US stocks advance as earnings, guidance beat forecasts

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York City, U.S., October 20, 2023. REUTERS/Brendan McDermid/File Photo

All three major U.S. stock indexes were higher, with interest rate sensitive megacaps providing much of the upside lift as benchmark Treasury yields held steady, comfortably below their recent spike to 5%. Third quarter earnings season has shifted into high gear, and this week nearly a third of the companies in the) hiked its annual sales outlook, sending its stock up 2.9%, while 3M rose 4.5% on the heels of its upbeat quarterly report.On the economics front, business activity in the U.S. has ticked higher this month, according to S&P Global's advance"flash" purchasing managers' indexes.

On Friday, the Commerce Department is expected to follow with its closely watched Personal Consumption Expenditures report, which analysts expect will provide further evidence that inflation is slowly cooling down toward the Federal Reserve's average annual 2% target rate.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

US Stock Market's Stellar 2023 Run Under Threat as Bond Vigilantes Make a ComebackStocks Analysis by James Picerno covering: Vanguard Total Stock Market Index Fund ETF Shares, LPL Financial Holdings Inc, United States 10-Year, SPDR® Bloomberg High Yield Bond ETF. Read James Picerno's latest article on Investing.com
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Stock Market Today: Dow falls as energy stocks weigh; big tech earnings eyedStock Market Today: Dow falls as energy stocks weigh; big tech earnings eyed
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Agilysys’ stock jumps on revenue, earnings beatJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Crane’s stock rallies more than 5% after Q3 beat, deal to buy piping companyClaudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter ClaudiaAssisMW.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »