U.S. stocks end with minor gains amid corporate earnings

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NEW YORK, Oct. 23 (Xinhua) -- U.S. stocks wrapped up the day with minor gains at market close on Wednesday, as investors assessed a batch of mixed corporate performance results in the third quarter (Q3), including Texas Instruments and Caterpillar.

The Dow Jones Industrial Average increased 45.85 points, or 0.17 percent, to 26,833.95. The S&P 500 rose 8.53 points, or 0.28 percent, to 3,004.52. The Nasdaq Composite Index increased 15.50 points, or 0.19 percent, to 8,119.79.

Nine of the 11 primary S&P 500 sectors traded higher around market close, with the energy sector up 0.75 percent, leading the winners.

The majority of the 30 blue-chip stocks in the Dow extended gains around the closing bell, with shares of Merck & Co. and the Travelers Companies up 1.93 percent and over 1.54 percent, respectively, leading the advancers.

Among the 98 S&P 500 companies that have released Q3 earnings to date, 82.7 percent have issued results that beat market expectations, according to financial data provider Refinitiv.

Shares of Caterpillar rose 1.23 percent, despite that the industrial bellwether posted third-quarter profit and revenue that both came shy of analysts' estimates.

The manufacturing giant also slashed its full-year earnings guidance which was weighed down by a fall in industry demand.

Shares of Texas Instruments plunged 7.48 percent, after the widely-regarded chipmaker barometer reported worse-than-expected quarterly revenue for Q3 and lowered its revenue guidance for the fourth quarter due to weakening market demand. Enditem

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