Nasdaq wins for first day out of three while US voters go to the polls

Wall Street: an overview

Stocks traded higher on Tuesday, Nov. 6, as Wall Street focused on the mid-term election results, which could either stall or extend the longest bull market in history.

The Americans went to the polls on Tuesday to choose the 435 seats in the House of Representatives and the 35 Senate seats to win in this year's election cycle. Analysts have suggested that Democrats have an 85% chance to regain control of the House, while their Republican rivals have the same chances of holding the upper house.

This result, based on historical data, would likely lead to slower market gains in the last two years of Donald Trump's first term, after a 28% gain for the S & P 500 since his election in November 2016, the best performance since Dwight D. Eisenhower in the mid-1950s.

The Dow Jones Industrial Average advanced 173 points, or 0.7%, to 25 635.01%, the S & P 500 up 0.6% and Nasdaq up 0.6%.

Eli Lilly & Co. (LLY) reported third-quarter adjusted earnings of $ 1.39 per share, up 4 cents from Wall Street estimates. Revenues of $ 6.06 billion exceeded expectations of $ 6.05 billion.

The drug maker has raised its outlook for adjusted earnings in 2018 from $ 5.55 to $ 5.60 per share, against an earlier forecast of $ 5.40 to $ 5.50. The stock fell 3.7%.

CVS Health Corp. (CVS) said adjusted third-quarter profit was $ 1.73 per share, above expectations of $ 1.71. Revenues increased 2.4% to $ 47.3 billion and slightly exceeded estimates. Same-store sales during the quarter jumped 6.7%. Shares gained 4.5%.

Ralph Lauren Corp. (RL) reported earnings per share of $ 2.26 in the second quarter, exceeding expectations of $ 2.16. Revenues for the quarter were $ 1.69 billion, up from $ 1.65 billion. The stock decreased by 6.6%.

Toyota Motor Co. (TM) reported slightly lower than expected budget profit in the second quarter, but said a weakening of the yen, accelerated cost reductions and improved markets in China and North America North should boost the results of the exercise.

Toyota deposits by US depositories rose 1.6% on Tuesday.

Booking Holdings Inc. (BKNG) reported earnings per share of $ 37.78 in the third quarter, lower than analysts' estimate of $ 38.21. Revenues were $ 4.85 billion, up from $ 4.8 billion.

The online travel company said it expects earnings per share of $ 18.90 to $ 19.40 for the fourth quarter, while analysts expect $ 18.74. Shares rose 4.2%.

Marriott International Inc. (MAR) lost 5.1% Tuesday after the hotel chain reported third quarter earnings above estimates, but sales of $ 5.05 billion exceeded expectations of $ 5.3 billion .

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