On Monday, October 16, the U.S. stock markets closed higher, reflecting optimism over earnings season. Treasury yields increased as investors closely monitored the ongoing conflict between Israel and Hamas.
In economic data, the NY Empire State Manufacturing Index for October was reported at -4.6, a drop from 1.9 in the previous month but still better than the expected -7.
All the sectors on the S&P 500 ended positively, with consumer discretionary and communication services stocks registering the highest increases.
The Dow Jones Industrial Average increased by 0.93% to 33,984.54, the S&P ...