However, excluding the more volatile categories, the trajectory for growth looks weak," Jeffrey Roach, Chief Economist for LPL Financial, said. Caterpillar Inc CAT.N, McDonald's Corp MCD.N, Merck & Co Inc MRK.N and Honeywell International Inc HON.O all rose after reporting earnings. U.S. treasury yields slid further after data showed growth in U.S. consumer spending slowed in the third quarter, a sign inflation is peaking and the Federal Reserve can soon ease its aggressive hiking of interest rates.