Toward the end of trading Tuesday, the Dow traded up 0.10
percent to 15,992.26 while the NASDAQ fell 0.26 percent to
3,938.41. The S&P also fell, losing 0.07 percent to
Top Headline Home Depot (NYSE:
) reported a
in its fiscal third-quarter profit and lifted its forecast for
Home Depot now expects full-year earnings of $3.72 per share
on sales growth of 5.6%. The company had earlier expected
earnings of $3.60 per share on sales growth of 4.5%.
Home Depot's quarterly profit surged to $1.35 billion, or
$0.95 per share, from a year-ago profit of $947 million, or $0.63
per share. Its sales increased 7.4% to $19.47 billion. However,
analysts were expecting earnings of $0.90 per share on revenue of
$19.18 billion. Home Depot's same-store sales climbed 7.4% in the
Equities Trading UP Tile Shop Holdings (NASDAQ:
) was on the rise throughout Tuesday's session, gaining 6.53
percent to $17.39 despite a Citigroup report downgrading the
company saying it will take time for shares to recover.
Shares of Brocade Communications Systems (NASDAQ:
) got a boost,shooting up 9.20 percent to $8.84 after the company
reported a better-than-expected Q4 profit.
United Airlines (NYSE:
) was up as well, gaining 4.43 percent to $37.99 after the
company announced it would roll out a program to cut costs by $2
Equities Trading DOWN Shares of Oiltanking Partners LP (NYSE:
) were down 9.60 percent to $58.25 after the company
priced an offering
of 2.6 million common units.
Best Buy Co (NYSE:
) shares tumbled 9.94 percent to $39.23 after the company
swung to a profit
in the fiscal third-quarter profit.
) was down as well, falling 8.00 percent to $118.00 following a
rally Monday, possibly linked to a market wide selloff of higher
beta names as fear gripped the street.
Commodities In commodity news,
oil traded up 0.29 percent
to $93.95, while gold traded up 0.17 percent to $1,274.90.
Silver traded down 0.11 percent Tuesday to $20.38, while
copper rose 0.21 percent to $3.17.
Eurozone European shares
today. The Spanish Ibex Index fell 1.57 percent, while Italy's
FTSE MIB Index tumbled 1.77 percent. Meanwhile, the German DAX
fell 0.35 percent and the French CAC 40 dropped 1.12 percent
while U.K. shares declined 0.38 percent.
Economics US employment cost index rose 0.4% in the third
quarter, versus a 0.5% growth in the second quarter. However,
economists were expecting a 0.5% growth.
The ICSC-Goldman Sachs store sales index rose 0.1% in the week
ending Saturday versus previous week.
The Johnson Redbook Retail Sales Index declined 0.7% in the
first two weeks of November versus October.
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advice. All rights reserved.
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