Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.6%), Nasdaq Composite (-1.1%), and DJIA (-0.7%) have traded in a relatively stable range above their session lows reached around 2:00 ET. 

Q3 earnings reports continued to be a driver of price action, though today's batch featured a few prominent misses. Netflix (NFLX 1116.80, -124.55, -10.03%) holds a double-digit loss after an earnings miss. While the company attributed the miss to a one-time Brazilian tax payment item, the stock has not yet seen any buy-the-dip interest despite an otherwise solid report. 

The market is set to receive another sizable batch of earnings releases after the close, including Tesla (TSLA 437.83, -4.77, -1.08%), which kicks off the mega-cap earnings. 

Lam Research (LRCX 140.25, -4.79, -3.30%) and IBM (IBM 287.60, +5.55, +1.97%) are other prominent tech names that will also deliver their earnings after the close.