On the data front, U.S. industrial production barely rose in September as a rebound in manufacturing output was offset by a decline in utilities production, suggesting a moderate acceleration in economic growth in the third quarter. The Federal Reserve said industrial output edged up 0.1 percent last month after a downwardly revised 0.5 percent decline in August.
Economists polled by Reuters had forecast industrial production gaining 0.1 percent last month after a previously reported 0.4 percent fall in August
In October, manufacturing in the state of New York contracted for the third straight month. The Federal Reserve Bank of New York says its Empire State index slid to a reading of minus 6.8 this month, its lowest level since May and down from a minus 2 reading in September.
Anything below zero indicates a contraction. Economists had expected this survey to show growth this month.
Meanwhile in the energy market, crude prices traded lower, with U.S. West Texas Intermediate crude futures settling at $49.96 a barrel, down 41 cents or 0.81 percent.
—CNBC's Jeff Cox and Antonio Jose Vielma contributed to this report.
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