Stocks Ended Brutal October on an Upbeat Note

U.S. stocks ended solidly higher on Wednesday to end a brutal and volatile October on an upbeat note. The Dow Jones Industrial Average advanced 241.12 points, or 0.97%, to 25,115.76, leaving it with a 5.1% October fall. The S&P 500 rose 29.11 points, or 1.09%, to 2,711.74, leaving it with an October decline of 6.9%. The Nasdaq Composite gained 144.25 points, or 2.01%, to 7,305.90, posting a 9.2% monthly fall.

Oil futures settled lower Wednesday as a weekly rise in U.S. crude supplies nearly matched market expectations and product stocks declined. West Texas Intermediate crude for December delivery fell 87 cents, or 1.3%, to settle at $65.31 a barrel. December Brent crude fell 44 cents, or 0.6%, to $75.47 a barrel.

The Energy Information Administration reported Wednesday that domestic crude supplies rose by 3.2 million barrels for the week ended Oct. 26.

The fitness electronics maker returned to profitability on a non-GAAP basis for the first time in two years and beat Wall Street’s expectations on the top and bottom lines. Fitbit reported adjusted earnings of 4 cents per share in the third quarter. Revenue came in at $394 million.