HomeMarketsU.S. EconomyStock Market Today: Big Banks Kick Off Earnings, UAW Strike Continues, XOM Higher

Stock Market Today: Big Banks Kick Off Earnings, UAW Strike Continues, XOM Higher

The Dow Jones, S&P 500, and Nasdaq-100 all ended higher, but the Russell 2000 ended the week lower. Eight of the eleven S&P 500 sectors ended the week higher. The big banks kicked off their earnings this week, with JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) posing better-than-expected quarterly results. Exxon Mobil (XOM) shares closed higher after news of its $60B acquisition of Pioneer (PXD). The UAW strike marched on this week with its latest walk-out shutting down one of Ford’s (F) more important factories. Tune in to find out more about what to watch next week and the stock market today.

13 Oct 2023

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