Stocks Rebound as Corporate Earnings Top Estimates While Oil Prices Fall
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Wall Street rises as corporate profits top forecasts and oil prices sink. Verizon, GE, and Coca-Cola beat earnings expectations.
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S&P 500 breaks 5-day losing streak, up 0.7%. Dow up 227 points. Nasdaq up 0.8%.
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10-year Treasury yield holds steady after topping 5% on Monday. Falling oil prices ease inflation pressures.
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Strong corporate earnings needed to stabilize stocks amid high yields. Fed rate hikes aim to curb inflation.
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Economy remains resilient with solid job market and consumer spending. But risks of recession remain if rates stay high.