Toward the end of trading Tuesday, the Dow traded up 0.59
percent to 15,928.49 while the NASDAQ gained 0.22 percent to
4,092.53. The S&P also rose, gaining 0.58 percent to
Top Headline Ford Motor Co (NYSE:
) reported a
rise in its fourth-quarter
profit. Ford's quarterly profit surged to $3.04 billion, or $0.74
per share, from a year-ago profit of $1.60 billion, or $0.40 per
share. Its adjusted earnings came in at $0.31 per share. Its
revenue surged to $37.6 billion versus $36.3 billion. However,
analysts were expecting a profit of $0.28 per share on revenue of
$34.96 billion. For 2014, Ford projects a pretax profit of $7
billion to $8 billion.
Equities Trading UP AK Steel Holding (NYSE:
) gained 17.86 percent to $7.06 after the company crushed analyst
estimates on the bottom line while narrowly beating on the top
line in its fourth quarter report.
Shares of Oshkosh (NYSE:
) got a boost, shooting up 7.96 percent to $55.55 after the
upbeat fiscal first-quarter
earnings and lifted its full-year forecast.
Silicon Motion Technology (NASDAQ:
) was also up, gaining 14.72 percent to $17.07 after the company
reported upbeat Q4 results and issued strong FY14 revenue
Equities Trading DOWN Shares of Rent-A-Center (NASDAQ:
) were down 21.51 percent to $24.51
) shares tumbled 7.80 percent to $507.55 after the company issued
weak sales forecast
for the second quarter and reported downbeat holiday iPhone
Analysts at BGC Partners downgraded Apple from Buy to
) was down, falling 6.06 percent to $17.12 after the
Commodities In commodity news, to $97.44, while gold traded
down 0.92 percent to $1,251.80.
Silver traded down 1.26 percent Tuesday to $19.52, while
copper fell 0.65 percent to $3.25.
Eurozone European shares today.
The Spanish Ibex Index surged 1.21 percent, while Italy's FTSE
MIB Index gained 0.96 percent.
Meanwhile, the German DAX climbed 0.55 percent and the French
CAC 40 surged 0.98 percent while U.K. shares rose 0.34
Economics The ICSC-Goldman same-store sales index rose 0.2% in
the week ended Saturday versus the earlier week.
The Johnson Redbook Retail Sales Index declined 0.1% in the
first three weeks of January versus December.
Orders for durable goods dropped 4.3% in December, versus
economists' expectations for a 1.8% gain.
U.S. home prices declined 0.1% in November, according to
the S&P/Case-Shiller home price index. However, the index
gained 0.9% after seasonal adjustments. Home prices surged 13.7%
y/y in November.
The Conference Board's consumer confidence index rose to 80.70
in January, versus a prior reading of 78.10. However, economists
were expecting a reading of 78.00.
The Richmond Fed manufacturing index fell to 12.00 in January,
from a previous reading of 13.00. However, economists were
expecting a reading of 13.00.
The FOMC begins its two-day policy meeting today.
The Treasury is set to auction 2-year notes.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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