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The main US indices showed new all-time highs in the first hours of trading on Tuesday and then declined and closed at the lows of the day.
The Dow added 0.1%, the NASDAQ gained 0.1% and the S&P500 rose 0.2%.
On Wednesday morning, Asian stock markets declined amid signs of weakness in the US market. Japanese stock indices fell 0.2%. Chinese stock indices dropped by 1.4%.
The Brent price was down 0.8% in the morning, but remains at annual highs. December Brent futures are priced at $85.80.
The number of daily global infection cases rose to 427K. In the US, there were +70K cases. However, high numbers of infections are now being recorded in Eastern Europe.
The S&P 500 is trading at 4,574. It remains in the range of 4,540-4,590. The American Petroleum Institute reportedly shows a build of 2.3M barrels of oil for the week ending October 22.
The S&P house price index rose 0.9% in August. The increase was expected to be 1.5%. The index increased by 19.7% compared to last year.
General Electric reported a loss of $2.8bn in the first nine months of the year. A year earlier a profit was about $2.8bn. The company's revenues also fell 1.8%
Google tallied its highest sales growth in more than a decade and nearly doubled its profit in the third quarter, as smaller businesses poured money into digital ads aimed at customers whose purchases have shifted online.
Senate Democrats plan to enact a 15% minimum corporate tax as a way to help pay for social-spending package.
Microsoft revenues rose by 22% year-over-year, to $45bn. Profits rose 48% to $20bn. Bill Gates' record business performance is a result of its cloud-computing segment and the shift to remote work.
A report showed new home sales in the US skyrocketed in the month of September, soaring by 14% to an annual rate of 800,000.
The consumer confidence index climbed to 113.8 in October from an upwardly revised 109.8 in September.
The US dollar index is trading at 93.90. It is trading in the range of 93.60-94.20. The dollar has shown slight gains for two days in a row. The currency is waiting for information from the Fed, as well as the GDP report and new inflation data.
The USD/CAD pair is trading at 1.2390. It remains in the range of 1.2330-1.2450. The pair's decline has been halted by a moderate rise of the dollar. However, it could continue if oil prices rise again.
The market is waiting for more data at the end of the week.
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