Toward the end of trading Tuesday, the Dow traded down 0.24 percent to 15,987.10 while the NASDAQ declined 0.09 percent to 4,065.20. The S&P also fell, dropping 0.23 percent to 1,804.27.
Top Headline
Toll Brothers (NYSE: TOL) reported a better-than-expected fourth-quarter profit. Toll Brothers' quarterly profit declined to $94.9 million, or $0.54 per share, versus a year-ago profit of $411.4 million, or $2.35 per share.
Its income before taxes climbed to $150.2 million from $60.7 million. Its revenue rose 65% to $1.04 billion. However, analysts were projecting earnings of $0.43 per share on revenue of $1.03 billion.
Equities Trading UP
3D Systems (NYSE: DDD) gained 6.54 percent to $80.97 on Tuesday's session following an initiation at Deutsche Bank at a Buy rating and a $95 price target.
Shares of EVERTEC (NYSE: EVTC) got a boost, shooting up 8.91 percent to $22.99 after the company reported the commencement of offering by selling holders.
Rambus (NASDAQ: RMBS) was also up, gaining 13.36 percent to $9.66 as the company and Micron Technology (NASDAQ: MU) signed a broad patent cross license agreement.
Equities Trading DOWN
Shares of Pep Boys - Manny, Moe & Jack (NYSE: PBY) were down 9.10 percent to $12.19 after the company reported weaker-than-expected results for the third quarter.
Icahn Enterprises LP (NASDAQ: IEP) shares tumbled 9.13 percent to $134.97 after the company announced the sale of 2 million depositary units.
Lumber Liquidators (NYSE: LL) was also down, falling 12.25 percent to $91.01 after the company provided weak guidance following the close Monday. A defense from Piper Jaffray did little to buoy shares.
Commodities
In commodity news, oil traded up 1.14 percent to $98.45, while gold traded up 2.02 percent to $1,259.20. Silver traded up 2.28 percent Tuesday to $20.31, while copper rose 0.18 percent to $3.26.
Eurozone
European shares were lower today. The Spanish Ibex Index declined 0.34 percent, while Italy's FTSE MIB Index dropped 0.18 percent. Meanwhile, the German DAX tumbled 0.69 percent and the French CAC 40 declined 0.72 percent while U.K. shares fell 0.34 percent. Economics
The ICSC-Goldman Sachs store sales index declined 1.6% in the week ended Saturday versus the earlier week. The NFIB small-business optimism index climbed 0.9 points to 92.5 in November.
Top 5 Casino Stocks To Own Right Now
The Johnson Redbook Retail Sales Index dropped 1.5% in the first week of December versus November. US wholesale inventories rose 1.40% in October, versus economists' expectations for a 0.30% gain.
US job openings rose 3.92 million in October, from 3.88 million in September, according to the JOLTS report. The Treasury is set to auction 3-year notes.
Posted-In: Earnings News Guidance Eurozone Commodities Forex Global Econ #s Economics Hot Intraday Update Markets Movers Tech
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Most Popular Rumor: Google to Announce Set-top Box Early in 2014 UPDATE: Sysco and US Foods Agree to Merge in $8.2B Agreement Five Star Stock Watch: eBay, Inc. How to Invest Like Warren Buffett Intel Paves Way For $99 Tablets Market Wrap For December 9: Investors Digest Further Clues Hinting at An Upcoming Taper Related Articles (DDD + BZSUM) Market Wrap For December 10: Fed Meeting One Week Away Mid-Afternoon Market Update: Markets Fall as 3D Systems Rallies on Deutsche Bank Initiation Mid-Day Market Update: Pep Boys Tumbles On Downbeat Results; Rambus Shares Jump Mid-Morning Market Update: Markets Edge Lower; Toll Brothers Profit Tops Estimates UPDATE: Deutsche Bank Initiates Coverage on 3D Systems on Positive Growth Outlook #PreMarket Primer: Tuesday, December 10: Bullard Pushing For A December Taper Around the Web, We're Loving... Lightspeed Trading Presents: Thunder and Tubleweeds: Trading Techniques for the New Market Enviroment Pope Francis Rips 'Trickle-Down' Economics Come See How the Pro's Trade in this Exclusive Webinar Wynn, MGM, Other Casino Giants Vying For U.S. Turf
No comments:
Post a Comment