WALL STREET ADVANCES ON UPBEAT EARNINGS

Wall Street reversed course to rise on Tuesday as upbeat earnings and signs of resilience in the U.S. economy buoyed investor sentiment, even as a spike in Treasury yields pressured megacaps.

U.S. retail sales rose 0.7% in September, compared with estimates of a 0.3% rise, while a separate readingshowed production at U.S. factories increased more than expected in September. A rise in U.S. Treasury yields, with the 10-year yields up at 4.813%, pressured megacaps Apple (AAPL.O), Microsoft (MSFT.O), Alphabet (GOOGL.O) and Amazon.com (AMZN.O), dragging them down between 0.1% and 0.5%.

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