US markets pause for breath

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Dow Jones Industrial Average

Last Updated at 22 Oct 2014, 15:58 ET *Chart shows local time Dow Jones intraday chart
value change %
16461.32 -

Top winner and loser

Travelers Company Inc.

95.58 +

Boeing Co.

121.45 -
value change %

Nasdaq Index

4382.85 -

S&P 500 Cash Index - Chicago Mercantile Exchange

1927.11 -

(Open): After recording strong gains on Tuesday, US markets opened flat as investors digested a raft of company results.

Shortly after trading began, the Dow Jones was up just 0.47 at 16,615.28, while the tech-heavy Nasdaq rose 5.46 points to 4,424.94.

The S&P 500, which jumped nearly 2% on Tuesday, edged up 0.26 to 1,941.54.

Boeing shares fell 1.4% despite the aerospace giant raising its profit forecast for this year.

The company expects to make between $8.10 and $8.30 per share, from its previous guidance of between $7.90 and $8.10 per share.

Shares in Yahoo rose 4.6% after the technology giant reported third-quarter profits of $6.8bn (£4.2bn), buoyed by earnings from the firm's stake in Alibaba.

Yahoo was required to sell part of its stake ahead of the Chinese firm's stock market flotation, netting it $6.3bn.

Dow Chemical was another riser, climbing 1.5% following the release of stronger-than-expected quarterly results, with earnings up 31% to $1.27bn.

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