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Oct 23, 2014

Industrials lead Wall St sharply higher

NEW YORK, Oct 23 (Reuters) – U.S. stocks surged on Thursday,
with major indexes up more than 1 percent in a broad rally, as
strong results from industrial bellwethers reassured investors
that corporations continue to fare well despite concerns about
global economic growth.

The advance continued a recent bout of strength for
equities. The S&P 500 has posted a gain of 0.9 percent or more
in four of the past five sessions, putting it less than 3
percent from its record close. After a four-week string of
declines, the S&P is up 3.5 percent this week, on track for its
biggest weekly advance since January 2013.

Oct 23, 2014

Wall Street jumps 1 pct in broad rally on results

NEW YORK, Oct 23 (Reuters) – U.S. stocks surged on Thursday,
with major indexes up more than 1 percent in a broad rally as
strong results, including from two Dow components, reassured
investors that corporations continue to fare well despite
concerns about global economic growth.

The advance continued a recent bout of strength for
equities. The S&P 500 has posted a gain of 0.9 percent or more
in four of the past five sessions, taking it within 2.8 percent
of its record close. After a four-week string of declines, the
S&P is up 3.6 percent this week, putting it on track for its
biggest weekly advance since January 2013.

Oct 23, 2014

Wall Street rallies on Caterpillar, 3M results

NEW YORK, Oct 23 (Reuters) – U.S. stocks jumped 1 percent on
Thursday as a number of strong results, including from a pair of
Dow components, reassured investors that corporations continued
to fare well despite concerns about global economic growth.

Shares of both Caterpillar Inc and 3M Co
rose following their results, with heavy machinery maker
Caterpillar also raising its full-year profit view.
Caterpillar was up 4.2 percent at $98.31 while
3M added 4.3 percent to $144.95.

Oct 23, 2014

Wall St set to open higher on Caterpillar, 3M results

NEW YORK, Oct 23 (Reuters) – U.S. stock index futures
pointed to a higher open on Thursday as a number of strong
results, including from a pair of Dow components, reassured
investors that corporations continued to fare well despite
concerns about global economic growth.

Both Caterpillar Inc and 3M Co rose in
premarket trading following their results, with heavy machinery
maker Caterpillar also raising its full-year profit view.
Shares of Caterpillar rose 3.6 percent to $97.98
while 3M added 2.1 percent to $141.80.

Oct 23, 2014

Caterpillar, Yelp among biggest premarket movers

NEW YORK (Reuters) – U.S. stock index futures were higher on Thursday, implying a rebound from the previous session as investors used the drop to add to positions and looked ahead to the release of some key corporate reports for further incentives.

* Major indexes traded higher for much of Wednesday’s session but turned lower in afternoon trading, pressured in part by a shooting at the Canadian parliament.

Oct 23, 2014

Caterpillar, Yelp among biggest premarket movers

NEW YORK, Oct 23 (Reuters) – Dow component Caterpillar Inc
was among Thursday’s biggest premarket movers, with the
heavy machinery maker up on heavy volume following its results.

The stock rose 6.5 percent to $100.75 before the bell after
posting revenue that beat analysts’ forecasts. Caterpillar also
said that its expectations for 2014 earnings continued to
improve.

Oct 23, 2014

Stock futures inch up, indicating rebound; earnings awaited

NEW YORK (Reuters) – U.S. stock index futures were higher on Thursday, implying a rebound from the previous session as investors used the drop to add to positions and looked ahead to the release of some key corporate reports for further incentives.

* Major indexes traded higher for much of Wednesday’s session but turned lower in afternoon trading, pressured in part by a shooting at the Canadian parliament.

Oct 23, 2014

Futures inch up, indicating rebound; earnings awaited

NEW YORK, Oct 23 (Reuters) – U.S. stock index futures were
higher on Thursday, implying a rebound from the previous session
as investors used the drop to add to positions and looked ahead
to the release of some key corporate reports for further
incentives.

* Major indexes traded higher for much of Wednesday’s
session but turned lower in afternoon trading, pressured in part
by a shooting at the Canadian parliament.

Oct 22, 2014

Wall St turns lower as Boeing, Biogen weigh

NEW YORK, Oct 22 (Reuters) – U.S. stocks turned lower in
afternoon trading on Wednesday, with major indexes erasing
earlier gains as both Boeing and Biogen sold off following their
results.

Indexes had traded in positive territory for much of the
session, putting the S&P 500 on track for a fifth straight day
of gains. Earnings drove the move higher, with technology and
material shares up on the back of strong results.

Oct 22, 2014

S&P 500 on track for best 5-day rally since 2011

NEW YORK, Oct 22 (Reuters) – U.S. stocks rose on Wednesday,
with the S&P 500 up for a fifth straight day as technology
companies rallied on strong results, though weakness in Boeing
weighed on the Dow.

With the session’s advance, which builds on Tuesday’s jump
of about 2 percent, the S&P 500 is up 4.5 percent over the past
five sessions, putting it on track for the biggest five-day
rally since December 2011.