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European shares traded lower, amid concerns about the results of Europe's bank stress tests and the first Ebola case in New York.
Asian equities were mixed on the last trading day of the week as concerns over Ebola and China offset gains on Wall Street.
Eli Lustgarten, Senior Research Analyst at Longbow Research, has a 12-month target price of $108 for the heavy-equipment maker on the back of an optimistic outlook for 2015.
Caterpillar, 3 M earnings underpin sentiment. TOKYO, Oct 24- U.S. stock futures tumbled while safe-haven assets such as the yen and U.S. bonds gained on Friday after media reported that a doctor who returned to New York City from West Africa has tested positive for Ebola. Asian shares also some ground with MSCI's broadest index of Asia-Pacific shares outside Japan...
TOKYO/ SYDNEY, Oct 24- The yen pulled away from two-week lows against the dollar on Friday on safe-haven bids as U.S. stock futures tumbled on reports that a New York doctor had tested positive for the Ebola virus. "I think, next week the market will be more event-driven, with the FOMC and the Bank of Japan, so the downside should be limited," he said, adding that support at...
*Caterpillar, 3 M earnings boost sentiment. Japan's Nikkei share average rose 1.4 percent while MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent. Results from Caterpillar Inc and 3 M Co reassured investors that companies with large overseas revenue streams could deliver solid profits, despite concerns about global economic...
Kwame Webb, Analyst at Morningstar, says the heavy-equipment maker's engine and transportation unit helped to offset weakness in the resources and construction businesses.
No wonder they keep buying back so much stock, says "Mad Money" host Jim Cramer.
*Wall Street rally& higher U.S. yields lift dollar/yen. *Ebola scare in New York watched. SYDNEY, Oct 24- The yen languished at two-week lows against the dollar early on Friday, having come under renewed pressure overnight after an encouraging rally on Wall Street dampened demand for the safe haven currency.
Stocks head into Friday on track for the best weekly performance in 22 months, yet new Ebola fears and other geopolitical headlines could be wild cards.
After the market rally on strong quarterly earnings, the "Fast Money" traders share what stocks they're watching.
Jim Cramer tells his audience how to figure out what is behind a market rally and which stocks are headed higher.
*Industrial shares rally on 3 M, Caterpillar results. *Stocks pare gains; New York tests patient for Ebola. NEW YORK, Oct 23- Earnings from Caterpillar and 3 M drove Wall Street higher on Thursday but stocks pared gains in late trading after reports that a New York hospital was running Ebola tests on a healthcare worker.
Stocks surged Thursday after Caterpillar boosted its profit outlook.
NEW YORK, Oct 23- Corporate earnings including Caterpillar's drove Wall Street higher on Thursday but stocks pared gains late in the session after reports that a New York City hospital is running Ebola tests on a healthcare worker who treated infected patients in West Africa.
Good earnings and improving economic data are causing money to pile into the U.S. stock market.
Art Cashin of UBS Financial Services said earnings, global manufacturing data, higher oil prices and eased terror concerns jolt stocks.
*Industrials rally on 3 M, Caterpillar results. Shares of both Caterpillar Inc and 3 M Co rose following their results. Caterpillar, which also raised its full-year profit view, was up 4.6 percent at $98.94 while 3 M added 5 percent to $145.85.
Oct 23- Caterpillar Inc shares jumped more than 5 percent on Thursday after it reported a stronger-than-expected quarterly profit and raised its 2014 outlook, citing strong demand from the North American energy and construction industries. Since then, Caterpillar has focused on cutting production costs and boosting margins, a process that has involved...
Ahead of earnings from Microsoft and Amazon.com, analyst Christine Short says only one appeared positive.