US Stocks Surge Amid Fed Policy Concerns and Corporate Earnings

US stocks rose on Tuesday as investors watched Treasury yields and assessed company earnings. Despite persistent supply issues, major companies faced mixed results. While Microsoft saw growth, others like GE Aerospace and Verizon struggled. With upcoming economic data and elections, market volatility is expected.

In a surprising turn of events, US stocks rose on Tuesday afternoon as investors monitored higher Treasury yields and continued evaluating corporate earnings. Steve Sosnick of IBKR Securities Services noted a return to bargain hunting despite previous declines.

The Dow Jones climbed 54.67 points, while the S&P 500 and Nasdaq also recorded gains. Almost half of the S&P sectors were positive, with consumer staples leading. However, the industrial index fell due to General Electric's struggles with supply constraints.

Market shifts were influenced by a surge in the 10-year Treasury note yield and varied earnings results from major companies. As investors brace for volatile weeks ahead, financial expectations and upcoming US election results remain critical factors.

(With inputs from agencies.)