Market Overview - Stocks gained on Wall Street following positive economic updates and a steady flow of quarterly reports from U.S. companies, marking a reversal from the previous day's dip [1] - The S&P 500 rose 24.74 points (0.4%) to 6,796.29, the Dow Jones Industrial Average increased by 225.76 points (0.5%) to 47,311, and the Nasdaq composite climbed 151.16 points (0.6%) to 23,499.80 [2] Company Performance - Alphabet (Google's parent) increased by 2.4%, Broadcom rose by 2%, and Meta Platforms (Facebook's parent) gained 1.4%, contributing to the market's upward movement [2] - McDonald's stock rose 2.2% after reporting increased sales due to the return of its popular Snack Wraps in Q3 [3] - International Flavors & Fragrances jumped 4.1% after exceeding quarterly profit forecasts [3] Underperformers - Axon Enterprise, known for Taser products, fell 9.4% after forecasting weaker profits than expected [4] - Live Nation Entertainment dropped 10.6% after its latest results did not meet analysts' forecasts [4] Economic Indicators - The latest earnings reports provide insights into consumer and business behavior amid a government shutdown, which has halted important monthly updates on inflation and employment [5] - A monthly report from ADP indicated that private payrolls rose more than expected in October, offering a partial view of the job market [6] - The services sector expanded more than anticipated in October, although employment within the sector continued to contract [6] - Bill Adams, chief economist for Comerica Bank, noted that economic growth persisted in October despite the government shutdown [7]