LONDON, Oct 25 - Stocks seesawed on Wednesday after the latest round of earnings prompted concern among investors over the economic outlook, as even Google parent Alphabet disappointed, adding to the angst over painfully high interest rates.
U.S. Treasuries held onto a bounce-back after the 10-year yield breached 5% on Monday. The 10-year note last yielded 4.857%. "Stocks have picked up somewhat in the past 24 hours, but it’s now up to Meta tonight and Amazon tomorrow to provide the kind of good news that might give stocks a reason to rally into month-end."
Adding a gloomier note was a report that Country Garden , China's biggest private property developer, had been deemed in default on a U.S. dollar bond for the first time.
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