My top 10 things to watch Wednesday, Oct. 30
1. Wall Street was looking at a mixed open. The Nasdaq closed at a record high on Tuesday and was steady early Wednesday. Dow stock Caterpillar weighed on the 30-stock average, which was in the red. The heavy equipment maker missed on earnings and cut guidance.
2. Bond yields remained lower despite the ADP’s monthly report on hiring at U.S. companies more than doubled estimates with 233,000 jobs added in October. The government said the U.S. economy grew at a 2.8% pace in the third quarter. That was slower than expected.
3. Helping the case for tech stocks, Alphabet jumped more than 6%, the morning after the tech giant delivered a quarter of amazing growth. Google Cloud and ads on YouTube were strong. Not much on the Justice Department’s antitrust litigation.
