Qualcomm earnings preview: Results and forecast expected to reflect ramp in 5G smartphones using company’s chips

U.S. stocks rallied for a second day Tuesday as investors braced for the outcome of the presidential elections that could frame economic policy and markets in the coming four years.

Shares of Apple Inc. AAPL, +1.53% rose 1.54% to $110.44 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +1.85% rising 1.85% to 11,160.57 and the Dow Jones Industrial Average DJIA, +2.06% rising 2.06% to 27,480.03. The stock’s rise snapped a two-day losing streak. Apple Inc. closed $27.54 short of its 52-week high ($137.98), which the company reached on September 2nd.

Skyworks Solutions Inc. SWKS, +0.58% shares rose in the extended session Monday after the chip maker’s results and outlook topped Wall Street estimates. Skyworks shares rose 2% after hours, following a 0.6% rise in the regular session to close at $142.12. The company reported fiscal fourth-quarter net income of $246.9 million, or $1.46 a share, compared with $210.6 million, or $1.22 a share, in the year-ago period.

Company expects $900 million in Venmo revenue next year

European stocks turned higher on Monday, helped by positive economic data despite nervousness ahead of the U.S. presidential election, as well as England announcing a lockdown.

Other China-based EV makers also reported delivery data, sending Li Auto and XPeng shares rallying

Expansion aims at attracting both tourists and locals in Laos

South Korean exports fell from a year earlier in October due to fewer working days — a month after their return to growth for the first time in seven months — but were still presumed to be on a recovery path.

Stonepeak Infrastructure Partners said it is buying Astound Broadband, the sixth largest U.S. cable-TV provider, for $3.6 billion, in one of the biggest leveraged buyouts this year.