NEW YORK (Reuters) - Earnings from Caterpillar and 3M drove Wall Street higher on Thursday but stocks pared gains in late trading after reports that a New York hospital was running Ebola tests on a healthcare worker.
Amazon.com Inc. (AMZN:US) forecast sales and profit for the holiday quarter that missed analysts' projections, underlining the limits to Chief Executive Officer Jeff Bezos's strategy of spending big to fuel growth.
A published report Thursday said Sears Holdings is laying off about 6,000 workers as it closes 110 stores within the next few months, many before Christmas, according to Seeking Alpha, a content service for financial markets.
Strong corporate earnings soothed lingering concerns about the health of the U.S. economy and drove stocks sharply higher on Thursday with all three major indices closing more than 1.5% higher.
The Canadian dollar closed higher Thursday amid positive economic news from Europe and China and rising commodity prices. The loonie gained 0.08 of a cent to end at 89.02 cents (U.