Stock market today: World shares mixed after China pledges more support for slowing economy

World shares are mixed after China pledged more spending to counter its economic slowdown. Benchmarks fell in Paris, Frankfurt, Sydney and Seoul but rose in London, Tokyo and Hong Kong. U.S. futures were mixed and oil prices turned higher. On Tuesday, the S&P 500 rose 0.7% and the Dow gained 0.6%. The Nasdaq composite climbed 0.9%. As the pace of profit reports picks up, the hope is that companies will report their first growth in a year. Such strength is crucial for the stock market, which has slumped under the weight of higher bond yields. The 10-year Treasury yield slipped a day after reaching another 16-year high.