On Tuesday, October 24, U.S. stock markets closed higher as investor sentiment improved due to favorable corporate earnings.
Under economic data, the U.S. manufacturing PMI rose to 50 in October, beating expectations, while the Services PMI increased to 50.9 in the same month, compared to 50.1 in the previous month.
NextEra Energy Inc (NYSE: NEE) reported third-quarter FY23 revenue increased by 6.7% year-over-year to $7.17 billion, beating the estimate of $7.09 billion.
On Monday, October 23, the U.S. stock markets closed mixed as Treasury yields retreated from 5%, and investors turned their attention to upcoming earnings and economic data.