Stocks rise, oil drops; big tech-related earnings on tap this week

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NEW YORK, Oct 28 - Global stock indexes rose on Monday as investors awaited earnings reports this week from several of the biggest U.S. tech-related companies, while oil prices fell sharply after Israel's retaliatory strike against Iran at the weekend bypassed oil and nuclear facilities.

U.S. earnings season is in full swing, with a long list of names due to report this week including five of the biggest U.S. companies: Google parent Alphabet , Microsoft , Facebook owner Meta Platforms , Apple , and Amazon.com . The election for U.S. president is expected to be close. Vice President Kamala Harris, a Democrat, was leading Republican Donald Trump nationally by a marginal 46% to 43%, a recent Reuters/Ipsos poll showed. U.S. voters head to the polls on Nov. 5.

Energy shares eased along with oil prices. The S&P 500 energy sector , was down 0.8%., and U.S. crude oil futures fell $4.40, or 6.1%, to settle at $67.38 a barrel.The Dow Jones Industrial Average , rose 296.60 points, or 0.70%, to 42,411.00, the S&P 500 , rose 22.64 points, or 0.39%, to 5,830.76, and the Nasdaq Composite , rose 85.99 points, or 0.46%, to 18,604.59.

 

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