Group 1 - The Dow Jones Industrial Average is experiencing gains, primarily driven by American Express, which reported earnings of $4.14 per share on record revenue of $18.4 billion, surpassing Wall Street estimates [1] - Visa is also performing well as customers are increasingly using their credit and debit cards [2] - Walmart is investing in technology to enhance its online business, contributing to its positive stock performance [2] Group 2 - Shares of Zions Bancorp and Western Alliance Bancorp rebounded after previous losses, with Zions up 5.1% to $49.34 and Western Alliance up 2.2% to $71.94 [3] - Oracle's stock fell 5.5% to $296 due to investor skepticism regarding its artificial intelligence growth plans, indicating concerns about potential market bubbles [4] - Gold prices decreased by $52 to $4,254 per troy ounce, while silver dropped by $2.67 to $50.625, reflecting broader market concerns [4] Group 3 - The Standard & Poor's 500 Index rose by six points to 6,636, and the Nasdaq Composite Index increased by two points to 22,565, indicating a mixed market performance [5] - The Dow is the standout performer of the day, up 177 points to 46,129, largely attributed to American Express's strong results [5] - The 10-year Treasury yield rose back above 4% to 4.012%, while Bitcoin saw a decline of 2.2% to $105,859, down nearly 15% from its August all-time high [5]
Stock Market Today: AmEx rises as stocks look to regain footing
Yahoo Finance·2025-10-17 17:12