Stocks climb as Treasury yields ease, but weekly losses loom

US stocks had a bit of a comeback story on Friday morning. Treasury yields dipped, and that gave the market a little room to breathe. However, the week’s finish was shaky at best, with much speculation about what the Federal Reserve might or might not do next.

Meanwhile, that Tesla earnings surprise had enthusiasts buzzing. The company is quintessentially a car manufacturer for now, and it’s an identity investors seem comfortable with. With automotive revenue swallowing a massive 79% of last quarter’s income, Tesla’s staying in its lane. Yet, those impressive profit margins got folks talking, particularly with shares enjoying their biggest leap since May 2013. Read more about Tesla’s profitability improvement and the focus on cutting the cost to make vehicles.

The Wall Street Whirlwind: Market Moves and More

The S&P 500 (^GSPC) grabbed a 0.8% increase, breaking a three-day downer streak, while the Dow Jones (^DJI) climbed 0.4%. Over in the techie corner, the Nasdaq Composite (^IXIC) was feeling spry, leaping 1.3%. Yet, the Dow and S&P look like they’re in for a soggy week despite this temporary uptick following that bond yield surge which gave everyone a dose of rate hike agita. By the end of the week, Treasury’s 10-year yield had mellowed to around 4.19%, stepping back from a midweek three-month high of over 4.25%.

While on the subject of waves, helping ease the week’s jitters was Tesla’s high-flying report. The spotlight will shine next on its megacap counterparts: Alphabet, Meta, Microsoft, Apple, and Amazon, all ready to flaunt their fiscal feathers next week.

Anticipatory Emails: More Than Just Another Day

Everyone’s got their eyes peeled on incoming US economic reports. Those insights could really rattlesnake the market one way or another. Durable goods orders for September and the University of Michigan Consumer Sentiment for October are very much under scrutiny. And of course, who can forget the forecasts from the Kansas City Fed Services Activity?

In the land of the big spenders, all focus has been on Colgate-Palmolive’s earnings. Investors are looking for toothpaste with a mint. Read more about what the Fed rate cut means for bank accounts, CDs, loans, and credit cards.

Corporate Drama: Make or Break

In other financial mishmash, Capri’s shares tanked after a judge kiboshed their plan to cozy up with Tapestry, the parent company of Coach. That was a rough $8.5 billion blow. Meanwhile, Mercedes-Benz is tightening its financial belt as China’s sluggish market affects earnings. Over in tech land, Apple’s iPhone operations in China took a nosedive in Q3, leaving some room for Huawei’s surge in the market share.

Oh, and for all those Prime members cruising NYC, Amazon has come up with a new trick to save you a few pennies at the pump.

If you think that’s all, think again. The November US jobs report looms in the air; not forgetting the close tension of a tight presidential race around the corner. Investors are anxiously holding their breath.

Fresh From The Inbox: Stocks Rise to Cap a Rough Week

The market may have weathered the storm for now. US stocks tiptoed up on Friday morning, with Treasury yields going a bit softer. But it’s all about what’s around the bend now, with earning seasons and potential Fed moves casting their long shadows.