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Stock Market Today: Treasury rebound gives stocks a lift; mega-cap tech earnings on deck

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Investors are waking up to a huge day on Wall Street, with a host of third quarter earnings, PMI data, a 2-year note auction and mega-cap tech updates all on the slate.

U.S. equity futures bumped higher Tuesday, thanks to an extended pullback in Treasury bond yield and a modestly softer dollar, as investors look to a crucial day of earnings reports on Wall Street that includes updates from mega-cap tech giants Microsoft

Benchmark 2-year notes, meanwhile, were last seen trading at 5.075%, down around 5 basis points from Monday levels, ahead of a $51 billion auction later in the session. Oil prices inched back above the $90 market in overnight trading as a result, with Brent crude contracts for December delivery rising 18 cents to $90.03 per barrel and WTI futures for the same month adding 15 cents to $85.64 per barrel.

 

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