Wall Street rally pauses in early trade

The S&P 500 industrials index rose 0.7 per cent, leading all major groups. The No.1 USA automaker reported stronger-than-expected earnings, reaffirmed its full-year earnings forecast and promised to slash stocks of unsold vehicles. The Dow Jones Industrial Average set another new record high after strong earnings from heavy-hitters Caterpillar (CAT) and 3M (MMM).

The S&P 500 index fell 5 points to 2,563.66, while the Nasdaq index dipped 10.7 points or to 6,587.66. Markets have been gaining ground recently, helped by low interest rates and promises of USA tax reform from the Trump administration. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.14% higher, while Japan's Nikkei lost 0.45%.

AT&T Inc. (T) is among the big names that will move on earnings news today.

Shares of Boeing fell 2.85 percent to $258.42, after the company reported net profit of $1,853 million in the third quarter, down about 19 percent compared to the same period past year. Earnings for the company also failed to meet Wall Street estimates.

Before the opening bell, Coca-Cola Company announced 2017 third-quarter net profit of $1.45 billion or 33 cents per share, up from $1.05 billion or 24 cents per share for the same period past year.

USA industrial sector roared to a record high on Tuesday following strong financial results from stalwarts 3M Co. and Caterpillar Inc, even as shares of General Electric Co continued to struggle. On average, 23 analysts polled by Thomson Reuters expected earnings of $0.75 per share for the quarter.

Yields extended gains after data showing new orders for key USA -made non-defense capital goods rose 1.3 percent last month.

European shares closed lower, with a mixed batch of company results sparking profit-taking, a day before the European Central Bank is expected to signal a reduction in its bond-buying scheme, gradually withdrawing post-crisis stimulus.

United States long-dated treasury yields rose to multi-month highs, boosted by a strong USA durable goods report, optimism about tax reform and the upcoming announcement of President Donald Trump's nominee to head the Federal Reserve.

Benchmark 10-year note yields hit seven-month highs, with the price last down 8/32 in price to yield 2.4353 percent, from 2.406 percent late on Tuesday. The No.1 US automaker reported stronger-than-expected earnings, reaffirmed its full-year earnings forecast and promised to slash stocks of unsold vehicles.

Like this


26 October 2017
Tumhari Sulu: Hawa Hawai 2.0, Vidya Balan gives tribute to Sri Devi
Previously, the film was set to release in December but to avoid clash with Padmavati , the release date of the film was changed. Directed by debutante Suresh Triveni, the film is produced under the banners of T-Series and Ellipsis Entertainment.

26 October 2017
TD Ameritrade Holding Corporation (AMTD) — Trending Stock Analysis
The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The value of the investment in AMTD increased from $473,000 to $759,000 a change of 60.5% for the reporting period.

26 October 2017
EPS for CBRE Group Inc (CBG) Expected At $0.54
After $0.65 actual EPS reported by CBRE Group Inc for the previous quarter, Wall Street now forecasts -16.92% negative EPS growth. The median estimate represents a 3.54% increase from the last price. 84 funds opened positions while 187 raised stakes.

26 October 2017
Rizzo Surprises 12-Year-Old Cancer Patient With New Photo, Signed Jersey
She has remained at the Children's Hospital since and has been dealing with some major complications. Abby, who is from Highland, Illinois, had a bone-marrow transplant in September.

26 October 2017
The real villains are getting away with a scolding
Possible measures include extra taxes on the banks, or additional legislation requiring stricter reporting for all retail banks. The Chairman of the Oireachtas Committee on Finance says the tracker mortgage scandal is a huge one that will run into 2018.

26 October 2017
Lexus LC Inspiration Series and Black Panther concept revealed
This vehicle's most alluring feature is its Structural Blue paint job inspired by iridescent morpho butterflies. The Black Panther-inspired LC concept coupe boasts a variety of features that every Marvel hero needs.

26 October 2017
Drake threw himself a bar mitzvah-themed 31st birthday party
Raptors stars Kyle Lowry, left, and DeMar DeRozen, right, rang in Drake's 31st birthday after defeating the Philadelphia 76ers. He then moved the celebration to Los Angeles where he had dinner with his friends and family at Catch LA rooftop.

26 October 2017
Guatemalan first to be convicted in US FIFA inquiry
Federation Internationale de Football Association has conducted internal investigations of corruption and self-dealing. The former secretary-general of the football federation of Guatemala Hector Trujillo to NY , on October 25, 2017.

26 October 2017
HSBC Champions preview: Dustin Johnson, Hideki Matsuyama headline star-studded field
World number three Thomas is skipping this week, however, as is British Open champion and world number two Jordan Spieth. However, Dustin Johnson also holds two WGC titles at the moment, and also set the 72-hole record in 2013 (of 264).

26 October 2017
John Stamos: 'My fiancee Caitlin is an angel'
Everything's fine.'" He added, "She's so calm and so graceful, which I'm not either of those things. His bride-to-be is now sporting an "old, vintage ring" courtesy of famed jeweler Neil Lane.