Dow Rallies Over 550 Points Amid Mixed Earnings

U.S. stock indexes traded near record highs as the Dow Jones Industrial Average surged more than 550 points amid an active corporate earnings season and macro worries about a prolonged government shutdown and an upcoming inflation report. Results were mixed: IBM fell on a cloud-software slowdown, Tesla dropped after a profit shortfall and a 63,619‑vehicle Cybertruck recall, and Molina Healthcare plunged after cutting its annual profit forecast, while American Airlines and Honeywell raised guidance. Several industrial and consumer firms, including General Motors, RTX, Danaher, Coca‑Cola and Warner Bros. Discovery, topped estimates and provided upside. Apple and Salesforce were among the leaders that helped power the intraday rally. Internationally, India’s markets extended a six‑session rally on hopes for a U.S.-India trade deal and reduced tariffs, and strong profits at major NYSE firms raised expectations for record Wall Street bonus pools if current trends continue.