Stocks Rise as Yields Rebound, Spotify Surprises, and Manufacturing Data Improves
- Stocks gained ground amid a revival in the 10-year Treasury yield as investors awaited tech earnings.
- Spotify turned a surprise profit, beating expectations.
- Manufacturing data showed expansion for the first time in 6 months.
- Stocks rose at the open as the 10-year yield climbed back above 4.8%.
- GM withdrew 2023 guidance due to labor strike uncertainty but beat Q3 estimates.