Global markets update: US stocks advance on upbeat earnings

The S&P 500 rose 12.82, or 0.3%, to 4,567.46. The Dow Jones Industrial Average gained 26.83, or 0.1%, to 35,438.07.The Nasdaq composite climbed 85.69, or 0.6%, to 14,144.56. Shares of General Electric rallied 6.3% after it reported stronger profit for the latest quarter.

Shares of General Electric rallied 6.3% after it reported stronger profit for the latest quarter.

3M rose 5.3% after the maker of Scotch-Brite and Post-It raised its forecast for profits for the full year.

The 10-year treasury yield was holding at 3.88%. The 2-year treasury yield slipped to 4.88% from 4.92%.

Updated: 26 Jul 2023, 03:05 AM IST