US stocks notched a gain in October after two consecutive months of declines, bucking weaker earnings growth, persistent inflation and expectations of more sharp rate rises by the Federal Reserve.
Wall Street’s benchmark S&P 500 climbed 8 per cent during the month, its first monthly increase since July. On Monday the stock index fell 0.7 per cent.
The tech-heavy Nasdaq Composite index rose 3.9 per cent in October, after closing down 1 per cent in Monday’s trading.
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