Meanwhile, the third quarter U.S. corporate earnings reporting season were off to a good start this week. Of the S&P 500 index companies that have reported through Wednesday morning, 83% have topped analyst expectations, FactSet data shows.
Which stocks are in focus?
Shares of Bank of America Corp. /zigman2/quotes/200894270/composite BAC +0.39% rose 1.5% after the company reported third-quarter profit that topped Wall Street expectations.
Shares of United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL -0.06% ended 2.1% higher after third-quarter profit reported after Tuesday’s close topped expectations and the company raised guidance for the year.
Shares of General Motors /zigman2/quotes/205226835/composite GM -0.76% gained 1.1% after the car maker and the United Auto Workers union reached a tentative deal to end the months long strike at GM.
Shares of MGM Resorts International /zigman2/quotes/209932643/composite MGM +0.99% fell 1.6% after it announced late Tuesday that it would sell its Circus Circus casino resort in Las Vegas and a huge interest in its Bellagio resort.
How are other markets trading?
U.S. Treasury yields fell Wednesday after lackluster data U.S. on retail sales. The 10-year Treasury note yield /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y -1.73% slipped 2 basis points to 1.750%.
Oil futures on Wednesday registered their first climb in three sessions, recouping much of the loss they suffered a day earlier, but worries over demand prospects remained, with prices holding on to a sizable week-to-date loss. West Texas Intermediate crude for November delivery /zigman2/quotes/209727038/delayed CLX21 +0.93% added 55 cents, or 1%, to settle at $53.36 a barrel on the New York Mercantile Exchange.
Gold prices ended higher on Wednesday as investors watched global political news surrounding trade and Brexit, and reacted to a weaker-than-expected reading of U.S. retail sales, which spurred some haven buying. Gold for December delivery on Comex rose $10.50, or 0.7%, to settle at $1,494 an ounce.
The British pound was on a roller-coaster ride Wednesday, while U.K. stocks fell as investors rode a wave of headlines updating on the Brexit-deal front. The pound /zigman2/quotes/210561263/realtime/sampled GBPUSD +0.2220% which has swung back and forth in recent sessions on Brexit headlines, advanced 0.4% to $1.2831 against the dollar, the highest level in five months.