Tech is no longer the star on Wall Street. The Dow Industrials and the S&P 500 look set to rally at the open as investors embrace strong earnings from Dow components Caterpillar (CAT) and McDonald’s (MCD). However, a drop in shares of Alphabet (GOOGL) are weighing on the Nasdaq. Yahoo Finance’s Alexis Christoforous, Andy Serwer and Sean Smith report on the day’s top stories.
Wall Street’s “fear gauge” on Tuesday was on track to book its lowest level in history as the gauge plumbs new depths amid a series of records for stock-index benchmarks.