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US stocks higher with earnings, jobs report this week

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U.S. crude oil settles 6% lower

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Yen hits three-month low after election

(Updates to 2:30 p.m. ET/1830 GMT)

By Caroline Valetkevitch

NEW YORK, Oct 28 (Reuters) - Global stock indexes rose

on Monday as investors awaited earnings reports this week from

several of the biggest U.S. tech-related companies, while oil

prices fell sharply after Israel's retaliatory strike against

Iran at the weekend bypassed oil and nuclear facilities.

The Japanese yen fell to a three-month low against the

dollar following an election in Japan thrust the country into

political turmoil.

Against the yen, the dollar rose by as much as 1% to a high

of 153.88, the yen's weakest level since late July.

The dollar was last up 0.68% at 153.34 yen.

U.S. earnings season is in full swing, with a long list of

names due to report this week including five of the biggest U.S.

companies: Google parent Alphabet, Microsoft ( MSFT ),

Facebook owner Meta Platforms ( META ), Apple ( AAPL ) and

Amazon.com ( AMZN ).

The week also brings the U.S. jobs report for October on

Friday, while investors are keeping a close eye on political

news with the U.S. presidential election just over a week away.

Employers are expected to have added 123,000 jobs during

October, while the unemployment rate is likely to have stayed

steady at 4.1%, according to economists polled by Reuters.

,

The election for U.S. president is expected to be close.

Vice President Kamala Harris, a Democrat, was leading Republican

Donald Trump nationally by a marginal 46% to 43%, a recent

Reuters/Ipsos poll showed. U.S. voters head to the polls on Nov.

5.

Benchmark 10-year U.S. Treasury yields hit a three-month

high ahead of this week's data and the election. The yield on

benchmark U.S. 10-year notes was last up 5.2 basis

points at 4.284% versus 4.232% late on Friday.

"It's the calm before the storm," said Subadra Rajappa, head

of U.S. rates strategy at Societe Generale in New York. "A lot

of investors are a little bit more cautious heading into the

elections."

Energy shares eased along with oil prices. The S&P 500

energy sector was down 0.8%., and U.S. crude oil futures

fell $4.40, or 6.1%, to settle at $67.38 a barrel.

The three major U.S. stock indexes rose.

The Dow Jones Industrial Average rose 296.60 points,

or 0.70%, to 42,411.00, the S&P 500 rose 22.64 points, or

0.39%, to 5,830.76, and the Nasdaq Composite rose 85.99

points, or 0.46%, to 18,604.59.

Shares of

Trump Media & Technology Group ( DJT ), parent company of

Trump's Truth Social platform, surged to their highest level

since June on Monday, extending a recent rally.

MSCI's gauge of stocks across the globe

rose 3.06 points, or 0.36%, to 848.55. The STOXX 600

index rose 0.41%.

In Japan, Tokyo's Nikkei closed up 1.8%, after

initially dipping following the election result.

Japan's ruling Liberal Democratic Party lost its

parliamentary majority. The party, with junior coalition partner

Komeito, won 215 lower-house seats in Sunday's election, public

broadcaster NHK reported, well short of the 233 needed for a

majority.

In other currencies, the dollar index, which measures

the greenback against a basket of currencies, fell 0.07% to

104.31, while the euro was up 0.19% at $1.0813.

(Additional reporting by Amanda Cooper in London and Karen

Brettell in New York; Editing by Christopher Cushing, Sonali

Paul, Gareth Jones, Marguerita Choy and Leslie Adler)