Disclaimer: thisOn Wall Street: Dow up 1.6 per cent, S&P 500 up 1.2 per cent, Nasdaq up 1.2 per cent.Spot gold: Down 0.5 per cent to $US1995.85 an ounceIs Australia's economy facing a Wile E Coyote moment?
All three major US stock indexes closed up more than 1 per cent, bouncing back from the previous week's sell-off. Third-quarter earnings season, firing on all cylinders, has reached its halfway point, with 251 of the companies in the S&P 500 having reported. Of those, 78 per cent have beaten Wall Street estimates, according to LSEG.
In the coming week, Caterpillar, Apple, Pfizer and Starbucks are among the higher-profile companies expected to post results.
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