The New York market rose for a 3rd straight trading day. The Dow Jones Industrial Average ended up $195.60 from the previous day, while the Nasdaq fell back. Retail and consumer goods stocks attracted buying ahead of upcoming earnings announcements.
In Monday trading on the 12th, the Dow rose sharply in the New York stock market, while the technology-heavy Nasdaq fell. The Dow ended up $195.60 from the previous day at $51,850.55.
The bond and foreign exchange markets were closed for the Columbus Day holiday, and although the stock market lacked fresh catalysts, retail and consumer goods stocks attracted buying ahead of the full-scale start of the earnings season.
Market participants are watching how upcoming earnings announcements unfold.