Following the market opening Tuesday, the Dow traded up 0.42
percent to 16,518.52 while the NASDAQ surged 0.77 percent to
4,153.21. The S&P also rose, gaining 0.44 percent to
Leading and Lagging Sectors In trading on Tuesday, healthcare
shares were relative leaders, up on the day by about 1.35
percent. Meanwhile, top gainers in the sector included Allergan
), up 15.7 percent, and Dyax (NASDAQ:
), up 12.5 percent. Energy shares dropped around 0.06 percent in
Top decliners in the sector included Arch Coal (NYSE:
), off 5.3 percent, and China Natural Resources (NASDAQ:
), down 3.9 percent.
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
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 20.09 percent to $34.37 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 9.77 percent to $62.89 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 15.61 percent to $164.16 on
from Valeant Pharmaceuticals International (NYSE:
Equities Trading DOWN Shares of Medidata Solutions (NASDAQ:
) were 19.89 percent to $42.21 after the company reported
downbeat quarterly results.
Lexmark International (NYSE:
) shares tumbled 11.19 percent to $41.53 after the company
reported Q1 adjusted earnings of $0.92 per share on revenue of
) was down, falling 6.02 percent to $11.56 after the company
reported Q1 earnings of $0.17 per share on revenue of $78.30
million. Rambus also expected Q2 sales of $69.0 million to $74.0
million, versus analysts' estimates of $74.50 million.
Commodities In commodity news,
oil traded down 1.63 percent
to $102.67, while gold traded down 0.12 percent to $1,287.00.
Silver traded up 0.28 percent Tuesday to $19.41, while copper
fell 0.30 percent to $3.02.
Eurozone European shares
The Spanish Ibex Index rose 1.32 percent, while Italy's FTSE
MIB Index jumped 1.08 percent.
Meanwhile, the German DAX climbed 1.67 percent and the French
CAC 40 jumped 1.18 percent while U.K. shares gained 1.12
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.
The Treasury is set to auction 4-week bills and 2-year
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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