Toward the end of trading Tuesday, the Dow traded up 0.61
percent to 14,536.06 while the NASDAQ gained 0.29 percent to
3,244.60. The S&P also rose, gaining 0.56 percent to
Top Headline Children's Place Retail Stores (NASDAQ:
) issued a downbeat first-quarter view.
Children's Place expects Q1 profit of $0.60 to $0.65 per share
and full-year profit of $2.90 to $3.10 per share. However,
analysts were expecting a profit of $1.20 per share for the first
quarter and $3.52 per share for the year.
Equities Trading UP Just Energy Group (NYSE:
) shot up 9.56 percent to $6.67 after the company expected FY14
EBITDA of around $220 million ($1.57 per share).
Shares of Sonic (NASDAQ:
) got a boost, shooting up 7.24 percent to $12.58 after reported
a rise in its fiscal second-quarter profit.
RF Micro Devices (NASDAQ:
) was also up, gaining 6.13 percent to $5.21 after analysts at
Oppenheimer upgraded RF Micro Devices from "perform" to
Equities Trading DOWN Calumet Specialty Products Partners LP
) shares tumbled 4.72 percent to $37.25 after the company priced
common unit offering.
AuRico Gold (NYSE:
) was also down, falling 7.83 percent to $6.12 after the company
reported Q4 results.
Shares of Diana Shipping Dropped 5.16 percent to $9.56
following a Motley Fool article Tuesday afternoon and a reversal
in the baltic dry index.
Commodities In commodity news, oil traded up 1.15 percent to
$95.90, while gold traded down 0.53 percent to $1,596.30.
Silver traded down 0.21 percent Tuesday to $27.28, while
copper rose 0.30 percent to $3.455.
Eurozone European shares were mostly higher, reversing the
strong weakness from Monday. The Spanish Ibex Index tumbled 1.28
percent and the Italian FTSE MIB Index dropped 0.66 percent.
The STOXX Europe 600 Index gained 0.30 percent, London's FTSE
100 Index rose 0.37 percent, French CAC 40 Index surged 0.79
percent and German DAX 30 index climbed 0.25 percent.
Economics Orders for durable goods rose 5.7% in February.
However, economists were expecting orders to rise 4.6%. The
ICSC-Goldman Sachs Retail Chain Store Sales Index dropped 1.7% in
the recent week ended Saturday versus the week before.
The Johnson Redbook Retail Sales Index for the first three
weeks of March rose 2.8% year-over-year.
The S&P/Case-Shiller 20-city composite index for January
rose to 8.1% year-over-year. Consumer confidence declined to a
reading of 59.7 in March, versus 68.0 in February. However,
economists were expecting a reading of 66.5.
Sales of new homes dropped 4.6% to an annual rate of 411,000
in February, versus a revised 431,000 in January. Economists had
projected new home sales to fall to 417,000.
The Richmond Fed Manufacturing Index dropped to a reading of
3.00 in March, versus a prior reading of 6.00. Economists were
expecting a reading of 6.00.
The Treasury is set to auction 2-year notes.
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advice. All rights reserved.
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