3M Co , however, fell 4% after the industrial conglomerate lowered its full-year profit forecast on weaker demand.
The earnings narrative so far has been fairly positive with over 80% of the 168 S&P 500 companies that have reported results beating profit expectations, according to Refinitiv data. “When earnings season began the bar was set pretty low and now a host of companies have reported and beaten expectations ... But I wouldn’t say we are completely out of the woods,” said Brian Yacktman chief investment officer at YCG Fund in Austin, Texas.
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.
All these front running algorithms don't know whether to laugh or cry.
Their doing coke and strippers that’s why
France Dernières Nouvelles, France Actualités
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