Stocks Close with Mixed Results Amid Rising Bond Yields

Market Performance: The S&P 500 closed up by +0.11%, reaching a 3-week high, while the Dow and Nasdaq experienced slight declines due to rising bond yields and mixed corporate earnings reports.

Economic Indicators: Initial jobless claims fell to a 3-year low, indicating a stronger labor market, while factory orders rose by +0.2%, slightly below expectations.

Corporate Earnings: Q3 earnings season showed strong results, with 83% of S&P 500 companies exceeding forecasts, leading to a +14.6% increase in earnings, significantly above the expected +7.2%.

Interest Rates and Global Markets: Rising U.S. Treasury yields were influenced by expectations of a Bank of Japan rate hike, while European bond yields were mixed, reflecting varied economic conditions across regions.