Stock Market Today: Dow closes higher amid better-than-expected corporate earnings

Investing.com -- The Dow closed higher Tuesday as a slew of better-than-expected corporate earnings and steady Treasury yields lifted sentiment on the stocks ahead of the big tech earnings.

“We expect Microsoft to continue to communicate optimizations are ongoing and new workloads remain modest as IT budgets stay tight, resulting in prudence around core Azure growth for F2Q24,” RBC said in a Tuesday note. Google, meanwhile, is “well positioned” heading into earnings, Wedbush says, supported by ongoing digital advertising growth in 3Q and 4Q.Treasury yields steadied after a selloff a day earlier, but the move lower doesn’t appear to be a “fundamental shift in investors’ sentiment of policy or the underlying economy, but rather a number of larger players shifting positions,” Stifel said in a note.

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