Midway through trading Tuesday, the Dow traded up 1.38 percent
to 16,391.81 while the NASDAQ surged 1.83 percent to 4,355.50.
The S&P also rose, gaining 1.46 percent to 1,872.64.
Leading and Lagging Sectors In trading on Tuesday, industrials
shares were relative leaders, up on the day by about 1.78
percent. Top gainers in the sector included Plug Power (NASDAQ:
) and Maxwell Technologies (NASDAQ:
Energy sector gained 0.85 percent in the US market today.
Among the energy stocks, McDermott International (NYSE:
) was down more than 9.3 percent, while Compressco Partners LP
) tumbled around 5.3 percent.
Top Headline AutoZone (NYSE:
reported a gain
in its fiscal second-quarter profit. AutoZone's quarterly profit
surged to $192.8 million, or $5.63 per share, versus a year-ago
profit of $176.2 million, or $4.78 per share. Its net sales rose
to $1.99 billion versus $1.86 billion. However, analysts were
expecting earnings of $5.57 per share on sales of $1.98 billion.
AutoZone's US same-store sales jumped 4.3% in the quarter.
Equities Trading UP Vipshop Holdings (NYSE:
) shot up 31.11 percent to $167.51 after the company reported
better-than-expected fourth-quarter results and issued a strong
revenue forecast for the first quarter.
Shares of Trina Solar (NYSE:
) got a boost, shooting up 9.76 percent to $16.19 after the
posted a profit
in the fourth quarter.
) was also up, gaining 9.08 percent to $14.53 after the company
reported upbeat Q4 earnings.
Equities Trading DOWN Shares of McDermott International (NYSE:
) were down 9.49 percent to $7.34 after the company reported a Q4
loss of $1.37 per share on revenue of $517.3 million. It also
withdrew its previous outlook. Capital One Financial downgraded
the stock from Equalweight to Underweight and cut the price
target from $8.00 to $6.00.
Ascena Retail Group (NASDAQ:
) shares tumbled 4.29 percent to $18.06 after the company
reported Q2 results. Ascena Retail expected FY14 earnings of
$1.00 to 1.05 per share.
WebMD Health (NASDAQ:
) was down, falling 3.14 percent to $41.97 after Stifel Nicolaus
downgraded the stock from Buy to Hold and removed the target
price of $55.
Commodities In commodity news,
oil traded down 1.36 percent
to $103.49, while gold traded down 0.93 percent to $1,337.80.
Silver traded down 1.33 percent Tuesday to $21.20, while copper
rose 1.36 percent to $3.22.
Eurozone European shares
The Spanish Ibex Index rose 2.51 percent, while Italy's FTSE
MIB Index surged 3.62 percent.
Meanwhile, the German DAX jumped 2.46 percent and the French
CAC 40 rose 2.45 percent while U.K. shares climbed 1.72
Economics The ICSC-Goldman same-store sales index climbed 0.3%
in the week ended Saturday versus the earlier week.
The Treasury is set to auction 4-and 52-week bills.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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