Markets Mixed Again; DECK, SKX Beat After the Bell

Company Performance - Deckers Outdoor (DECK) reported fiscal Q2 earnings of $1.59 per share on revenues of$1.31 billion, exceeding Zacks consensus estimates of $1.22 per share and$1.20 billion in revenue, leading to an 8% increase in shares [2] - Skechers (SKX) achieved Q3 earnings of $1.26 per share and record-high revenues of$2.35 billion, surpassing expectations of $1.15 per share and$2.32 billion in revenue, resulting in a 13.5% rise in shares [3] Economic Indicators - The S&P Manufacturing PMI improved to 47.8 from an expected 47.5, while the Services PMI remained at 55.3, indicating moderate economic activity [4] - New Home Sales for September were reported at 738K, exceeding the estimate of 720K and the previous month's 709K, suggesting a positive sentiment influenced by lower mortgage rates [4] Market Overview - The stock market showed mixed results, with the Dow down 140 points (-0.33%) primarily due to a 6% drop in IBM shares following a mixed Q3 report, while the S&P 500 and Nasdaq rose by 0.21% and 0.76% respectively [1]