Stocks looked like they were ready to extend their longest winning streak in two years Wednesday, but momentum stalled mid-morning. A lack of key economic reports on today's docket had investors focused on a number of corporate earnings reports – some that were good and some that were not so good.
Starting with the good. Energy stock Occidental Petroleum (OXY) – which is the sixth largest position in Warren Buffett's Berkshire Hathaway equity portfolio – gained 1.6% after earnings. The oil exploration and production company reported higher-than-expected third-quarter earnings and revenue, while operating cash flow came in at $3.1 billion.
