Midway through trading Tuesday, the Dow traded up 0.17 percent
to 16,003.46 while the NASDAQ surged 0.11 percent to 3,953.41.
The S&P also rose, gaining 0.11 percent to 1,793.53.
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 Qiwi plc (NASDAQ:
) shot up 5.02 percent to $44.15 on Q3 results.
Shares of Brocade Communications Systems (NASDAQ:
) got a boost, shooting up 8.40 percent to $8.77 after the
company reported a better-than-expected Q4 profit.
Trina Solar (NYSE:
) was also up, gaining 2.47 percent to $16.59 after the company
posted a profit in the third quarter and lifted its full-year
Equities Trading DOWN Shares of Oiltanking Partners LP (NYSE:
) were down 7.23 percent to $59.79 after the company
priced an offering
of 2.6 million common units.
Best Buy Co (NYSE:
) shares tumbled 8.67 percent to $39.78 after the company
swung to a profit
in the fiscal third-quarter profit.
Campbell Soup Company (NYSE:
) was down, falling 5.88 percent to $39.35 after reported a
in its fiscal first-quarter earnings and lowered its forecast for
Commodities In commodity news,
oil traded down 0.10 percent
to $92.94, while gold traded up 0.13 percent to $1,273.90.
Silver traded down 0.18 percent Tuesday to $20.32, 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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