- Major indices are on track to have their finest month in a year as fresh signals that corporate America is delivering on lofty earnings expectations drive stocks to new all-time highs.

- Treasury yields continued to fluctuate, with the yield curve inverting in certain places.

- The S&P 500 was driven to a new high by the real estate, industrial, and consumer discretionary business groupings, putting the benchmark index on track for a more than 6% gain in October.

-The Dow Jones Industrial Average recovered from its losses on Wednesday as well. Amazon.com Inc. and Tesla Inc. both contributed to the Nasdaq 100 setting a new high. For the first time since the US government restored a two-decade maturity in 2020, the Treasury yield curve inverted between 20 and 30 years on Thursday.

- The earnings of some of America's leading firms are being digested by investors. Caterpillar Inc., an industrial stalwart, increased after reporting better-than-expected results. Ford's stock jumped after estimates were raised and dividends were reinstated. After posting disappointing results late Wednesday, eBay Inc. fell. Amazon.com reported weaker-than-expected results after normal trading ended, pushing its stock down.

- According to data gathered by BofA, companies in the S&P 500 that announced results increased net profit margins by 40 basis points to 12.4 percent over the previous quarter. With the exception of energy and consumer staples, the improvement has expanded throughout major industries.

- Earlier a report revealed that the US economy grew at a 2% annual rate in the three months to September, down from the 2.6% median estimate in a Bloomberg survey, as consumer spending slowed. The GDP price index slowed from the previous quarter, although it still outperformed analysts' predictions. Weekly jobless claims fell to a pandemic low, according to a separate report.

- The sector's yields were around 25 basis points lower than 30-year yields when 20-year treasury production commenced in May 2020. While expectations for Fed rate hikes beginning next year have flattened the curve in general, demand for 20-year assets looks to be less robust than for longer-term securities.

- After European Central Bank President Lagarde stated that higher inflation may last longer than expected, the euro rose and European bonds sank. The monetary body expects prices to begin to moderate next year. The European Central Bank (ECB) had previously kept borrowing costs steady and stated that bond purchases will continue at a moderately slower pace. The Stoxx Europe 600 index increased in value.

- Global equities are still around all-time highs, aided by a strong corporate earnings season so far, with profit margins increasing on average despite cost headwinds. The risk is that mood will deteriorate if investors lose faith in policymakers' capacity to keep inflation under control while fostering the economy's recovery.