Midway through trading Tuesday, the Dow traded down 0.37
percent to 15,724.08 while the NASDAQ dropped 0.34 percent to
3,906.43. The S&P also fell, declining 0.40 percent to
Top Headline D.R. Horton (NYSE:
) reported a
rise in its
fiscal fourth-quarter profit.
D.R. Horton's quarterly profit surged to $139.5 million, or
$0.40 per share, from a year-ago profit of $100.1 million, or
$0.30 per share.
Its homebuilding revenue rose 40 percent to $1.82 billion from
$1.30 billion. However, analysts were projecting earnings of
$0.40 per share on revenue of $1.82 billion.
Equities Trading UP Heartland Express (NASDAQ:
) shot up 19.72 percent to $17.14 after the company reported that
it has acquired Gordon Trucking for $300 million.
Shares of Dish Network (NASDAQ:
) got a boost, shooting up 4.04 percent to $49.42 after the
company posted a profit in the third quarter.
Assured Guaranty (NYSE:
) was also up, gaining 6.63 percent to $23.16 on Q3 results.
Equities Trading DOWN Shares of Rackspace Hosting (NYSE:
) were down 13.47 percent to $42.67 after the company reported a
40 percent drop in its third-quarter net income.
) shares tumbled 14.49 percent to $19.58 after the company issued
downbeat outlook for fiscal 2014. Canaccord Genuity
downgraded the stock
from Buy to Hold.
Yingli Green Energy Holding Co (NYSE:
) was down, falling 8.36 percent to $6.36 after the company
Commodities In commodity news,
oil traded down 0.98 percent
to $94.21, while gold traded down 0.46 percent to $1,275.20.
Silver traded down 1.96 percent Tuesday to $20.87, while
copper fell 0.83 percent to $3.23.
Eurozone European shares
today. The Spanish Ibex Index tumbled 0.84 percent, while Italy's
FTSE MIB Index fell 0.54 percent. Meanwhile, the German DAX
dropped 0.34 percent and the French CAC 40 declined 0.61 percent
while U.K. shares fell 0.02 percent.
Economics The NFIB's small-business optimism index fell to
91.6 in October, versus 93.9 in September.
The Chicago Fed National Activity Index came in at 0.14 for
September. However, economists were expecting a reading of
The ICSC-Goldman Sachs store sales index rose 1.2 percent in
the week ending Saturday versus the earlier week.
The Johnson Redbook Retail Sales Index dropped 0.8 percent in
the first week of November versus October.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.