Here's what happened on Wall Street on Tuesday, Oct. 24.
Strong earnings results from a couple of bellwethers helped pushed the Dow Jones Industrial Average to record highs Tuesday.
The Dow climbed 0.72%, the Nasdaq climbed 0.18% and the S&P 500 rose 0.16% Tuesday.
New Ransomware Threat Spotted in Russia and Ukraine
A new ransomware worm is affecting computers in Russia, Ukraine, Germany and Turkey, raising fears of a repeat of the Wannacry ransomware attack from earlier this year that affected thousands of computers worldwide.
The Odessa Airport and Kiev Metro in Ukraine have already been affected by the attacks, according to the Independent UK.
"Based on our investigation, this is a targeted attack against corporate networks, using methods similar to those used in the ExPetr attack," Kaspersky Lab said. "However, we cannot confirm it is related to ExPetr."
AT&T Shares are down Double Digits in 2017
AT&T (T) was falling more than 1% ahead of the company's earnings release Tuesday at 4:30 PM EST.
Analysts are expecting the company to report earnings of 74 cents per share on revenue of $40.1 billion.
TheStreet has an in-depth review of the company's earnings here.
Monday Night Football Gets a Ratings Bump
Nearly 8% of metered televisions tuned in last night to watch the Philadelphia Eagles wallop the Washington Redskins on Monday Night Football on ESPN (DIS) . The overnight rating represents a 30% increase over the viewership for the previous week's game, which was a season-low for the network.
NFL ratings are down about 7% overall through the first seven weeks of the season, but there have been bright spots in recent weeks for the primetime games.
Monday Night Football's ratings are actually up 4% year over year in spite of last week's dud.
Atlanta in the Catbird Seat to Land Amazon's Satellite HQ
Betting site Paddy Power has Atlanta as the odds-on favorite to land Amazon's (AMZN) $5 billion second headquarters, giving the Georgia city 2-to-1 odds. Austin and Boston round out the top three with 3-to-1 and 6-to-1 odds, respectively.
More than 200 cities put together presentations to lure Amazon to them. Georgia has offered the company a $1 billion incentive package and pitched 10 metro-Atlanta sites.
Eli Lilly Is Looking For a Buyer for Elanco Animal Health
Drug maker Eli Lilly (LLY) is exploring the possibility of selling or spinning off its Elanco Animal Health unit. The segment was responsible for about 15% of the company's revenue last year.
Action Alerts PLUS holding Lilly insists that the unit is still profitable, but increased competition in the space has it exploring its options for Elanco.
"Today, we are also announcing a strategic review of our Elanco Animal Health business. Elanco has developed into a premier animal health company, and has been an important growth driver and source of revenue diversification for Lilly. Through acquisitions and organic growth, we've grown Elanco to a size and scale that now allows us to consider a variety of options to maximize future value," CEO David Ricks said.
Wine Production Could Fall as Much as 8% Next Year
The International Organization of Vine and Wine is projecting an 8% decline in wine production to about 247 million hectoliters due to inclement weather in France, Italy and Spain, the world's three largest wine producers.
The European Commission is expecting France to have its lowest output since 1945, with levels dropping 19% year over year. In Spain production is expected to be 15% lower while Italian production is expected to drop 23%.
Sears Will No Longer Sell Whirlpool Appliances
"Whirlpool has sought to use its dominant position in the marketplace to make demands that would have prohibited us from offering Whirlpool products to our members at a reasonable price," Sears wrote in an internal memo reviewed by CNBC.
Sears will move on to its Kenmore and other products once its inventory of Whirpool products is depleted.
McDonald's Reports Results
Shares of fast-food restaurant McDonald's (MCD) were rising premarket as the company reported a 6% increase in global year-over-year sales. FactSet was expecting the company to report 4.6% growth.
McDonald's reported adjusted earnings of $1.76 per share on revenue of $5.75 billion. Both totals are in line with FactSet consensus estimates.
The sale of the company's business in China and Hong Kong resulted in an $850 million windfall in the quarter, pushing the McDonald's operating income 44% higher. On an adjusted basis, consolidated operating income rose 5%.
U.S. futures contracts were well into the green premarket Tuesday, following up a dismal day of trading Monday where all three major indices lost ground after opening the session in record-high territory.
Dow futures were leading the way, rising nearly 0.6%, while Nasdaq and S&P 500 futures rose 0.14% and 0.17%, respectively.
The Nikkei continued to push higher after closing at a record high Monday following national elections in Japan that reaffirmed Prime Minister Shinzo Abe's ruling party. The Nikkei closed up 0.5% while the Shanghai Composite also climbed 0.22%.
In Europe, all three major indices were in the green with over four hours left in trading.