U.S. Stocks Point Higher, Healthcare Lives: Wednesday's Top Stories
Summary:
Jane King has Wednesday's Top Stories:
DOW Crosses 23,000:
The Dow Jones Industrial Average crosses 23,000 just 2.5 months after crossing 22,0000. Stocks are pointing to a higher start today.
IBM Beat Expectations:
IBM (IBM) - Get Report should help the blue chips as it beat expectations on both top and bottom line. IBM did report a 22nd straight quarter of revenue decline. IBM's Chief Financial Officer said on the company's conference call that there are signs that things are turning around and executives are confident in their strategy.
There Could Be an Deal on Healthcare:
There are new signs of life for healthcare. Senators from both parties say they've reached a deal to restore the Affordable Care Act cost-sharing reduction payments for 2 years in exchange for more state flexibility in Obamacare. Open enrollment begins November 1st. The Federal Reserve releases its Beige Book survey of regional economic conditions today.
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