Stocks Rally as Fed Decision Looms

Major U.S. indexes ended October with a three-month losing streak, but managed to finish the day in the green. The S&P 500 rose 0.65%, pulling it out of correction territory, while the Dow Jones Industrial Average climbed 0.38% and the Nasdaq Composite was 0.48% higher. However, October was a challenging month for stocks, with the 10-year Treasury yield breaching the 5% level for the first time in 16 years. The Federal Reserve's decision on interest rates, expected today, may provide a boost to the market. Despite the recent struggles, historical data suggests that the S&P has rallied in November following consecutive declines in August to October.