US open: Stocks mixed as Q3 earnings pour in

Wall Street trading began on a mixed note on Wednesday as investors digested a slab of quarterly earnings reports.

As of 1530 BST, the Dow Junes Industrial Average was down 0.14% at 35,707.34, while the S&P 500 was 0.03% higher at 4,576.32 and the Nasdaq Composite came out the gate 0.42% firmer at 15,299.22.

The Dow opened 49.54 points lower on Wednesday, reversing modest gains in the previous session that saw blue-chip index register a new record close.

Wednesday's primary focus was corporate earnings, with a number of big-name US firms reporting throughout the course of the day.

First off, Bristol-Myers Squibb posted a 10% increase in quarterly revenues as sales grew amid increased research and development spending and Kraft Heinz beat on both earnings and sales expectations, Coca-Cola earnings topped estimates as consumers moved to drink more beverages outside of the home amid a reopening US economy, while Harley-Davidson third-quarter earnings blew past estimates after shipments topped expectations.

Boston Scientific traded higher despite narrowing its full-year guidance as quarterly profits topped expectations, Six Flags swung to a profit of $157.0m after welcoming 12.0m guests throughout the quarter, and Spotify recorded a profit of €2.0m during the quarter, up from a loss of €101.0m a year earlier, as average revenues per user increased from €4.29 to €4.34.

Carmaker General Motors beat Wall Street estimates with its third-quarter earnings and revenues on Wednesday and said its full-year results were now on track to be at the "high end" of previous guidance, while Boeing fell short of analysts' estimates for both its top and bottom lines by a wide margin and Harley-Davidson shares jumped after blowing past earnings estimates.

Still to come, Ford, Spirit Airlines, eBay and Netgear will all report after the close.

On the macro front, mortgage applications rose 0.3% in the week ended 22 October, according to the Mortgage Bankers Association, a marked improvement when compared to the 6.3% decline seen a week earlier.

Elsewhere, orders in the US for goods made to last more than three years slipped last month, according to the Department of Commerce, with durable goods orders declining at a month-on-month pace of 0.4% to $261.3bn in September - better than the 1.0% drop economists had pencilled-in.

Dow Jones - Risers

Microsoft Corp. (MSFT) $319.72 3.10%
Coca-Cola Co. (KO) $55.85 2.53%
McDonald's Corp. (MCD) $241.86 2.30%
Cisco Systems Inc. (CSCO) $56.56 1.35%
American Express Co. (AXP) $183.37 1.34%
Unitedhealth Group Inc. (UNH) $459.98 1.17%
Home Depot Inc. (HD) $372.50 0.89%
Travelers Company Inc. (TRV) $161.48 0.65%
Salesforce.Com Inc. (CRM) $296.98 0.63%
Procter & Gamble Co. (PG) $143.42 0.40%

Dow Jones - Fallers

Visa Inc. (V) $222.32 -4.10%
Dow Chemical Co. (DOW) $57.88 -1.41%
Walgreens Boots Alliance, Inc. (WBA) $47.76 -1.14%
3M Co. (MMM) $180.12 -1.12%
Johnson & Johnson (JNJ) $164.04 -1.03%
Amgen Inc. (AMGN) $207.09 -0.76%
Merck & Co. Inc. (MRK) $81.64 -0.74%
Walt Disney Co. (DIS) $170.82 -0.71%
JP Morgan Chase & Co. (JPM) $170.39 -0.59%
Nike Inc. (NKE) $162.96 -0.51%

S&P 500 - Risers

Harley-Davidson Inc. (HOG) $38.47 8.47%
F5 Networks Inc. (FFIV) $220.44 7.97%
Masco Corp. (MAS) $65.28 6.88%
Xilinx Inc. (XLNX) $180.99 5.30%
Juniper Networks Inc. (JNPR) $29.08 5.27%
PulteGroup Inc. (PHM) $51.06 4.89%
National Oilwell Varco Inc. (NOV) $15.27 4.83%
D. R. Horton Inc. (DHI) $91.61 3.28%
Ameriprise Financial Inc. (AMP) $306.97 3.25%
Chubb Corp. (CB) $193.20 3.19%

S&P 500 - Fallers

Fiserv Inc. (FISV) $99.04 -9.83%
Twitter Inc (TWTR) $56.35 -8.27%
Garmin Ltd. (GRMN) $149.15 -6.96%
Texas Instruments Inc (TXN) $184.07 -6.56%
Global Payments Inc. (GPN) $146.82 -5.86%
Capital One Financial Corp. (COF) $155.87 -5.45%
Mastercard Incorporated (MA) $339.42 -5.01%
Fidelity National Information Services Inc. (FIS) $116.39 -4.91%
Analog Devices Inc. (ADI) $171.48 -4.67%
Visa Inc. (V) $221.76 -4.34%

Nasdaq 100 - Risers

Xilinx Inc. (XLNX) $180.99 5.30%
Microsoft Corp. (MSFT) $319.31 2.97%
Tesla Inc (TSLA) $1,044.12 2.52%
Alphabet Inc. Class A (GOOGL) $2,851.71 2.35%
Alphabet Inc. Class C (GOOG) $2,858.22 2.32%
NetEase Inc. Ads (NTES) $101.00 2.12%
Hasbro Inc (HAS) $93.06 1.86%
Automatic Data Processing Inc. (ADP) $222.52 1.70%
CSX Corp. (CSX) $36.24 1.56%
Skyworks Solutions Inc. (SWKS) $166.68 1.43%

Nasdaq 100 - Fallers

Fiserv Inc. (FISV) $99.04 -9.83%
Texas Instruments Inc (TXN) $184.07 -6.56%
Analog Devices Inc. (ADI) $171.48 -4.67%
PACCAR Inc. (PCAR) $84.98 -2.19%
Microchip Technology Inc. (MCHP) $72.19 -2.17%
Activision Blizzard Inc. (ATVI) $79.02 -2.15%
Cognizant Technology Solutions Corp. (CTSH) $77.07 -2.13%
Micron Technology Inc. (MU) $67.51 -2.07%
Biogen Inc (BIIB) $265.54 -2.06%
Idexx Laboratories Inc. (IDXX) $640.55 -1.75%