* Brexit developments still in focus
* Sterling steadies
* Texas Instruments revenue forecast hits chipmakers
(New throughout, updates prices, market activity and comments;
new byline, changes dateline, previous LONDON)
By Caroline Valetkevitch
NEW YORK, Oct 23 (Reuters) - World stock indexes edged up on
Wednesday, with the S&P 500 boosted by gains in shares of Apple
that offset Texas Instruments' disappointing forecast, and the
British pound steadied as European Union leaders consider
London's request for a Brexit delay.
On Wall Street, chipmakers fell along with shares of Texas
Instruments, while Apple AAPL.O shares rose after Morgan
Stanley said the iPhone maker's soon-to-be-launched video
streaming service could boost its services revenue.
"What I think is causing the hesitation is the fear of other
bellwether companies also disappointing," said Andre Bakhos,
managing director at New Vines Capital LLC in Bernardsville, New
Jersey. Sterling inched higher, with European Union leaders expected
to grant a three-month extension to the Oct. 31 deadline for
Britain's departure. "While weaker, the bottom hasn't fallen out of the pound
given that a no-deal Brexit has seemingly been taken off the
table," said Joe Manimbo, senior market analyst at Western Union
Business Solutions.
The pound was yanked down to $1.2850 from $1.30 GBP= after
UK lawmakers put the brakes on the government's Brexit plans
again on Tuesday. Sterling GBP= was last trading at $1.289, up 0.14% on the
The Dow Jones Industrial Average .DJI rose 91.94 points,
or 0.34%, to 26,880.04, the S&P 500 .SPX gained 4.72 points,
or 0.16%, to 3,000.71 and the Nasdaq Composite .IXIC added
5.67 points, or 0.07%, to 8,109.96.
The pan-European STOXX 600 index .STOXX rose 0.06% and
MSCI's gauge of stocks across the globe .MIWD00000PUS gained
0.05%.
In commodity markets, oil prices were higher.
U.S. crude CLcv1 rose 1.05% to $55.05 per barrel and Brent
LCOcv1 was last at $60.16, up 0.77% on the day.
Benchmark 10-year notes US10YT=RR last rose 5/32 in price
to yield 1.7485%, from 1.766% late on Tuesday.
World FX rates in 2019 http://tmsnrt.rs/2egbfVh
Emerging markets in 2019 http://tmsnrt.rs/2ihRugV
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>