Dow recovered 283, advancers over decliners better than 5-1 & NAZ gained 126.  The MLP index added 1 to the 249s & the REIT index was up 2+ to the 324s.  Junk bond funds rose after recent selling & Treasuries were sold, taking yields higher (more below).  Oil dropped another 1+ to the high 83s & gold sank 12 to 1975.

AMJ (Alerian MLP Index tracking fund)

Coca-Cola (KO), a Dow stock & Dividend Aristocrat, raised its annual revenue & profit forecasts after beating quarterly results on the back of higher pricing, with demand for its sodas remaining resilient at a time when consumers are cutting back on non-essential spending.  "We are seeing strong engagement from consumers across our staple of brands, which include Sprite, Fanta ... and Thums Up," CEO James Quincey said.  Average selling prices rose 10% in the qtr, while in North America volumes declined 1%, showing little impact to demand with overall unit case volumes remaining flat.  KO now expects organic revenue growth of 8-9% for the full year, compared with a prior forecast of an increase of 7-8%.  The maker of Sprite & Fanta also forecast full-year core EPS to rise 5-6% higher than prior expectations.  The stock rose 1.60.
If you would like to learn more about KO, click on this link:
club.ino.com/trend/analysis/stock/KO_aid=CD3289&a_bid=6aeoso5b6f7

Coca-Cola raises annual forecasts as demand unaffected by price hikes

  The stock was up a penny.
If you would like to learn more about GM, click on this link:
club.ino.com/trend/analysis/stock/GM_aid=CD3289&a_bid=6aeoso5b6f7

GM tops Q3 expectations but pulls full-year guidance due to UAW strikes 

Treasury yields were steady after slipping back below 5%, though they remained near 16-year highs.  The yield on the benchmark 10-year Treasury note was up around 2.3 basis points at 4.85% while the yield on the 30-year Treasury bond climbed less than one basis point to 4.99%.  Yields move inversely to prices.  The 10-year climbed above 5% yesterday, having crossed the symbolic threshold last week for the first time since 2007, before retreating over the course of the session.  Yields fell after Pershing Square's Bill Ackman disclosed that he had covered his bond short position.  In a post on social media platform X, formerly known as Twitter, Ackman said “there is too much risk in the world to remain short bonds at current long-term rates,” tying the move to a view that bonds could soon become interesting as a safe haven with stocks remaining volatile amid widespread geopolitical risk.  Markets are also contending with comments by Federal Reserve Chair Jerome Powell from last week.  Powell said the central bank would remain “resolute” in its commitment to bringing inflation down sustainably to 2% & that lower economic growth was likely needed to achieve that goal.  The Federal Open Market Committee will meet on Oct 31 & announce its next interest rate decision on Nov 1, having held rates steady at 5.25-5.50% at its Sep meeting.  Markets are all but certain that the Fed funds target range will remain unchanged next week, according to CME Group's FedWatch tool.

Treasury yields are little changed after 10-year slips back below 5%

Dow Jones Industrials