NEW YORK, Oct 19 — Global stock indexes mostly rose yesterday following gains in US mega-cap technology and other growth names, while five-year Treasury yields rose to their highest levels since early 2020.
On Wall Street, the S&P 500 and Nasdaq ended up while the Dow edged lower. Shares of Apple, Facebook and Microsoft were among the biggest boosts to the S&P 500. “You’re going to get a heavier slate of earnings reports this week from a diverse set of industries,” said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, adding, “the path of least resistance remains higher going into earnings season for large-cap tech.”
The pan-European STOXX 600 index lost 0.50 per cent and MSCI’s gauge of stocks across the globe gained 0.12 per cent.