Stock Market Today: Stocks Finish Mixed as Q3 Earnings Season Kicks Off

The main markets opened higher thanks to solid bank earnings but sentiment fizzled into the close.

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Stocks started the day on solid footing as investors cheered the first round of big bank earnings. However, sentiment waned as the session wore on, with market participants spooked by a disappointing consumer sentiment reading and rising geopolitical tensions.  

All three main benchmarks were in positive territory to start the day after several of the country's largest banks posted stronger-than-expected third-quarter results. JPMorgan Chase (JPM, +1.5%), for one, said earnings jumped 39% year-over-year to $4.33 per share, while revenue rose 21% to $40.7 billion. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.