: Dow Jones posts 200 point gain, S&P 500 snaps year’s longest losing streak

U.S. stocks bounced on Tuesday as a wave of big technology companies prepared to report earnings. The Dow Jones Industrial Average DJIA rose about 204 points, or 0.6%, to end near 33,140, posting its biggest daily percentage gain in about a week, according to preliminary FactSet data. The S&P 500 index SPX gained 0.7% to snap a five-session skid, its longest so far in 2023. The Nasdaq Composite Index COMP closed up 0.9%. Investors were focused on third-quarter earnings, including results from Microsoft MSFT, Alphabet GOOG, Visa V and Texas Instruments TXN after the closing bell Tuesday. Longer-duration Treasury yields also continued to retreat, with the 10-year rate BX:TMUBMUSD10Y pegged at 4.82%, after briefly touching 5% a day earlier.

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