(Sharecast News) - Wall Street stocks were in the green at the end of trading as market participants digested more Q3 earnings reports from major banks.
At the close, the Dow Jones Industrial Average was up 1.86% at 30,185.82, while the S&P 500 advanced 2.65% to 3,677.95 and the Nasdaq Composite saw out the session 3.43% stronger at 10,675.80.
The Dow closed 550.99 points higher on Monday, reclaiming some of the previous session's heavy losses.
Earnings were again the primary focus of investors on Monday, with banking giant Bank of America posting a drop in year-on-year profits despite witnessing better-than-expected fixed-income trading and improved interest income in Q3, while Bank of New York Mellon shares rose in early trading after reporting that Q3 revenues had risen from $4.25bn to $4.26bn, while earnings per share came to $1.21, up from $1.09 a year earlier and ahead of consensus estimates of $1.08 per share.
Still to come this week, Goldman Sachs, Netflix, Tesla, IBM, Johnson & Johnson, United Airlines, AT&T, Verizon and Procter & Gamble will all report over the next five days.
In other corporate news, Credit Suisse has agreed to pay nearly $500m over claims it misled investors about mortgage-linked investments in the US. The Swiss lender said on Monday that it had agreed to make a one-time payment of $495m after it reached the final settlement with the New Jersey attorney general.
On the macro front, manufacturing activity in the New York area contracted in October for the third month in a row, according to a survey released on Monday. The New York Fed's Empire State general business conditions index fell eight points from September to -9.1.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
JP Morgan Chase & Co. (JPM) $115.87 4.20%
Microsoft Corp. (MSFT) $237.53 3.92%
Salesforce.Com Inc. (CRM) $147.14 3.49%
American Express Co. (AXP) $141.58 3.46%
Walt Disney Co. (DIS) $97.39 3.05%
Apple Inc. (AAPL) $142.41 2.91%
Nike Inc. (NKE) $89.97 2.76%
Cisco Systems Inc. (CSCO) $41.30 2.74%
Goldman Sachs Group Inc. (GS) $306.71 2.24%
Boeing Co. (BA) $136.09 2.21%
Dow Jones - Fallers
Walgreens Boots Alliance, Inc. (WBA) $33.00 -0.72%
Honeywell International Inc. (HON) $0.00 0.00%
Dowdupont Inc. (DWDP) $0.00 0.00%
3M Co. (MMM) $113.81 0.20%
Dow Chemical Co. (DOW) $45.26 0.31%
Amgen Inc. (AMGN) $252.93 0.63%
Walmart Inc. (WMT) $131.37 0.72%
Chevron Corp. (CVX) $161.22 0.73%
Travelers Company Inc. (TRV) $164.73 0.92%
International Business Machines Corporation (CDI) (IBM) $121.64 1.23%
S&P 500 - Risers
Dish Network Corp. (DISH) $13.91 7.33%
Netflix Inc. (NFLX) $245.10 6.57%
Amazon.Com Inc. (AMZN) $113.79 6.45%
Apartment Investment & Management Co. (AIV) $7.10 6.29%
Intuit Inc. (INTU) $403.74 6.22%
Nordstrom Inc. (JWN) $19.22 6.13%
Bank of America Corp. (BAC) $33.62 6.06%
Nvidia Corp. (NVDA) $118.88 5.89%
Meta Platforms Inc. (META) $134.04 5.74%
ProLogis (PLD) $105.25 5.73%
S&P 500 - Fallers
Kroger Co. (KR) $42.11 -2.43%
Charles Schwab Corp. (SCHW) $67.47 -2.25%
CIGNA Corp. (CI) $289.86 -1.82%
Altria Group Inc. (MO) $44.60 -1.41%
J. M. Smucker Co. (SJM) $139.97 -0.75%
Walgreens Boots Alliance, Inc. (WBA) $33.00 -0.72%
Alaska Air Group Inc. (ALK) $41.53 -0.72%
Campbell Soup Co. (CPB) $50.01 -0.71%
Kraft Heinz Co. (KHC) $35.49 -0.67%
Applied Materials Inc. (AMAT) $74.41 -0.55%
Nasdaq 100 - Risers
Mercadolibre Inc. (MELI) $850.66 12.39%
Dish Network Corp. (DISH) $13.91 7.33%
Tesla Inc (TSLA) $219.35 7.01%
Workday, Inc. (WDAY) $148.94 6.70%
Netflix Inc. (NFLX) $245.10 6.57%
Amazon.Com Inc. (AMZN) $113.79 6.45%
Intuit Inc. (INTU) $403.74 6.22%
Nvidia Corp. (NVDA) $118.88 5.89%
Meta Platforms Inc. (META) $134.04 5.74%
Expedia Group Inc. (EXPE) $95.28 5.55%
Nasdaq 100 - Fallers
Qurate Retail Inc. (QRTEA) $2.09 -0.95%
Walgreens Boots Alliance, Inc. (WBA) $33.00 -0.72%
Kraft Heinz Co. (KHC) $35.49 -0.67%
Applied Materials Inc. (AMAT) $74.41 -0.55%
Activision Blizzard Inc. (ATVI) $71.76 -0.51%
KLA-Tencor Corp. (KLAC) $263.22 -0.18%
Regeneron Pharmaceuticals Inc. (REGN) $735.96 -0.01%
Citrix Systems Inc. (CTXS) $103.90 0.00%
Alexion Pharmaceuticals Inc. (ALXN) $0.00 0.00%
Xilinx Inc. (XLNX) $0.00 0.00%