Here Are 3 Hot Things to Know About Stocks Right Now

  • Caterpillar (CAT - Get Report)  ended higher even after the construction equipment maker posted weaker-than-expected third-quarter earnings and lowered its full-year profit outlook. Caterpillar is Real Money's Stock of the Day.
  • Boeing (BA - Get Report)  rose even though the aerospace giant posted weaker-than-expected third-quarter earnings. The company said it still expected the troubled 737 MAX aircraft to receive approval from at least one major regulator before year's end.
  • Texas Instruments  (TXN - Get Report) plummeted after the computer-chip maker reported lighter-than-expected third-quarter revenue and forecast fourth-quarter results below analysts' projections.

Wall Street Overview

Stocks finished higher Wednesday in a choppy day of trading as the Dow Jones Industrial Average pared earlier gains, but still got a boost from Boeing and Caterpillar, while Texas Instruments' earnings miss pulls down the chip sector.

The Dow pared earlier gains and finished up 46 points, or 0.17%, to 26,834, the S&P 500 rose 0.28%, and the Nasdaq climbed 0.13%.

"This 'green-day-red-day-madness' is typical of earnings seasons, as investors are trying to evaluate the mixed reports of the key players," said Gorilla Trades strategist Ken Berman. "Today, Boeing and Caterpillar were in focus, and while the shares of the battered aircraft manufacturer are higher despite the firm's earnings miss, the industrial giant's stock is flat in the wake of its weak Asian numbers."

Caterpillar rose 1.2% to $135.75 after the construction equipment maker posted weaker-than-expected third-quarter earnings, and lowered its full-year profit outlook, as investors responded to the company's plans "to respond quickly to positive or negative developments.' Caterpillar is Real Money's Stock of the Day.

Merck (MRK - Get Report) , Travelers (TRV - Get Report) and Coca-Cola (KO - Get Report)  lead the Dow's advance.

Boeing ended up 1% to $340.50. The aerospace giant posted weaker-than-expected third-quarter earnings but said it still expects the grounded 737 MAX aircraft to receive flight approval from at least one major regulator before the end of the year.

Apple (AAPL - Get Report) shares jumped to an all-time high after Morgan Stanley's Katy Huberty boosted her price target on the stock based in part on the growth potential of its nascent AppleTV+ offering. Shares finished up 1.3% to $243.18.

Alexion Pharmaceuticals (ALXN - Get Report) led the Nasdaq's advance, surging 7.4% to $106.63 after the rare-disease-drug maker blew past analysts' earnings estimates with a strong third quarter.

Texas Instruments was the Nasdaq's biggest loser, plummeting 7.5% to $118.95 after the computer chipmaker reported lighter-than-expected third-quarter revenue and forecast fourth-quarter results below analysts' projections.


The Philadelphia Semiconductor Index (SOXX - Get Report) was down 1.9% to 213.83 and Texas Instruments' rivals such as Analog Devices (ADI - Get Report) , NXP Semiconductors  (NXPI - Get Report) , Microchip Technology (MCHP - Get Report)  and ON Semiconductor (ON - Get Report) all lost ground.

In addition to the earnings reports, investors also had to contend with Tuesday's vote in the U.K. parliament. That voter could trigger a snap general election in the world's fifth-largest economy in order to break a years-long deadlock as to how, when and possibly whether Britain will leave the European Union.

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