The benchmark US equity indices made it a clean sweep overnight, with all three gauges carving out fresh record all-time closing highs - Dow up +115-points or +0.42% The broader S&P500 +0.37%, NASDAQ +0.55%.
In US corporate earnings, Under Armour Inc tumbled after the company confirmed it was the subject of a federal investigation into its accounting practices. The athletic gear company reported a third-quarter decline in North America sales and cut its full year earnings outlook. After the closing bell, Uber Technologies Inc announced earnings that beat analyst estimates on the top and bottom lines for its third quarter or 2019 but the stock fell more than 5% after the company reported over $1 billion in net losses. Sprint Corp and Roku Inc report tonight AEST.
In US economic data, Durable Goods and Factory Orders data for September Both the Institute of Supply Management (ISM) and Markit release their Services Purchasing Manager's Indices (PMI) for October tonight AEST (5 October), while Balance of Trade figures for September (with the trade deficit forecast to decrease to US$52.5B from US$54.9B) are also scheduled for release.
