Dow soars to open above 23000 for the first time

Federal Hall's George Washington statue stands near the flag-covered pillars of the New York Stock Exchange. Stocks are off to a mixed start on Wall Street Tuesday Oct. 17 2017 as gains for health

Financials were the biggest drag on the S&P 500, with shares of Goldman Sachs down 2.6% despite reporting a profit beat and smaller-than-expected trading revenue fall.

The gains have been driven by stronger than expected earnings for many US companies, as well as the hopes of those companies that President Trump's tax reform plan could lower taxes on them.

The Dow Jones Industrial Average opened above 23,000 for the first time on Wednesday following strong quarterly results from IBM.

"Announcements by the European Central Bank next week and decision by the Fed in December will probably have a higher impact on whether or not we continue this rally".

Federer romps into Shanghai Open semis
In the quarterfinals, Nadal will play sixth-seeded Grigor Dimitrov of Bulgaria, who got past Sam Querrey of the USA 6-3, 7-6 (3). Roger Federer is through to the semi-finals of the Shanghai Masters after a hard-fought victory over Richard Gasquet .

Investors are also awaiting the Fed's issue of the Beige Book, a periodic snapshot on the health of the US economy. The S&P 500 index added 1.90 points to 2,561.26 and the Nasdaq composite index eked out 0.56 of point to 6,624.22. Seven of the 11 major S&P sectors were lower, led by 0.47 percent drop in the telecom services index .SPLRCL , followed by 0.42 percent slide in the utilities index .SPLRCU . Shares of Anthem were up 1.9%, while shares of Tenet Healthcare were up 5.3%.

Netflix slipped 1.6% after touching a record high as more subscribers signed up for its original content in the latest quarter.

U.S. housing starts fell by 4.7% month-on-month in September to reach an annualised pace of 1.127m, according to the Department of Commerce.

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