US stock indices extend gains on positive news
US stock indices closed higher: the S&P 500 rose by 1.07%, the Nasdaq 100 gained 1.37%, and the Dow Jones added 1.12%.
Market optimism is supported by positive corporate earnings and discussions about the potential easing of trade tensions between the United States and China.
Investors are hopeful that current trends will persist, especially amid expectations of a more dovish tone from the Fed in the coming weeks.
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Earnings season boosts investor confidence
Since the start of the earnings season, over 76% of S&P 500 companies have exceeded forecasts, contributing to the index’s growth.
At the same time, the market is fueled by White House statements regarding the end of the shutdown and anticipation of positive developments in US-China trade relations.
Analysts note that strong corporate results could be a driver for a continued rally through the end of October.
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