Stocks boosted ahead of the closing bell, industrial sector leads gains
Stocks are moving higher for the second straight day, largely driven by earnings action, with all three major indices in the green.
SEANA SMITH: Well, let's take a look at today's market action because for the second day in a row, we're looking at gains. A lot of the activity being driven by the earnings results that we got before the bell. You're looking at the Dow up 233 points off the highs of the day, but still well in positive territory. The NASDAQ holding onto gains, coming off its best day that we've seen since July, moving to the upside once again today, now up another 4/10 of a percent.
Taking a look at the S&P, now above 3,700, and you're looking at a 7/10 of a percent gain today. Russell 2000, that small cap index also moving to the upside in this afternoon trading. Let's take a look at the bond market here. 10-year yield pulling back just a bit, but still right around 4.01.
And you're looking at the 30-year yield, up a bit today, up one basis point at 4.03. Taking a look at some of the sector action today, we're really looking at gains across the board. Industrials, utilities, materials leading today's gains here, but still, technology and healthcare holding on to some of those gains.
I mentioned some of the outperformers that we're seeing today because of earnings. Let's take a look at some of these bank names. Goldman was out with the results before the bell this morning. They're up nearly 2%. But you're really looking at gains across some of the largest banks here. JPMorgan up nearly 2%. Bank of America up 3% today. Morgan Stanley up just around 2 and 1/2%.
Also some gains here across the travel sector. You're looking at some of the airlines, with Delta up just over 2%. United, we'll be getting earnings from them after the bell this afternoon. That stock up another 2% today. And American leading the way there, up just about 3%.