Closing BellHere's what happened on Wall Street, Tuesday, Oct. 31.
It was a rebound day across the board on Wall Street, will all three major averages closing in the green, after finishing in the red on Monday.
The Dow Jones Industrial Average closed higher 0.12% while the S&P 500 rose 0.9%. The Nasdaq closed up 0.43%, powered by stronger-than-anticipated demand for the all-new Apple (AAPL) iPhone X. Shares of Apple closed higher over 1.3%.
Conversely, it was a rough day for Under Armour (UAA) investors as the stock fell over 23% after disappointing third-quarter results. Shares of Qualcomm (QCOM) also fell, lower over 6.6%, on reports that Apple could discontinue the use of its chips in its devices.
House of Cards Filming Suspended IndefinitelyFilming of the sixth and final season of Netflix's ( NFLX) hit show House of Cards has been suspended indefinitely, Deadline Hollywood is reporting.
Cast and crew members of the Media Rights Capital-produced series were informed of the decision this morning.
The news comes just one day after Netflix announced the show's ending following the sixth season, amid allegations that its lead actor Kevin Spacey made unwanted sexual advances towards Star Trek Discovery actor Anthony Rapp in 1986.
GM to Hold Special Self-Driving Event in NovemberGeneral Motors' ( GM) Cruise, the automaker's self-driving vehicle unit, will host a special event on November 28, inviting select media to "Come experience our vision of a self-driving future," TechCrunch is reporting.
The event will reportedly allow media members and other guests to test their pilot self-driving ridesharing service. The service is currently conducting tests in San Francisco using GM's Chevrolet Bolt, outfitted with self-driving hardware, but is only available to Cruise employees.
Amazon to Create Over 500 Full-Time Jobs via New Georgia Fulfillment CenterAmazon.com ( AMZN) on Tuesday announced that it would bring a new fulfillment center to Macon, GA. that will create over 500 full-time jobs.
The e-commerce giant already employs over 2,000 full-time employees in the Georgia towns of Braselton, Lithia Springs, and Union City.
"Georgia continues to be a great place for Amazon to do business and we look forward to adding a fulfillment center to better serve our customers in the region," said Sanjay Shah, Amazon vice president of North America customer fulfillment. "Our new fulfillment center in Macon will create hundreds of full-time jobs with competitive pay and great benefits. We're glad to be a part of the community and provide a positive economic impact for the region"
Workers at the new 1,000 square-foot center will pack and ship large-sized items for customers, including household furniture, sporting equipment, and gardening tools.
GE Aviation, Tableau Software Partner to Provide Aviation Industry with AnalyticsGeneral Electric Co ( GE) subsidiary GE Aviation and software company Tableau Software, Inc ( DATA) on Tuesday announced an agreement to provide commercial and military airline customers with agile visual analytics that can further enhance fuel efficiencies, aircraft safety, and consumers' overall flying experience.
GE's Predix platform will give detailed data and reports combining airline and industry data that aviation customers can acquire to interpret and customize with Tableau's advanced visual analytics capabilities.
Some of that data will include engine diagnostics and maintenance, flight patterns, and fuel usage.
"We are working with our partners to make aviation data accessible and useful to everyone in the industry, and not just engine data," said Andrew Coleman, chief commercial officer for GE Aviation's Digital Solutions. "This partnership with Tableau will bring together the capabilities of the best industrial cloud platform and the best business intelligence platform, giving our customers powerful insights that drive operational efficiencies and revenue enhancements." GE is a holding of Action Alerts PLUS.
Rockwell Automation Rejects Emerson Takeover OffersRockwell Automation ( ROK) , a provider of industrial automation power, control and information solutions for manufacturers, on Tuesday confirmed that it had rejected a takeover offer received from Emerson Electric ( EMR) on Oct. 10.
The unsolicited proposal from Emerson to acquire Rockwell Automation was "for consideration consisting of $107.50 per share in cash and 225 million shares of Emerson common stock, valued at $107.50 per share based on Emerson's 30-day volume weighted average share price of $62.92 as of October 10, 2017," Rockwell said.
Prior to the October bid, Emerson had made an unsolicited proposal on Aug. 2 to acquire Rockwell Automation for $200 per share, consisting of approximately half of the consideration in cash and half in Emerson common stock.
Following a review of Emerson's offers, Rockwell's board of directors unanimously decided that they were not in the best interest of the company or its shareholders.
CME Group to Launch Bitcoin FuturesThe CME Group, the world's leading and most diverse derivatives marketplace, announced on Tuesday that in the fourth-quarter of 2017 it plans to launch bitcoin futures, pending regulatory review.
The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR), a reference rate of the U.S. dollar price to bitcoin.
"Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract," said Terry Duffy, CME Group Chairman and Chief Executive Officer. "As the world's largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities."
PremarketU.S. stock futures contracts were rising ahead of the opening bell Tuesday, pointing toward a higher opening for the three major indices in trading.
In Asia, the Nikkei 225 was unchanged at 22,011.61, while the Hang Seng was lower 0.3% and Shanghai Composite rose in Tuesday trading 0.09%.
Indices in Europe were all in the green, with the FTSE 100 in the U.K. higher 0.14%, the CAC 40 in France was rising 0.14% and DAX in Germany slightly higher 0.09% with about four hours left in trading across the Atlantic.