"Strong Earnings Propel US Stocks and Dow Jones Giants to Rebound"

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Source: Reuters
"Strong Earnings Propel US Stocks and Dow Jones Giants to Rebound"
Photo: Reuters
TL;DR Summary

US stocks advanced as a wave of strong corporate earnings and positive forecasts boosted investor confidence, leading to a broad market rally. Benchmark Treasury yields remained steady, supporting interest rate-sensitive megacap stocks. Companies such as Verizon, General Electric, Coca-Cola, 3M, and RTX beat Q3 estimates, driving their stock prices higher. The S&P 500 is expected to see a robust acceleration in third-quarter GDP, while analysts anticipate further evidence of cooling inflation in the upcoming Personal Consumption Expenditures report. High-profile companies like Alphabet, Microsoft, and Ford are set to report their Q3 results after the bell.

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