Midway through trading Tuesday, the Dow traded up 0.25 percent
to 16,822.17 while the NASDAQ surged 0.57 percent to 4,345.56.
The S&P also rose, gaining 0.29 percent to 1,943.41.
Leading and Lagging Sectors
In trading on Tuesday, industrials shares were relative
leaders, up on the day by about 0.26 percent. Top gainers in the
sector included Perceptron (NASDAQ:
), up 10.9 percent, China Ming Yang Wind Power Group (NYSE:
), up 4.8 percent.
Energy services shares dropped around 0.63 percent in the US
market on Tuesday. Top decliners in the sector included Ecopetrol
), down 4 percent, and Petróleo Brasileiro Petrobras SA (NYSE:
), off 2.28 percent.
FactSet Research Systems (NYSE:
) reported a rise in its
FactSet's quarterly profit fell to $51.5 million, or $1.21 per
share, versus a year-ago profit of $53.4 million, or $1.20 per
share. Its adjusted earnings gained 11% to $1.25 per share, from
$1.13 per share. Its operating income climbed to $73.0 million
from $71.6 million.
Its revenue climbed 8% to $231.8 million. However, analysts
were expecting earnings of $1.25 per share on revenue of $230.7
Equities Trading UP
Amira Nature Foods (NYSE:
) shares shot up 12.76 percent to $14.67 after the company
reported better-than-expected fourth-quarter earnings.
Shares of Global Eagle Entertainment (NASDAQ:
) got a boost, shooting up 10.38 percent to $12.12 after the
company and Boeing (NYSE:
) announced a satellite connectivity partnership.
GW Pharmaceuticals plc (NASDAQ:
) shares were also up, gaining 15.83 percent to $89.60 following
the release of
Equities Trading DOWN
Shares of Korn/Ferry International (NYSE:
) were 3.67 percent to $29.36. Korn/Ferry reported its Q4
earnings of $0.32 per share on revenue of $251.70 million.
West Corp (NASDAQ:
) shares tumbled 3.66 percent to $26.65 after the company
announced an offering of $1 billion senior notes. Analysts at
Morgan Stanley downgraded West Corp from Overweight to
Acorda Therapeutics (NASDAQ:
) was down, falling 7.14 percent to $32.76 after the company
announced a public offering of $300 million principal amount of
convertible senior notes due 2021.
In commodity news,
oil reversed gains, trading down 0.54 percent
to $106.32, while gold traded down 0.35 percent to $1,270.80.
Silver traded flat Tuesday at $19.71, while copper rose 0.39
percent to $3.06.
were mostly higher
The eurozone's STOXX 600 climbed 0.23 percent, the Spanish
IBEX Index gained 0.46 percent, while Italy's FTSE MIB Index rose
Meanwhile, the German DAX gained 0.37 percent and the French
CAC 40 rose 0.58 percent while UK shares gained 0.15 percent.
The Federal Open Market Committee will begin its two-day
The ICSC-Goldman Store Sales Index gained 0.4% in the week
ended Saturday versus the earlier week.
The consumer price index rose 0.4% in May, while the core CPI
climbed 0.3%. However, economists were projecting both the
overall and core index to rise 0.2% in May.
Construction on new homes declined 6.5% to an annual rate of 1
million units in May, while permits for new construction dropped
6.4% to an annual pace of 991,000. However, economists were
estimating starts to fall to a rate of 1.03 million.
The Johnson Redbook Retail Sales Index declined 1.6% in the
first two weeks of June versus May.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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