Following the market opening Tuesday, the Dow traded up 0.26
percent to 15,292.97, while the NASDAQ rose 0.31 percent to
3,476.05. The S&P was also up, gaining 0.29 percent to
Top Headline Dollar General (NYSE:
) reported a 3% rise in its first-quarter profit.
Dollar General's quarterly profit surged to $220.08 million,
or $0.67 per share, versus $213.41 million, or $0.63 per share,
in the year-ago period. Its adjusted earnings came in at $0.71
Its revenue surged to $4.24 billion from $3.90 billion, while
same-store sales rose 2.6%. However, analysts were estimating
earnings of $0.71 per share on revenue of $4.24 billion. Dollar
General projects full-year adjusted earnings of $3.15 to $3.22
per share, versus its earlier forecast of $3.15 to $3.30 per
Equities Trading UP ExactTarget (NYSE:
) shot up, gaining 52.66 percent to $33.74, after salesforce.com
) announced its plans to buy the company for $2.34 billion.
G-III Apparel Group (NASDAQ:
) was also up 12.80 percent to $48.21 after the company reported
upbeat first-quarter results and lifted its full-year
General Motors Company (NYSE:
) got a boost, shooting up 1.98 percent to $35.10. GM will
replace H. J. Heinz Co (NYSE:
) in the S&P 500 on Thursday.
Equities Trading DOWN Dollar General (NYSE:
) was down, falling 6.80 percent to $49.91 on Q1 results.
U.S. Silica Holdings (NYSE:
) shares tumbled 5.47 percent to $20.41 after the company
announced secondary offering of 10 million shares of common stock
by selling stockholder.
The Carlyle Group LP (NASDAQ:
) was down 4.53 percent to $28.06 after Calpers announced its
plans to sell its 4% stake in the company.
Commodities In commodity news, oil traded down 0.48 percent to
$93.00, while gold dropped 1 percent to $1,397.60.
Silver traded down 1.41 percent Tuesday to $22.40, while
copper rose 0.72 percent to $3.35.
Eurozone European shares traded higher in early trade after
the positive Spanish economic news and also on the ESM news.
Spain's unemployment count, those collecting unemployment
benefits, declined 98,265 in May to 4.89 million, a drop of
almost 2 percent.
The Spanish Ibex Index rose 1.30 percent and the Italian FTSE
MIB Index gained 0.58 percent. Meanwhile, the German DAX climbed
0.34 percent and the French CAC 40 rose 0.48 percent while U.K.
shares gained 0.64 percent.
Economics US trade deficit widened 8.5% to $40.3 billion in
April, versus a revised $37.1 billion in March. However,
economists were expecting the deficit to rise to $41.5 billion.
US exports increased 1.2% to $187.4 billion in April, while
imports rose 2.4% to $227.7 billion.
The ICSC/Goldman Sachs Retail Chain Store Sales Index
increased 1.9% in the week ended Saturday versus the prior
The Johnson Redbook Retail Sales Index gained 0.6% in the
first four weeks of May versus April.
Fed members Sarah Bloom Raskin, Esther George, and Richard
Fischer are expected to speak.
The Treasury is also expected to auction 4-week bills.
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