The 25Q3 Y/Y blended earnings growth estimate is 42.9%. If the energy sector is excluded, the growth rate for the index is 41.7%.

Business inflation expectations were steady in October, reports the Atlanta Fed. 

The primary issue for Wall Street is that IBM’s Red Hat cloud computing unit is showing signs of slowing growth. It grew 14% year-over-year in Q3, down from 16% in the previous quarter.

Rice was lower again, the selling seems to be relentless and appears tied to the weaker prices in Asia and especially India.

The FTSE 100, known for its heavy weighting in commodities, climbed as much as 0.7%, reaching an all-time high of 9,579.07 points, and was still up 0.7%.