Midway through trading Tuesday, the Dow traded up 0.12 percent
to 15,420.10 while the NASDAQ surged 0.40 percent to 3,780.30.
The S&P also rose, gaining 0.16 percent to 1,704.55.
Top Headline Lennar (NYSE:
) reported a
in its third-quarter net profit.
Lennar's quarterly net profit surged to $120.7 million, or
$0.54 per share, from $87.1 million, or $0.40 per share, in the
Its revenue rose 46% to $1.6 billion from $1.1 billion, while
new orders climbed 14%. However, analysts were estimating
earnings of $0.45 per share on revenue of $1.55 billion.
Equities Trading UP Greenway Medical Technologies (NYSE:
) shot up 18.21 percent to $20.25 after the company
agreed to be acquired
by Vista Equity Partners for $20.35 per share.
Shares of Applied Materials (NASDAQ:
) got a boost, shooting up 7.31 percent to $17.16 after the
company announced its
plans to acquire
Tokyo Electron in an all-share deal.
) was also up, gaining 3.86 percent to $49.01 after
the stock from Neutral to Buy.
Equities Trading DOWN Shares of Cypress Semiconductor (NASDAQ:
) were down 13.48 percent to $9.90 after the company lowered its
Red Hat (NYSE:
) shares tumbled 10.47 percent to $47.39 after the company
results. Piper Jaffray downgraded the stock from Overweight to
) was down, falling 6.43 percent to $35.00 on Q3 results.
Commodities In commodity news, to $102.86, while gold traded
down 0.72 percent to $1,317.40.
Silver traded down 1.08 percent Tuesday to $21.62, while
copper fell 1.38 percent to $3.25.
Eurozone European shares today. The Spanish Ibex Index surged
0.64 percent, while Italy's FTSE MIB Index rose 0.85 percent.
Meanwhile, the German DAX gained 0.34 percent and the French CAC
40 rose 0.56 percent while U.K. shares climbed 0.21 percent.
Economics The ICSC-Goldman Sachs store sales index dropped 1%
in the week ended Saturday versus the earlier week.
The S&P/Case-Shiller home price index rose 1.8% in July
from June, while the index climbed 12.4% y/y in the month.
The FHFA house price index climbed 1% in July from June, while
the index surged 8.8% y/y.
The Johnson Redbook Retail Sales Index fell 0.4% in the first
three weeks of September from August.
The Richmond manufacturing index declined to 0.00 in
September, versus a prior reading of 14.00. However, economists
were expecting a reading of 12.00.
The Conference Board's consumer confidence index fell to 79.70
in September from a revised reading of 81.80 in August.
Economists were expecting a reading of 79.90.
The Treasury is set to auction 2-year notes.
(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.