Midway through trading Tuesday, the Dow traded up 0.40 percent
to 17,119.45 while the NASDAQ surged 0.81 percent to 4,460.60.
The S&P also rose, gaining 0.57 percent to 1,984.78.
Leading and Lagging Sectors
Tuesday morning, the healthcare sector proved to be a source
of strength for the market. Leading the sector was strength from
) and Herbalife (NYSE:
In trading on Tuesday, non-cyclical consumer goods &
services shares rose by just 0.22 percent. Top decliners in the
sector included The Fresh Market (NASDAQ:
), down 3.3 percent, and The Coca-Cola Company (NYSE:
), off 2.9 percent.
profit for the second quarter.
McDonald's posted a quarterly profit of $1.39 billion, or
$1.40 per share, versus a year-ago profit of $1.4 billion, or
$1.38 per share.
Its revenue gained 1% to $7.18 billion. However, analysts were
projecting earnings of $1.44 per share on revenue of $7.29
Equities Trading UP
) shares shot up 18.88 percent to $26.45 after the company
reported better-than-expected Q2 results.
Shares of Chipotle Mexican Grill (NYSE:
) got a boost, shooting up 12.61 percent to $664.33 after the
company reported stronger-than-expected Q2 results.
CIT Group (NYSE:
) shares were also up, gaining 11.79 percent to $49.13 after the
company announced the results of its second quarter, but also
announced the acquisition of OneWest Bank for $3.4 billion.
Equities Trading DOWN
Shares of New Oriental Education & Technology Group (NYSE:
) were down 12.52 percent to $21.17 after the company issued a
downbeat Q1 revenue forecast.
Del Frisco's Restaurant Group (NASDAQ:
) shares tumbled 14.15 percent to $21.66 after the company
reported downbeat Q2 results and lowered its FY14 earnings
) was down, falling 6.20 percent to $62.92 after the company
cut its motorcycle shipments
forecast for the full year. However, the company reported upbeat
In commodity news,
oil traded up 0.17 percent
to $104.77, while gold traded down 0.55 percent to $1,308.30.
Silver traded down 0.10 percent Tuesday to $20.99, while
copper rose 0.38 percent to $3.21.
today. The eurozone's STOXX 600 jumped 1.35 percent, the Spanish
Ibex Index climbed 1.69 percent, while Italy's FTSE MIB Index
rose 2.16 percent. Meanwhile, the German DAX gained 1.24 percent
and the French CAC 40 climbed 1.50 percent while UK shares rose
The ICSC-Goldman Sachs store sales index declined 0.4% in the
week ended Saturday versus the earlier week.
The consumer price index rose 0.3% in June, versus a 0.4%
growth in May.
US house prices increased 0.4% in May, according to the
Federal Housing Finance Agency. House prices rose 5.5% y/y in
Sales of existing homes rose 2.6% to an annual rate of 5.04
million in June. However, economists were projecting a rate of 5
million in June.
The Johnson Redbook same-store sales index dropped 0.3% in the
first two weeks of July versus June.
The Richmond Fed manufacturing index rose to 7.00 in July,
versus a prior reading of 3.00. However, economists were
expecting a reading of 5.00.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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