How major US stock indexes fared Tuesday, 10/24/2023

Wall Street closed higher after Verizon and other big companies reported fatter profits for the summer than expected. The S&P 500 rose 0.7% Tuesday. The Dow added 204 points, and the Nasdaq composite climbed 0.9%. The pace is picking up for profit reports, and the hope is that companies in the S&P 500 will report their first growth in a year. Such strength is crucial for the stock market, which has slumped under the weight of higher bond yields. The 10-year Treasury yield slipped a day after reaching another 16-year high. Crude oil prices tumbled again.