Wall Street mixed on earnings reports; trade worries resurface

REUTERS: The S&P 500 and Nasdaq index rose on Thursday, boosted by gains in Microsoft and PayPal, but Vice President Mike Pence's comments on China rekindled worries ahead of trade talks.

But the blue-chip Dow Jones index was in the red, dragged down by a 4.2per cent fall in shares of 3M Co after the industrial conglomerate lowered its full-year profit forecast. Data on Thursday was mixed as new orders for key U.S.-made capital goods fell more than expected in September, while a private survey showed higher-than-expected factory activity in the month of October.

Dow Inc gained 2.4per cent after the company exceeded profit estimates, while electric car maker Tesla Inc surged 16.7per cent on a surprise quarterly profit.

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