Midday Report: Yum! Sees China Rebound; Stocks at Records

U.S. stocks traded at all-time record highs on hopes for further stimulus from global central banks. The Bank of England opted to leave its asset purchase program unchanged earlier in the day, though suggested it might be ready to loosen policy next month. CSX (CSX) - Get Report shares were active after the railroad operator topped earnings estimates, even as profit slumped in the double digits. Profit fell by one-fifth as lower energy demand reduced freight volume. BlackRock  (BLK) - Get Report moved lower as quarterly profit took a tumble. The money manager said recent political and economic uncertainty had led its clients to take a pause. Adjusted earnings came in just above reduced expectations. Yum! Brands (YUM) - Get Report upped its full-year profit forecast thanks to a rebound in China. The region accounts for around half of total revenue. The owner of KFC expects to complete its spinoff of its China business by the end of October.