Dow Rises as Regional Banks and Goldman Sachs Report Earnings

The stock market is up today, with major indexes rising following the release of earnings reports from regional banks.

The Dow Jones Industrial Average is up 0.4%, the S&P 500 is up 0.2%, and the Nasdaq Composite is up less than a tenth of a percent.

Regional banks are seeing strong gains, as larger banks report stabilizing deposits compared to earlier this year. The industry faced turmoil due to the failure of several lenders, but recent reports indicate signs of stability.

Carvana, an online used-car retailer, is up 32% after announcing it had reached an agreement with creditors to reduce its debt by over $1.2 billion.

Government bonds are also seeing gains, with benchmark 10-year Treasury yields falling slightly.

International markets are mixed today. The FTSE 100 index in the U.K. is up 1.9%, while the Stoxx Europe 600 index is up 0.3%. The Nikkei 225 index in Japan is up 1.2%.

Oil prices are down slightly today, with global benchmark Brent crude dropping by less than a percentage point to $79.48 per barrel.

Overall, the stock market is up today and there are signs of stability in the banking sector. Investors will be watching earnings reports from major companies later today for more clues about the health of the economy.