Toward the end of trading Tuesday, the Dow traded up 0.55
percent to 16,540.40 while the NASDAQ surged 0.99 percent to
4,162.65. The S&P also rose, gaining 0.54 percent to
Leading and Lagging Sectors In trading on Tuesday, healthcare
shares were relative leaders, up on the day by about 1.50
percent. Meanwhile, top gainers in the sector included Allergan
), up 15.7 percent, and Idera Pharmaceuticals (NASDAQ:
), up 16.5 percent. Non-cyclical consumer goods & services
shares dropped around 0.05 percent in today's trading.
Top decliners in the sector included The Coca-Cola Company
), off 0.3 percent, and Kimberly-Clark (NYSE:
), down 1.8 percent.
Top Headline McDonald's (NYSE:
reported a drop
in its first-quarter profit. McDonald's posted its quarterly
profit of $1.20 billion, or $1.21 per share, down from $1.27
billion, or $1.26 per share, in the year-ago period. Its total
revenue rose to $6.70 billion versus $6.61 billion, while
operating income slipped to $1.94 billion versus $1.95 billion.
However, analysts were estimating earnings of $1.24 per share on
revenue of $6.71 billion.
McDonald's global same-store sales climbed 0.5%, while US
same-store sales declined 1.7%.
Equities Trading UP Revance Therapeutics (NASDAQ:
) shares shot up 26.10 percent to $36.09 after the company
reported positive results
from the RT002 Phase 1/2 study in glabellar (frown) lines.
Shares of SunEdison (NYSE:
) gained as well, rising 12.21 percent to $20.12 after Greenlight
Capital's David Einhorn mentioned in his investor letter that the
company's shares could be worth $35.
) shares were also up, gaining 15.63 percent to $164.04 on
from Valeant Pharmaceuticals International (NYSE:
Equities Trading DOWN Shares of Medidata Solutions (NASDAQ:
) were 27.64 percent to $38.13 after the company reported
downbeat quarterly results. Lexmark International (NYSE:
) shares tumbled 11.15 percent to $41.56 after the company
reported Q1 adjusted earnings of $0.92 per share on revenue of
$877.70 million. Arch Coal (NYSE:
) was also down, falling 8.65 percent to $4.54 after the
company's earnings disappointed the street.
Commodities In commodity news,
oil traded down 1.83 percent
to $101.75, while gold traded down 0.43 percent to $1,283.80.
Silver traded down 0.08 percent Tuesday to $19.43, while
copper rose 0.15 percent to $3.03.
Eurozone European shares
The Spanish Ibex Index rose 1.37 percent, while Italy's FTSE
MIB Index jumped 1.46 percent.
Meanwhile, the German DAX climbed 1.98 percent and the French
CAC 40 jumped 1.18 percent while U.K. shares gained 0.89
Economics The ICSC-Goldman same-store sales index gained 0.4%
in the week ended Saturdayversus the prior week.
The Johnson Redbook Retail Sales Index dropped 0.5% in the
first two weeks of April versus March.
The FHFA house price index rose 0.60% in February, versus
economists' expectations for a 0.50% growth.
The Richmond Fed manufacturing index rose to 7.00 in April,
versus a prior reading of -7.00. However, economists were
expecting a reading of 2.00.
Sales of existing homes declined 0.2% to an annual rate of
4.59 million in March, versus a rate of 4.6 million in February,
the National Association of Realtors said. However, economists
were projecting a sales rate of 4.55 million.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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