At the end of trading Tuesday, the Dow closed up 0.23 percent
to 15,529.73 while the NASDAQ closed up 0.75 percent to 3,745.70.
The S&P also rose, closed up 0.42 percent to 1,704.76.
Top Headline FactSet Research Systems (NYSE:
) reported a
5% rise in its fiscal fourth-quarter
earnings. FactSet Research's quarterly profit surged to $51
million, or $1.16 per share, from $48.5 million, or $1.08 per
share, in the year-ago period. Excluding one-time items, its
adjusted earnings came in at $1.20 per share, versus analysts'
estimates of $1.21 per share. Its revenue rose 5.6% to $219.3
FactSet Research had expected earnings of $1.18 to $1.21 per
share on revenue of $218 million to $221 million. For the current
quarter, FactSet Research expects earnings of $1.21 to $1.24 per
share on revenue of $222 million to $225 million. However,
analysts were projecting a profit of $1.23 per share on revenue
of $224 million.
Equities Trading UP
Repros Therapeutics (NASDAQ:
) shot up almost 50 percent at the open, but sold off every
since, settling to close at a gain of 23.28 percent at $23.85.
The news sending it up early in trading were some topline results
from both the second pivotal efficacy study as well as the 6
month safety study of Androxal®.
Shares of Kythera Biopharmaceuticals (NASDAQ:
) got a boost, closing up 25.11 percent to $41.95 after
the company reported positive
ATX-101 top line phase III trial results for the reduction of
) also gained, closing up 18.12 percent to $10.17 after
private equity firm Sycamore Partners
reported that it had bought a 7.96% stake in the company.
Equities Trading DOWN Shares of Outerwall (NASDAQ:
) closed down 11.58 percent to $49.49 after the company lowered
its forecast for the third quarter and full year.
Werner Enterprises (NASDAQ:
) shares closed down 4.18 percent to $23.39 after the company
issued a weak third-quarter profit forecast. Bank of America
downgraded the stock
from Buy to Neutral.
Berry Plastics (NYSE:
) also closed down 12.48 percent to $21.87 after the company
lower its guidance for the fourth quarter this afternoon.
Commodities In commodity news,
oil closed down
1.31 percent to $105.28, while gold closed down 0.58 percent to
$1,310.20. Silver closed down 1.15 percent Tuesday to $21.71,
while copper closed down 0.02 percent to $3.23.
Eurozone European shares were . The Spanish Ibex Index dropped
0.08 percent, while Italy's FTSE MIB Index rose 0.11 percent.
Meanwhile, the German DAX dropped 0.19 percent and the French CAC
40 fell 0.16 percent while U.K. shares dipped 0.80 percent.
Economics The ICSC-Goldman Sachs store sales index dropped
1.6% in the week ended Saturday from the previous week.
U.S. consumer prices increased 0.1% in August, while the core
CPI also rose 0.1%. However, economists were expecting a 0.2%
rise in both prices.
The Johnson Redbook Retail Sales Index fell 0.3% in the first
two weeks of September versus August.
The NAHB housing market index remained at 58 in September.
However, economists were expecting a reading of 58 in the month.
August's reading was also revised to 58 versus an earlier
estimate of 59.
The Federal Open Market Committee began its two-day policy
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