25 October 2023
The Dow Jones Industrial Average closed higher by 0.6%/204 points on Tuesday (24/10/23), while the Nasdaq jumped 0.9% and the S&P 500 gained 0.7%, as a slew of better-than-expected earnings reports and steady US Treasury yields lifted sentiment on the stocks ahead of the big tech companies earnings release, such as Microsoft and Google. Treasury yields steadied after a heavy selling a day earlier, but this decline does not yet reflect a fundamental change in asset allocation due to many market participants changing asset positions.
