Dow slips from record as earnings season picks up steam: Live updates

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The Dow and S&P 500 both closed at record highs on Monday.

So far, about 40 S&P 500 companies have reported third-quarter results. Of those, 80% have beaten analyst expectations, per FactSet.to all-time highs. Notably, the Dow added more than 200 points to finish above the 43,000 mark for the first time.

While the headline index slumped, the expectations index for activity six months ahead rose to 38.7, an increase of 8.1 points.topped Wall Street analysts' estimates. Though shares have jumped more than 14% year to date, the analyst noted that it's underperformed its peers this year, fueling "muted" sentiment around the name. As a result, Zaremski also cut his target by $6 to $84, which reflects more than 8% upside from Monday's close.reported third-quarter financial results before the bell that beat expectations. Adjusted earnings per share came in at $2.42, topping the $2.21 expected from analysts polled by LSEG. Its revenue was $22.

As earnings season gets underway, the analyst believes that McDonald's performance domestically is "looking brighter." Financial institutions such as Goldman could benefit as the Fed continues to reduce rates. Shares have rallied 36% this year.Walgreens reported adjusted earnings of 39 cents per share, more than the per-share earnings of 36 cents expected by analysts polled by LSEG. Revenue of $37.55 billion topped the forecasted $35.76 billion.

"We are upgrading ED to Buy on the view that the upcoming O&R and CECONY will result in favorable EPS accretion of ~2.7% in '26 due to regulatory priorities, datacenter noise in staff calculation, & treasury rate movements before considering potential favorable future NY legislation," he wrote in a note to clients this week.

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