Wall Street indexes rally on bets of peak US interest rates, strong earnings

Qualcomm gains as Q1 forecast tops estimates

Starbucks rises on upbeat quarterly results

PayPal up on profit forecast raise

Weekly jobless claims stronger than expected

Indexes up: Dow 1.7%, S&P 1.89%, Nasdaq 1.78%

Nov 2 (Reuters) – Wall Street’s three main stock indexes rallied nearly 2% on Thursday on hopes that the U.S. Federal Reserve has reached the end of its interest rate hiking campaign and a batch of upbeat quarterly financial updates added to the bullish mood.

Read more here: https://www.reuters.com/markets/us/futures-climb-bets-end-feds-rate-hikes-2023-11-02/