Towards the end of trading Tuesday, the Dow traded down 1.71
percent to 13,118.00 while the NASDAQ fell 0.75 percent to
2,994.21. The S&P also fell, decreasing 1.31 percent to
As a heads up for the week, we have now entered the most busy
period of earnings season. Some significant companies that will
announce this week include Apple (NASDAQ:
), Facebook (NASDAQ:
), Amazon (NASDAQ:
), Raytheon (NYSE:
), and Sprint Nextel (NYSE:
) held a press event this afternoon, where it not only unveiled
the expected iPad mini, but a fourth generation iPad, and a new
iMac. Despite the releases, investors were not thrilled, and
Apple shares fell a little over 2 percent.
Equities Trading UP
) traded up 8.25 percent to $93.43 towards the close Tuesday
after a significant earnings beat followed by an upgrade by
KeyBanc capital markets.
) was also up, rising 8.13 percent to $9.84 as investor concerns
about an Apple internet radio product faded after the company did
not announce the product at its media day today.
Shares Harley-Davidson (NYSE:
) continued to rise, up 8.49 percent to $47.22 following an
earnings beat Tuesday morning.
Equities Trading DOWN
Monster Beverage (NASDAQ:
) lost 10.41 percent, falling to $40.97 after news that a lawsuit
has been brought against the company regarding deaths that have
been linked to its energy drink.
Du Pont (NYSE:
) continued to fall, down 9.57 percent to $45.00 after the
company missed earnings by over 31 percent this morning.
) fell 10.11 percent to $57.19 after the company reported a drop
in its third-quarter profit Tuesday.
Commodities In commodity news, oil traded down 0.48
percent to $88.30, while gold traded down 1.17 percent to
$1,710.10. Silver traded down 0.64 percent Tuesday to $31.61.
In Eurozone news this morning, Moody's downgraded the bond
ratings of 5 Spanish ratings, including Catalonia. The vote of
no confidence by the ratings agency has sent European markets
down for the day.
The only economic release for Tuesday was the Richmond fed
manufacturing index, which came in at -7, well below the
estimate of 5, and the prior figure of 4.
(c) 2012 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.