The day kicked off higher and continued to dive forward,
marking the sixth straight day of gains. After struggling in
August, the equities have recovered almost all lost value.
The Dow rose 127.86 points, or 0.85 percent to close at
The S&P 500 added 12.28 points, or 0.74 percent to close
The Nasdaq gained 22.84 points, or 0.62 percent to finish the
day at 3,729.02.
The Russell 3000 rose 6.69 points, or 0.67 percent to end at
At a product launch today
Apple unveiled two new phones
, the 5C and 5S are set to hit stores September 20. As rumored,
the 5C is a low cost phone, starting $99 with a contract. The 5S
will have major hardware improvements and is expected to be twice
as fast as the previous iPhone.
After China announced strong export data yesterday, more
stellar numbers came out today. Industrial production for August
rose 10.4 percent year over year sending domestic futures
Syria continues to be a top headline as traders cautiously
await word from capitol hill concerning United States
Five Below (NASDAQ:
) rose 17.18 percent to $48.09 after the company
reported strong fiscal second-quarter results
Tuesday Morning (NASDAQ:
) jumped up 9.68 percent to $13.94 after the company
appointed Jeffrey Boyer
as chief administrative officer and chief financial officer.
) gained 22.38 percent to move to $36.58 after the company
announced a deal with direct energy this morning.
Neurocrine Biosciences (NASDAQ:
) were down 29.70 percent to $11.74 after the company reported
Phase IIb results
Of VMAT2 Inhibitor NBI-98854 for treatment of tardive
Urban Outfitters (NASDAQ:
) was down 10.21 percent to $38.35. William Blair cut its Q3
earnings view for Urban Outfitters to 45 cents.
Volume and Volatility
Volume was down today, despite little volatility in the
markets. 100 million shares of the SPDR S&P 500 ETF (NYSE:
) traded today, compared to the ten day average of 116
Volatility was also down with the VIX index dropping 6.65
percent on the day to 14.59.
Asian markets flew higher last night on the strong Chinese
data. The Shanghai index rose 1.15 percent with Hong Kong's Hang
Seng up 0.99 percent. Japan's Nikkei rose 1.54 percent.
Europe also moved higher today. The Euro Stoxx index, which
tracks 50 blue chips gained 1.9 percent, London's FTSE rose 0.82
percent, and France's CAC surged 1.89 percent.
Crude oil dove lower with WTI and Brent down 2.04 percent to
$107.29 and $111.40 at last check. Gasoline futures also moved
more than two percent lower today to $273.98.
The metal complex moved down today with gold futures down 1.54
percent to $1,365.30. Silver down 2.77 percent to end the day
just above $23. Copper and platinum fell 0.38 and 0.69 percent,
Despite fossil fuels and metals falling, agricultural
commodities had an upbeat day. Corn, wheat, and cocoa rose 1.19
percent, 0.82 percent, and 0.63 percent, respectively.
The Greenback picked up a bit of value Tuesday; the
PowerShares ETF (NYSE:
) that tracks the value of the dollar versus a basket of foreign
currencies rose 0.05 percent heading into the close.
The closely watched EUR/USD pair rose 0.11 percent and the
GBP/USD group added 0.24 percent. Other big movers for the day
include the USD/JPY which rose 0.74 percent and the USD/ILS
(Israeli Shekel) which fell 0.81 percent.
Follow Luke on twitter @LukeJacobi. Contact him at
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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