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Stocks jump as key earnings reports ahead; US yields ease

21 October 2025 09:24 (UTC +04:00)

Major stock indexes gained sharply on Monday with investors looking forward to quarterly earnings reports from big U.S. companies this week, while U.S. Treasury yields edged lower ahead of upcoming U.S.-China trade discussions, APA reports, citing Reuters.

Gold prices rose more than 2% on expectations of further U.S. interest rate cuts and sustained safe-haven demand.

Investors are also monitoring the U.S. federal government shutdown, now in its 20th consecutive day. Key economic reports have not been published by government agencies as a result, although the September U.S. Consumer Price Index report is expected to be released on Friday.

The U.S. quarterly reporting period has unofficially entered its second week, and investors are keen to see reports this week from Tesla (TSLA.O), IBM (IBM.N), Netflix (NFLX.O), Procter & Gamble (PG.N), Coca-Cola (KO.N), and other big names.

On Wall Street, the three major U.S. stock indexes each rose more than 1%.

"Some big, large-cap stalwarts are going to be reporting," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.

"Of course, if we see some disappointing earnings, that could affect the market negatively. But investors have come into the week with rose-colored glasses on, feeling very good about where we've gone this year."

The Dow Jones Industrial Average (.DJI) rose 515.97 points, or 1.12%, to 46,706.58, the S&P 500 (.SPX) advanced 71.12 points, or 1.07%, to 6,735.13 and the

Nasdaq Composite (.IXIC) climbed 310.57 points, or 1.37%, to 22,990.54.

As U.S. regional banks' earnings keep rolling in, some market watchers said tighter credit conditions could remove some froth in the market.

MSCI's gauge of stocks across the globe (.MIWD00000PUS) rose 11.79 points, or 1.20%, to 995.69.

European shares closed higher as initial concerns over the stability of the U.S. banking sector eased.

The pan-European STOXX 600 (.STOXX), opens new tab index rose 1.03%.

On the U.S. trade front, U.S. Treasury Secretary Scott Bessent said on Friday he expects to meet this week with Chinese Vice Premier He Lifeng in Malaysia to try to forestall an escalation of U.S. tariffs on Chinese goods that U.S. President Donald Trump said was unsustainable.