Wall Street Gloomy Over the Weekend

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On Friday, most US stocks traded flat after yesterday's mixed session.


Investors are scrutinizing the latest corporate earnings reports and volatility in US Treasury yields.


Defense company L3 Harris saw its shares jump more than 4% after beating earnings expectations.


In contrast, Dexcom shares fell 4% despite a strong quarterly performance.


In regular trading, the Dow Jones Industrial Average fell 0.33%, marking its fourth straight day of losses.


The decline was driven by disappointing earnings from major companies such as IBM, Honeywell and Boeing.


However, the S&P 500 and Nasdaq Composite saw gains, driven by strong performance in the technology sector.


Tesla made headlines with a staggering 21.9% surge, adding more than $100 billion in market value after a strong third-quarter profit report and an upbeat sales forecast for next year.


UPS and ServiceNow also posted strong gains due to strong earnings and better forecasts.

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