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Stocks edge up as crucial US revenues awaited, Treasury yields climb

Worldwide stock indexes were mostly somewhat higher on Tuesday as investors braced for revenues today from leading U.S. technologyrelated names, while Treasury yields strike multimonth highs with the U.S. governmental election just a week away.

Results from Alphabet are due after the closing bell, while Meta Platforms and Microsoft are expected to report on Wednesday, followed by Apple and Amazon on Thursday.

Stocks have actually seen strong gains this year, partially due to optimism over innovation companies and expert system.

The Nov. 5 U.S. election has entered its final stretch, with viewpoint surveys still too close to call a winner in the race in between Vice President Kamala Harris, the Democratic prospect, and previous Republican president Donald Trump.

It wouldn't be a surprise to see additional de-risking in the short-term, and some unstable trade in the meantime, ahead of Election Day next Tuesday, stated Michael Brown, a senior research strategist at Pepperstone.

The U.S. Labor Department's JOLTS study showed task openings were at 7.44 million in September, compared with estimates of 8 million, according to a Reuters poll of economic experts. Investors are eager to see Friday's U.S. tasks report for October.

The Dow Jones Industrial Average fell 97.70 points, or 0.23%, to 42,289.87, the S&P 500 increased 14.23 points, or 0.24%, to 5,837.75 and the Nasdaq Composite increased 138.95 points, or 0.75%, to 18,706.14.

MSCI's gauge of stocks across the globe increased 0.50 points, or 0.06%, to 848.43. The STOXX 600 index fell 0.57%.

The yield on benchmark U.S. 10-year notes was last up 1.8 basis points at 4.296%, after earlier hitting a. almost four-week peak of 4.337%.

U.S. 30-year yields rose to 4.554%, up 2.4 bps. Previously in the session, they climbed to 4.578%, the greatest. because early July.

The yen found its footing following Monday's dip to a. three-month low as the coalition government's drubbing in Japan. in weekend elections clouded the outlook for Japanese fiscal and. monetary policies.

The dollar was last up 0.15% at 153.51 yen. The. BOJ announces its financial policy choice on Thursday, and is. commonly anticipated to leave rates unchanged.

A period of wrangling to protect a union in Japan is. likely after Prime Minister Shigeru Ishiba's Liberal Democratic. Celebration and its junior partner Komeito lost their majority in. parliament, in a scathing result that potentially means larger. financial costs and complicates the Bank of Japan's push to. normalise rate of interest.

The head of the opposition Democratic Party for individuals. stated on Tuesday that the reserve bank need to avoid making huge. changes in its ultra-loose financial policy since genuine wage. growth remains at a dead stop.

The dollar index, which determines the greenback. against a basket of currencies, rose 0.14% to 104.41, while the. euro was down 0.1% at $1.0801.

In cryptocurrencies, bitcoin got 4.71% to. $ 72,886.63. Ethereum rose 6.19% to $2,671.50.

U.S. crude fell 0.4% to $67.12 a barrel and Brent. was up to $71.09 per barrel, down 0.46% on the day.

(source: Reuters)