Following the market opening Tuesday, the Dow traded down 0.14
percent to 13,488.18 while the NASDAQ fell 0.61 percent to
3,098.18. The S&P also fell, decreasing 0.24 percent to
Top Headline Dell (NASDAQ:
) continued its rally from Monday in early trading as investor
sentiment skyrocketed on the rumour that the company is in talks
to go private. While the talks propelled shares higher, skeptics
noted that the buyout would be so large it'd be tough even for a
consortium of private equity funds.
Equities Trading UP Express (NYSE:
) traded up 19.13 percent to $16.75 after the company announced
that its fourth-quarter comps would come in between unchanged and
up one percent, better than the expected decline of single
digits. The company also raised its EPS guidance.
Shares of Santarus (NASDAQ:
) were also up, gaining 9.84 percent to $12.39 after the FDA
approved the company's ulcerative colitis drug.
) saw a boost as well, rising 7.96 percent to $10.99 after the
company's third-quarter report beat the street's
Equities Trading DOWN Lululemon (NASDAQ:
) fell 7.55 percent to $66.84 after the company issued guidance
at the high end of expectations, but not the top that analysts
expected. A downgrade at Buckingham Research to Underperform
could also have added to the fall.
) traded down 4.73 percent to $6.64, possibly linked to the fall
in Apple's share price.
Shares of PDL BioPharma (NASDAQ:
) were also down, falling 3.98 percent to $7.13 after the company
was downgraded to Underperform at Credit Suisse this morning.
Commodities In commodity news, oil traded down 0.08 percent to
$94.06, while gold traded up 0.62 percent to $1,679.70.
Silver traded up 0.15 percent Tuesday to $31.26.
Eurozone European markets remained mixed this morning as
traders positioned themselves on a relatively light macro news
day. The Spanish Ibex was down 0.36 percent while the Italian MIB
index took an opposite stance, rising 0.41 percent.
Economics In economic news, PPI year over year came in at 1.3
percent, below the projected 1.4 percent and the previous release
of 1.5 percent, while PPI month over month was reported at -0.2
percent, lower than the anticipated -0.1 percent and the prior
report of -0.8 percent.
Retail sales were also reported, coming in at 0.5 percent,
above the anticipated 0.2 percent and the previous figure of 0.3
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