Midway through trading Tuesday, the Dow traded up 0.64 percent
to 14,540.06 while the NASDAQ gained 0.29 percent to 3,244.60.
The S&P also rose, gaining 0.53 percent to 1,559.93.
Top Headline Children's Place Retail Stores (NASDAQ:
) issued a downbeat first-quarter view. Children's Place expects
Q1 profit of $0.60 to $0.65 per share and full-year profit of
$2.90 to $3.10 per share. However, analysts were expecting a
profit of $1.20 per share for the first quarter and $3.52 per
share for the year.
Equities Trading UP Just Energy Group (NYSE:
) shot up 8.91 percent to $6.6328 after the company expected FY14
EBITDA of around $220 million ($1.57 per share). Shares of Sonic
) got a boost, shooting up 7.42 percent to $12.60 after reported
a rise in its fiscal second-quarter profit. RF Micro Devices
) was also up, gaining 6.76 percent to $5.24 after analysts at
Oppenheimer upgraded RF Micro Devices from "perform" to
Equities Trading DOWN Calumet Specialty Products Partners LP
) shares tumbled 4.12 percent to $37.49 after the company priced
common unit offering. AuRico Gold (NYSE:
) was also down, falling 5.57 percent to $6.27 after the company
reported Q4 results.
Shares of Alpha Natural Resources (NYSE:
) were down 3.01 percent to $8.08 after the company's affiliate
Paramont Coal Company, Virginia, has been recognized for its
Commodities In commodity news, oil traded up 0.72 percent to
$95.49, while gold traded down 0.39 percent to $1,600.30. Silver
traded down 0.43 percent Tuesday to $28.69, while copper rose
0.39 percent to $3.46.
Eurozone European shares were mostly higher, reversing the
strong weakness from Monday. The Spanish Ibex Index tumbled 1.28
percent and the Italian FTSE MIB Index dropped 0.66 percent. The
STOXX Europe 600 Index gained 0.30 percent, London's FTSE 100
Index rose 0.37 percent, French CAC 40 Index surged 0.79 percent
and German DAX 30 index climbed 0.25 percent. Economics Orders
for durable goods rose 5.7% in February. However, economists were
expecting orders to rise 4.6%. The ICSC-Goldman Sachs Retail
Chain Store Sales Index dropped 1.7% in the recent week ended
Saturday versus the week before. The Johnson Redbook Retail Sales
Index for the first three weeks of March rose 2.8%
year-over-year. The S&P/Case-Shiller 20-city composite index
for January rose to 8.1% year-over-year. Consumer confidence
declined to a reading of 59.7 in March, versus 68.0 in February.
However, economists were expecting a reading of 66.5. Sales of
new homes dropped 4.6% to an annual rate of 411,000 in February,
versus a revised 431,000 in January. Economists had projected new
home sales to fall to 417,000. The Richmond Fed Manufacturing
Index dropped to a reading of 3.00 in March, versus a prior
reading of 6.00. Economists were expecting a reading of 6.00. The
Treasury is set to auction 2-year notes.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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