Following the market opening Tuesday, the Dow traded up 0.57
percent to 14,530.23 while the NASDAQ gained 0.39 percent to
3,250.05. The S&P also rose, gaining 0.50 percent to
Top Headline Children's Place Retail Stores (NASDAQ:
) issued a downbeat first-quarter view. Children's Place expected
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 BroadSoft (NASDAQ:
) shot up 7.85 percent to $29.00 after analysts at Raymond James
upgraded the stock from "underperform" to "market perform."
Shares of Sonic (NASDAQ:
) got a boost, shooting up 6.56 percent to $12.50 after reported
a rise in its said fiscal second-quarter profit. RF Micro Devices
) was also up, gaining 6.62 percent to $5.2350 after analysts at
Oppenheimer upgraded the stock from "perform" to "outperform."
Equities Trading DOWN Calumet Specialty Products Partners LP
) shares tumbled 4.40 percent to $37.38 after the company priced
common unit offering. AuRico Gold (NYSE:
) was also down, falling 4.22 percent to $6.36 after the company
reported Q4 results.
Shares of Children's Place Retail Stores (NASDAQ:
) were down 2.20 percent to $44.98 issued a downbeat
Commodities In commodity news, oil traded up 1.04 percent to
$95.80, while gold traded down 0.50 percent to $1,598.40. Silver
traded down 0.19 percent Tuesday to $28.76, while copper rose
0.75 percent to $3.47.
Eurozone European shares were mostly higher overnight,
reversing the strong weakness from Monday. The Spanish Ibex Index
tumbled 1.57 percent and the Italian FTSE MIB Index dropped 0.50
percent. The STOXX Europe 600 Index gained 0.06 percent, London's
FTSE 100 Index rose 0.12 percent, French CAC 40 Index surged 0.76
percent and German DAX 30 index climbed 0.19 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 4-week bills and 2-year notes.
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