Midway through trading Tuesday, the Dow traded up 0.01 percent
to 15,256.10, while the NASDAQ rose 0.24 percent to 3,473.61. The
S&P was also up, gaining 0.03 percent to 1,640.86.
Top Headline Dollar General (NYSE:
) reported a 3% rise in its first-quarter profit.
Dollar General's quarterly profit surged to $220.08 million,
or $0.67 per share, versus $213.41 million, or $0.63 per share,
in the year-ago period. Its adjusted earnings came in at $0.71
Its revenue surged to $4.24 billion from $3.90 billion, while
same-store sales rose 2.6%. However, analysts were estimating
earnings of $0.71 per share on revenue of $4.24 billion. Dollar
General projects full-year adjusted earnings of $3.15 to $3.22
per share, versus its earlier forecast of $3.15 to $3.30 per
Equities Trading UP ExactTarget (NYSE:
) shot up, gaining 52.49 percent to $33.70, after salesforce.com
) announced its plans to buy the company for $2.34 billion.
G-III Apparel Group (NASDAQ:
) was also up 18.25 percent to $50.54 after the company reported
upbeat first-quarter results and lifted its full-year
Infinity Pharmaceuticals (NASDAQ:
) got a boost, shooting up 20.66 percent to $19.80 on Piper
Equities Trading DOWN Dollar General (NYSE:
) was down, falling 7.60 percent to $49.48 on Q1 results.
U.S. Silica Holdings (NYSE:
) shares tumbled 5.97 percent to $20.30 after the company
announced secondary offering of 10 million shares of common stock
by selling stockholder.
Array BioPharma (NASDAQ:
) was down 7.79 percent to $5.3299 after the company announced
proposed public offering of convertible debt.
Commodities In commodity news, oil traded down 0.66 percent to
$92.83, while gold dropped 1.22 percent to $1,394.50.
Silver traded down 1.68 percent Tuesday to $22.34, while
copper rose 0.90 percent to $3.36.
Eurozone European shares traded higher in early trade after
the positive Spanish economic news and also on the ESM news.
Spain's unemployment count, those collecting unemployment
benefits, declined 98,265 in May to 4.89 million, a drop of
almost 2 percent.
The Spanish Ibex Index rose 0.92 percent and the Italian FTSE
MIB Index gained 0.29 percent. Meanwhile, the German DAX climbed
0.03 percent and the French CAC 40 rose 0.20 percent while U.K.
shares gained 0.37 percent.
Economics US trade deficit widened 8.5% to $40.3 billion in
April, versus a revised $37.1 billion in March. However,
economists were expecting the deficit to rise to $41.5 billion.
US exports increased 1.2% to $187.4 billion in April, while
imports rose 2.4% to $227.7 billion.
The ICSC/Goldman Sachs Retail Chain Store Sales Index
increased 1.9% in the week ended Saturday versus the prior
The Johnson Redbook Retail Sales Index gained 0.6% in the
first four weeks of May versus April.
Fed members Sarah Bloom Raskin, Esther George, and Richard
Fischer are expected to speak.
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