Overview
- U.S. stocks closed mixed on Friday, with the Dow up 74.80 points to 46,987.10, the S&P 500 up 8.48 to 6,728.80, and the Nasdaq down 49.45 to 23,004.54.
- The nation’s longest federal shutdown has blacked out official economic data and coincided with a sharp University of Michigan consumer sentiment drop to a multi‑year low.
- Stocks recovered from early lows after signs that lawmakers were trading proposals on reopening the government.
- With 446 S&P 500 companies reported, about 83% beat estimates and analysts now see roughly 16.8% year‑on‑year Q3 earnings growth.
- Technology lagged as Microchip Technology fell 5.2% on a weak sales outlook and Tesla dropped 3.7%, while Expedia jumped 17.6% on strong B2B bookings and Block and Take‑Two declined after disappointing updates.