Market Rebound: Stocks Wobble, Bonds Rise, and Bitcoin Returns
The stock market rebounded from its five-day slide as traders awaited earnings results from Microsoft and Alphabet. Verizon Communications beat analysts' estimates, while companies like 3M, Coca-Cola, and General Electric climbed on bullish forecasts. Big tech earnings are projected to jump 34% from last year, and their performance is expected to have a significant impact on the overall market. Rising rates have made big tech valuations look expensive, prompting investors to seek protection. Vanguard Group expects interest rates to remain higher for longer, and US business activity picked up in October.