"Earnings Deluge Boosts Stocks as Big Tech Takes Center Stage: Market Update"

Stocks rose as investors awaited a wave of earnings reports from tech giants and other major companies. The Dow Jones, S&P 500, and Nasdaq Composite all gained about 0.5%. The 10-year Treasury yield rebounded, reaching 4.86% after briefly surpassing 5% on Monday. General Motors reported a Q3 profit beat but withdrew its 2023 guidance due to uncertainty from labor strikes. Spotify surprised with a profit for the first time in over a year. Manufacturing demand in the US increased in October, signaling a potential soft landing for the economy. Stock futures were higher as focus turned to earnings from Microsoft and Alphabet.