US stocks fell slightly on Monday as investors waited for several companies to share their earnings reports for the third quarter.
Some major banks like Citigroup, Bank of America and Goldman Sachs will release their earnings, along with big tech and consumer brands like Netflix, TSMC and Walgreens.
JPMorgan Chase and Wells Fargo had strong earnings, sending their share prices up 4.4% and 5.6%, respectively.
The situation helped push the Dow Jones to the highest level with an increase of 0.97% in addition to the S&P 500 also increasing by 0.61% and the Nasdaq Composite up 0.33%.
On the other hand, Tesla saw its share price drop by 8.8% due to the less than impressive robotaxi event.
Investors are also in a state of uncertainty ahead of the upcoming US presidential election, a possible change in the Fed's interest rate), and the growing risk of conflict in the Middle East.
Meanwhile, Asia Pacific markets opened positively, influenced by China's weekend briefing that hinted at further economic stimulus.
China's finance minister hinted at more debt issuance to support the economy, but the country's deflationary pressures are mounting, with consumer prices rising slowly and producer prices falling faster than expected.
Investors are closely watching upcoming Chinese economic data, including trade and GDP figures.
Investors await the latest corporate earnings reports and economic indicators to assess the economic outlook amid mixed signals from both the US and Asia.
