News Summary

Gold futures recovered after slightly falling down, while crude oil remained higher, after the Commerce Department depicted a rise of 0.2% in the US consumer spending in September and a decline of 0.1% in incomes. Crude futures for delivery in December gained 0.9% to $82.17 per barrel, while Gold futures for December moved up $1.80 to $1,359.60 an ounce. McKesson Corp MCK has agreed to buy US Oncology for $2.16 billion. The deal is likely to close by December 31. Shares of MCK are up about 2.7% following the news. Shares of Consolidated Edison Inc ED gained about 0.5% after the company reported its Q3 profit at $1.24 per share, up from $1.22 per share, in the year-ago quarter. The company's earnings from ongoing operations came in at $1.32 per share. However, analysts expected earnings at $1.21 per share. The company has also lifted its FY projections for earnings from ongoing operations to a range of $3.40 to $3.50 per share, up from its earlier range of $3.25 to $3.45 per share. Read more from Benzinga's Markets.