LIVE MARKETS-Wall Street moves higher as earnings flood continues

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

WALL STREET MOVES HIGHER AS EARNINGS FLOOD CONTINUES

Wall Street's main indexes are higher on Tuesday as investors parse through a plethora of earnings including UnitedHealth UNH.N and PayPal PYPL.O, as we enter one of the busiest weeks of the third-quarter earnings season.

Information technology .SPLRCT is the leading gainer among the 11 major S&P sub-sectors, with Microsoft MSFT.O advancing 2.7% after the company and OpenAI said they had reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation.

Apple AAPL.O briefly breached $4 trillion in market value for the first time in early trading ahead of its earnings later this week.

Microsoft, Amazon.com AMZN.O and Meta Platforms META.O are also slated to report earnings this week.

Of the 180 S&P 500 .SPX companies that have reported earnings so far, nearly 87% of them have beaten analysts' estimates on profit, according to LSEG data.

Payment firm PayPal is jumping 12.4% after the company entered into a deal with OpenAI that will allow ChatGPT users to buy products using its platform and also raised its profit forecast for the year.

United Parcel Service UPS.N is climbing 7.2% after the company posted better-than-expected third quarter results and announced 48,000 job cuts.

UnitedHealth shares are marginally higher despite the health insurer raising its annual profit forecast and saying it aims to grow in 2026.

REIT Alexandria Real Estate Equities ARE.N is dropping 15.3% after forecasting annual adjusted funds from operations (AFFO) below estimates.

Earnings aside, investors are also on the lookout for the U.S. Federal Reserve's interest rate decision on Wednesday, with markets widely expecting a 25-basis-point cut. Central banks in Europe, Canada and Japan will also announce their respective rate verdicts this week.

While economic data remains scarce due to the U.S. government shutdown, the ADP National Employment Report's inaugural weekly preliminary estimate showed that U.S. private payrolls increased by an average of 14,250 jobs in the four weeks ending October 11.

Here's how the markets are looking like at 10:25 a.m ET/ 1425 GMT:

(Shashwat Chauhan)

EARLIER ON LIVE MARKETS:

ARGENTINE STOCKS JOIN THE PARTY AS MILEI'S LIBERTARIANS WIN, BUT FX RISKS LINGER CLICK HERE

BENCHMARK TREASURY YIELD SET FOR BIG TEST ON CHARTS AMID ACTION-PACKED WEEK CLICK HERE

SPRING TIME FOR THE AUSSIE CLICK HERE

HOW TO PLAY THE GLOBAL M&A WAVE IN EUROPE CLICK HERE

DON'T BET ON A CHINESE REBOUND TO SAVE LUXURY CLICK HERE

STOXX PAUSES FOR BREATHER CLICK HERE

BEFORE THE BELL: EARNINGS! CLICK HERE

OF BASEBALL, GOLF AND NOBEL PRIZES CLICK HERE