Following the market opening Tuesday, the Dow traded down 0.22
percent to 16,422.66 while the NASDAQ surged 0.34 percent to
4,212.03. The S&P also rose, gaining 0.16 percent to
Top Headline Verizon Communications (NYSE:
to a profit
in the fourth quarter.
Verizon posted a quarterly profit of $5.07 billion, or $1.76
per share, versus a year-ago loss of $4.23 billion, or $1.48 per
share. Its adjusted earnings climbed to $0.66 per share from
$0.38 per share.
Its revenue surged to $31.07 billion from $30.05 billion.
However, analysts were estimating earnings of $0.62 per share on
revenue of $31.04 billion.
Equities Trading UP Signature Bank (NASDAQ:
) shot up 11.25 percent to $122.49 as the company reported upbeat
Shares of Liquidity Services (NASDAQ:
) got a boost, shooting up 10.26 percent to $23.80 after the
received follow-on contract
from the US Defense Logistics Agency.
Ironwood Pharmaceuticals (NASDAQ:
) was also up, gaining 8.53 percent to $13.74 on
better-than-expected Q4 profit.
Equities Trading DOWN Shares of Expedia (NASDAQ:
) were down 6.49 percent to $66.10. Search Metrics reported that
Expedia may have lost 25% of their search visibility in
) shares tumbled 5.55 percent to $168.40 after the company
reported its business strategy and development plan for 2014.
) was down, falling 5.36 percent to $69.63 after JP Morgan
downgraded the stock from Overweight to Neutral.
Commodities In commodity news, oil traded up 1.10 percent to
$94.99, while gold traded down 0.07 percent to $1,239.40.
Silver traded down 1.14 percent Tuesday to $19.83, while
copper fell 0.48 percent to $3.33.
Eurozone European shares were mostly higher today. The Spanish
Ibex Index dropped 0.14 percent, while Italy's FTSE MIB Index
climbed 0.87 percent. Meanwhile, the German DAX surged 0.57
percent and the French CAC 40 jumped 0.38 percent while U.K.
shares gained 0.22 percent.
Economics The Treasury is set to auction 3-and 6-month
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