Following the market opening Tuesday, the Dow traded up 0.30
percent to 16,888.34 while the NASDAQ surged 0.26 percent to
4,519.86. The S&P also rose, gaining 0.26 percent to
Leading and Lagging Sectors
Energy shares gained 0.49 percent in trading on Tuesday. Top
gainers in the sector included Magnum Hunter Resources (NYSE:
), up 8 percent, and Halcon Resources (NYSE:
), up 7.5 percent.
In trading on Tuesday, basic materials shares were relative
laggards, down on the day by about 0.85 percent. Meanwhile, top
decliners in the sector included BHP Billiton plc (NYSE:
), down 5.6 percent, and BHP Billiton (NYSE:
), off 3.1 percent.
The Home Depot (NYSE:
second-quarter earnings and lifted its 2014 earnings outlook.
The Atlanta, Georgia-based company posted quarterly net
earnings of $2.05 billion, or $1.52 per share, compared to $1.8
billion, or $1.24 per share, in the year-ago period.
Its net sales climbed 5.7% to $23.81 billion versus $22.52
billion. However, analysts were projecting earnings of $1.44 per
share on sales of $23.6 billion. Comparable store sales climbed
Equities Trading UP
American Woodmark (NASDAQ:
) shares shot up 16.39 percent to $36.47 on upbeat quarterly
Shares of Dick's Sporting Goods (NYSE:
) got a boost, shooting up 5.38 percent to $45.85 after the
upbeat fiscal-second quarter
The Home Depot (NYSE:
) shares were also up, gaining 3.98 percent to $86.92 after the
company reported better-than-expected second-quarter earnings and
lifted its 2014 earnings outlook.
Equities Trading DOWN
Shares of El Pollo Loco Holdings (NASDAQ:
) were down 7.77 percent to $30.62. Morgan Stanley initiated
coverage on El Pollo Loco with a Underweight rating and a $22.00
BHP Billiton (NYSE:
) shares tumbled 3.50 percent to $70.21 after the company
announced its plans to spin off several assets to create a new
Elizabeth Arden (NASDAQ:
) was down, falling 23.76 percent to $14.95 after the company
reported a fiscal fourth-quarter
loss. Elizabeth Arden reported that funds affiliated with Rhone
Capital have agreed to buy $50 million in preferred shares and
receive warrants for 2.5 million shares.
In commodity news,
oil traded up 0.44 percent
to $96.83, while gold traded up 0.09 percent to $1,300.50.
Silver traded up 0.03 percent Tuesday to $19.64, while copper
rose 0.08 percent to $3.14.
were mostly higher
today. The eurozone's STOXX 600 surged 0.43 percent, the Spanish
Ibex Index jumped 0.21 percent, while Italy's FTSE MIB Index
dropped 0.34 percent. Meanwhile, the German DAX gained 0.95
percent and the French CAC 40 climbed 0.37 percent while UK
shares gained 0.49 percent.
The ICSC-Goldman Store Sales Index dropped 1.3% in the week
ended Saturday versus the earlier week.
Construction on new US homes rose 15.7% to an annual rate of
1.09 million in July. However, economists were projecting housing
starts to rise to 969,000 in July.
The consumer price index increased 0.1% in July, while the
core CPI rose 0.1%. However, economists were estimating the
overall CPI to rise 0.1% and core rate to increase 0.2%.
The Johnson Redbook Retail Sales Index rose 0.5% in the first
two weeks of August versus July.
The Treasury is set to auction 4-week and 52-week bills.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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