Following the market opening Tuesday, the Dow traded down 0.07
percent to 16,014.61 while the NASDAQ declined 0.04 percent to
4,067.24. The S&P also fell, dropping 0.05 percent to
Top Headline Toll Brothers (NYSE:
) reported a
fourth-quarter profit. Toll Brothers' quarterly profit declined
to $94.9 million, or $0.54 per share, versus a year-ago profit of
$411.4 million, or $2.35 per share.
Its income before taxes climbed to $150.2 million from $60.7
million. Its revenue rose 65% to $1.04 billion. However, analysts
were projecting earnings of $0.43 per share on revenue of $1.03
Equities Trading UP ARIAD Pharmaceuticals (NASDAQ:
) shot up 9.56 percent to $4.70 after Stifel Nicolaus upgraded
the stock from Hold to Buy.
Shares of Geron (NASDAQ:
) got a boost, shooting up 5.80 percent to $5.84 following the
company's Monday presentation at ASH. Needham upgraded the stock
from Hold to Buy.
) was also up, gaining 13.48 percent to $9.68 as the company and
Micron Technology (NASDAQ:
) signed a
broad patent cross license
Equities Trading DOWN Shares of Pep Boys - Manny, Moe &
) were down 10.51 percent to $12.00 after the company reported
results for the third quarter.
Icahn Enterprises LP (NASDAQ:
) shares tumbled 8.37 percent to $136.10 after the company
announced the sale of 2 million depositary units.
) was down, falling 7 percent to $86.16 after the company
reported Q1 results and declared a quarterly dividend.
In commodity news,
oil traded up 1.25 percent
to $98.56, while gold traded up 2.15 percent to $1,260.70. Silver
traded up 3.19 percent Tuesday to $20.33, while copper rose 0.57
percent to $3.28.
Eurozone European shares
today. The Spanish Ibex Index declined 0.53 percent, while
Italy's FTSE MIB Index dropped 0.47 percent. Meanwhile, the
German DAX tumbled 0.87 percent and the French CAC 40 declined
0.79 percent while U.K. shares fell 0.55 percent.
The ICSC-Goldman Sachs store sales index declined 1.6% in the
week ended Saturday versus the earlier week. The NFIB
small-business optimism index climbed 0.9 points to 92.5 in
The Johnson Redbook Retail Sales Index dropped 1.5% in the
first week of December versus November.
US wholesale inventories rose 1.40% in October, versus
economists' expectations for a 0.30% gain. US job openings rose
3.92 million in October, from 3.88 million in September,
according to the JOLTS report. The Treasury is set to auction
4-and 52-week bills.
The Treasury will also auction 3-year notes.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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