Market Overview - The Dow Jones Industrial Average reached a new high, driven by optimistic earnings reports from key components like General Motors, Coca-Cola, and 3M [1][6] - The Nasdaq index experienced a slight decline, while the S&P 500 remained flat [1] Technology Sector - Major tech stocks showed mixed performance ahead of earnings reports, with Amazon rising by 2.56% while Google, Tesla, and Nvidia saw declines [2] - Market strategist Anthony Saglimbene noted that if the tech giants meet elevated profit expectations, it could lead to further market gains [2] Gold Market - International gold prices saw a significant drop, with COMEX gold falling by 5.39%, leading to a widespread decline in gold stocks [3] - Notable declines included AngloGold down 11.38% and Barrick Gold down 9.27% [3] Company Earnings - Netflix reported Q3 revenue of $11.51 billion, a 17.2% increase year-over-year, but fell short of analyst expectations, resulting in a post-earnings drop of over 6% [4][5] - Coca-Cola's Q3 revenue grew by 5% to $12.455 billion, with net profit increasing by 29%, leading to a 4.11% rise in stock price [5] - General Motors' stock surged nearly 15% after raising its full-year adjusted core profit forecast to between $12 billion and $13 billion, with Q3 adjusted EPS at $2.80, exceeding market expectations [6] Chinese Stocks - The Nasdaq Golden Dragon China Index fell by 0.97%, with notable declines in Alibaba and NIO, while some stocks like Bilibili and New Oriental saw gains [7]
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