Toward the end of trading Tuesday, the Dow traded down 0.37
percent to 15,181.32 while the NASDAQ dropped 0.61 percent to
3,452.43. The S&P also fell, declining 0.57 percent to
Top Headline Lululemon Athletica (NASDAQ:
) announced the resignation of its Chief Executive Christine Day.
The company also posted upbeat quarterly results.
Lululemon's first-quarter earnings rose to $47.3 million, or
$0.32 per share, from $46.6 million, or $0.32 per share, in the
Its revenue gained 21% to $345.8 million from 285.7 million.
However, analysts were expecting earnings of $0.30 per share on
revenue of $341.4 million.
Equities Trading UP Dole Food Company (NYSE:
) shot up 22.10 percent to $12.45 on CEO bid $12 per share for
the outstanding stock.
Shares of Catamaran (NASDAQ:
) got a boost, shooting up 10.52 percent to $53.75 after Cigna
) entered into a 10-year agreement with Catamaran.
Questcor Pharmaceuticals (NASDAQ:
) was also up, gaining 17.62 percent to $43.18 after the company
acquired rights to develop Synacthen®.
Equities Trading DOWN Lululemon Athletica (NASDAQ:
) was down, falling 16.95 percent to $68.33 after the company
announced the resignation of its Chief Executive Christine
Shares of Navistar International (NYSE:
) were down 8.48 percent to $31.40 after the company reported its
second quarter results following the close Monday.
GenMark Diagnostics (NASDAQ:
) was down as well, falling 18.04 percent to $12.40 after news
that Natural Molecular, a major competitor, had launched a
Commodities In commodity news, oil traded down 0.56 percent to
$95.23, while gold traded down 0.63 percent to $1,377.10.
Silver traded down 0.68 percent Tuesday to $21.78, while
copper fell 1.34 percent to $3.19.
Eurozone European shares were lower today. The Spanish Ibex
Index fell 2.03 percent and the Italian FTSE MIB Index dropped
2.01 percent. Meanwhile, the German DAX dipped 1.41 percent and
the French CAC 40 fell 1.27 percent while U.K. shares tumbled
Economics The NFIB small-business optimism index surged 2.3
points to 94.4 in May.
The ICSC/Goldman Sachs Retail Chain Store Sales Index fell
2.7% in the latest week ended Saturday versus the prior week.
The Johnson Redbook Retail Sales Index increased 0.5% in the
first two weeks of May versus April.
US wholesale inventories rose 0.20% to $504.8 billion in
April, versus a revised 0.3% gain in March.
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