Midway through trading Tuesday, the Dow traded up 0.57 percent
to 16,543.40 while the NASDAQ surged 0.95 percent to 4,160.65.
The S&P also rose, gaining 0.49 percent to 1,881.02.
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 14.01 percent to $32.63 after the company
reported positive results
from the RT002 Phase 1/2 study in glabellar (frown) lines.
Shares of Centene (NYSE:
) got a boost, shooting up 12.72 percent to $64.58 on upbeat
quarterly results. Centene reported its Q1 earnings of $0.57 per
share on revenue of $3.46 billion.
) shares were also up, gaining 15.49 percent to $163.99 on
from Valeant Pharmaceuticals International (NYSE:
Equities Trading DOWN Shares of Medidata Solutions (NASDAQ:
) were 27.49 percent to $38.21 after the company reported
downbeat quarterly results.
Lexmark International (NYSE:
) shares tumbled 10.80 percent to $41.72 after the company
reported Q1 adjusted earnings of $0.92 per share on revenue of
Koninklijke Philips NV (NYSE:
) was down, falling 5.52 percent to $32.68 after the company
reported a drop in its Q1 profit.
Commodities In commodity news,
oil traded down 1.91 percent
to $102.38, while gold traded down 0.52 percent to $1,281.80.
Silver traded up 0.05 percent Tuesday to $19.36, while copper
rose 0.10 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 Saturday versus 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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