Midway through trading Tuesday, the Dow traded up 0.25 percent
to 16,498.20 while the NASDAQ surged 1 percent to 4,240.83. The
S&P also rose, gaining 0.26 percent to 1,877.13.
Leading and Lagging Sectors Technology stocks gained Tuesday,
with Ku6 Media Co (NASDAQ:
) leading advancers. Among leading tech stocks, gains came from
Rubicon Technology (NASDAQ:
), Bitauto Holdings (NYSE:
) and Sify Technologies (NASDAQ:
Utilities shares dropped by 0.37 percent in the US market
today. Among the sector stocks, Consolidated Water Co (NASDAQ:
) was down more than 2.3 percent, while Pepco Holdings (NYSE:
) tumbled around 1.5 percent.
Top Headline Ford Motor Company (NYSE:
) reported a 3% gain in its US vehicle sales in March. Ford's
sales surged to 244,167 in March, versus 236,160 vehicles in the
Equities Trading UP Balchem (NASDAQ:
) shares shot up 15.27 percent to $60.08 after the company
plans to acquire
SensoryEffects for $567 million.
Shares of Intuitive Surgical (NASDAQ:
) got a boost, shooting up 8.83 percent to $476.67 after the
company announced the
and U.S. introduction of the new da Vinci Xi Surgical System.
Verint Systems (NASDAQ:
) was also up, gaining 4.33 percent to $48.96 after the company
reported better-than-expected fourth-quarter results and issued a
strong full-year forecast. Verint reported its adjusted earnings
of $0.91 per share on revenue of $257.1 million.
Equities Trading DOWN Shares of The Medicines Company (NASDAQ:
) were down 14.64 percent to $24.26 after the company provided an
update on Angiomax patent litigation.
Kandi Technolgies Group (NASDAQ:
) shares tumbled 1.95 percent to $16.08 after gaining 1.61% on
McDermott International (NYSE:
) was down, falling 6.65 percent to $7.30 after the company
announced a public offering of 10 million tangible equity units,
each with a stated value of $25.
Commodities In commodity news,
oil traded down 1.47 percent
to $100.09, while gold traded down 0.23 percent to $1,280.80.
Silver traded up 0.09 percent Tuesday to $19.77, while copper
rose 0.12 percent to $3.03.
Eurozone European shares
The Spanish Ibex Index rose 1.19 percent, while Italy's FTSE
MIB Index gained 1.03 percent.
Meanwhile, the German DAX surged 0.50 percent and the French
CAC 40 jumped 0.80 percent while U.K. shares gained 0.82
Economics The ICSC-Goldman's same-store sales index gained
3.6% in the week ended Saturday versus the earlier week.
Home prices climbed 0.8% in February, according to data by
The Johnson Redbook Retail Sales Index dropped 0.5% in the
four weeks of March versus February.
The final Markit PMI came in unchanged at 55.5 in March,
versus 57.1 in February.
US construction spending rose 0.10% in February, versus
economists' expectations for a 0.00% gain.
The ISM manufacturing composite index gained to 53.70 in
March, versus a prior reading of 53.20. However, economists were
expecting a reading of 54.00.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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