices rose on geopolitical concerns: the Nasdaq slid more than 2.5 percent and the S&P 500 fell more than 1 percent, their steepest single-day declines since June and July respectively. On Friday, the Dow closed down more than 1 percent, with the S&P 500 and Nasdaq also under pressure.
More closely watched than the weekly moves is the concentration of expected earnings growth. According to The Wall Street Journal, citing FactSet and Dow Jones Market Data, analysts expect S&P 500 third-quarter earnings to rise about 30 percent from a year earlier, but just ten companies — including Nvidia, Micron, Broadcom and Meta — account for roughly two-thirds of that expected growth, with Nvidia and Micron alone contributing 34 percent.
Source: GSM·USA
Source: GSM · USA (original Chinese edition)
Photo: 纽约证券交易所交易大厅。图片：Carol M. Highsmith，美国国会图书馆藏，公共领域 — via Wikimedia Commons
