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Stocks are moving higher in midday trading as several big U.S. companies deliver better earnings than the market was expecting.
General Motors jumped 6 percent after reporting earnings and revenue that easily beat analysts' forecasts.
Boeing rose 1 percent after its own results also came in ahead of expectations.
The Dow Jones industrial average climbed 70 points, 0.4 percent, to 17,285 as of 9:45 a.m. Mountain time Wednesday.
The Standard & Poor's 500 index rose two points, or 0.1 percent, to 2,033. The Nasdaq composite gained a point to 4,881.
The price of oil fell 1 percent to $45 a barrel.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.02 percent.
SECTOR VIEW: Seven of the 10 sectors in the S&P 500 moved higher, with utilities gaining the most, 0.4 percent. Health care stocks notched the steepest decline, 1.7 percent.
IN GEAR: General Motors jumped 5.1 percent after the automaker delivered better-than-expected earnings and revenue for the third quarter. Strong North American sales helped GM overcome $1.5 billion in costs from its deadly ignition switch recall. The stock gained $1.72 to $35.20.
PRANCING HORSEPOWER: Ferrari, founded in 1929 by Italian sports driver Enzo Ferrari, surged 10.5 percent in its stock market debut. The shares, which priced at $52, added $5.46 to $57.46.
UNAPPETIZING RESULTS: Chipotle Mexican Grill tumbled 6.3 percent after the restaurant chain's latest quarterly results fell short of Wall Street expectations. Chipotle's shares slid $44.52 to $661.11.
IT'S A DEAL: KLA-Tencor shares vaulted 23.3 percent on news the semiconductor company is being acquired by Lam Research for about $10.6 billion. KLA-Tencor rose $12.54 to $66.40. Shares in Lam Research gained $4.50, or 6.4 percent, to $74.53.
MARKETS OVERSEAS: In Europe, Germany's DAX was up 0.9 percent, while the CAC-40 in France rose 0.5 percent. The FTSE 100 index of leading British shares was down 0.1 percent. In China, the Shanghai Composite Index took a hit from selling of heavy industrials. The Shanghai benchmark fell 3.1 percent. Japan's Nikkei 225 gained 1.9 percent and South Korea's Kospi was up 0.2 percent. Hong Kong's market was closed for a public holiday.
ENERGY: Benchmark U.S. crude fell 94 cents to $45.35 a barrel in New York. Brent crude, used to price international oils, fell 72 cents to $47.99 a barrel in London.
BONDS AND CURRENCIES: U.S. government bond prices rose. The yield on the 10-year Treasury note fell to 2.03 percent from 2.07 percent the day before. The euro rose to $1.1363, while the dollar fell to 119.86 yen.