Oct 31 - Wall Street's main indexes closed higher on Tuesday as investors looked ahead the Federal Reserve's monetary policy update while they digested a mixed batch of earnings reports.
"All roads right now lead back to long-term rates which impact equities," said Samana, adding that in stocks some investors may be encouraged by the idea that,"the recent sell-off brings us back to fairly valued from over-valued levels." And on Friday, equity investors will also be monitoring the October U.S. jobs report and the Treasury market's reaction.
Bassuk also pointed to mixed earnings reports and companies"messaging concerns about upcoming quarters with energy prices rising and increasing uncertainty" around wars in Israel and Ukraine that are"showing no end in sight." Nvidia shares fell after a report said the latest U.S. curbs could force the chip designer to cancel billions of dollars of orders to China.
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