US stocks close higher ahead of earnings

The US stocks ended their week on gains, as investors awaited earnings reports for the third quarter and inflation data that will determine the future course of interest rate movements. The Dow Jones Industrial Average rose by 424.32 points (0.83%), the S&P 500 increased by 0.58%, and the Nasdaq gained 0.56%. The market focused on the results of major banks like JPMorgan and technology companies, while telecom stocks declined following SpaceX's acquisition of spectrum licenses. Meanwhile, healthcare insurance stocks rose. Investors continue to watch inflation indicators to gauge the Federal Reserve’s stance on whether to raise or hold interest rates.

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