Headlines go here ...US industrial production rises solid 0.3 percent in September... Microsoft rolls out new Windows 10 update and laptops
NEW YORK (AP) — Stocks are off to a mixed start on Wall Street as gains for health care companies are offset by losses elsewhere in the market. UnitedHealth Group rose 3.9 percent after reporting earnings that beat analysts’ estimates. Boeing fell 1 percent after rival aircraft maker Airbus took a majority stake on Bombardier’s C-series passenger jets. At 10:14 a.m. Eastern Time, the S&P 500 was up a fraction of a point at 2,558, The Dow was up 24 points at 22,981, and the Nasdaq was down a fraction of a point at 6,624.
WASHINGTON (AP) — U.S. industrial production rose a solid 0.3 percent in September, but the increase was limited due to the lingering damage from Hurricanes Harvey and Irma. The Federal Reserve says the storms, which struck the Gulf Coast and Florida, held down industrial output by 0.25 percentage points. Still, the manufacturing of automobiles, home electronics and appliances advanced in a potentially positive sign for consumer spending.
UNDATED (AP) — U.S. homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs following hurricanes Harvey and Irma. The National Association of Home Builders/Wells Fargo builder sentiment index rose four points to 68 this month. That’s the highest reading since May. Readings above 50 indicate more builders see sales conditions as good rather than poor. The index has remained above 60 since September of 2016.
UNDATED (AP) — Microsoft has begun rolling out an update to its Windows 10 operating system, hoping to spark enthusiasm for its virtual- and augmented-reality ambitions. Several of Microsoft’s partners — Acer, Dell, HP and Lenovo — are simultaneously launching their first “Windows Mixed Reality” headsets. Samsung is also releasing one early next month. And next month, Microsoft will offer a new generation of laptops in its Surface line. Two versions of the new Surface Book 2 — one 13.5 inches and the other 15 inches.
UNDATED (AP) — A new study inspired by Boston’s early experiments with self-driving cars finds that the technology could ease congestion, but might also lead to more cars on the road and further encourage urban sprawl. The report by the Boston Consulting Group and the World Economic Forum is a mostly optimistic take on how autonomous vehicles could change cities. Three companies are now testing self-driving cars in Boston’s Seaport District.