Following the market opening Tuesday, the Dow traded up 0.58
percent to 14,657.15 while the NASDAQ gained 0.75 percent to
3,263.60. The S&P also rose, gaining 0.60 percent to
Top Headline Nasdaq OMX Group (NASDAQ:
) agreed to acquire eSpeed from BGC Partners (NASDAQ:
) for up to $1.23 billion. Nasdaq OMX Group will pay $750 million
in cash and up to $484 million in stock to buy BGC Partners.
Equities Trading UP BGC Partners (NASDAQ:
) shot up 42.34 percent to $5.48 after Nasdaq OMX Group (NASDAQ:
) agreed to acquire eSpeed from the company for up to $1.23
billion. Shares of Humana (NYSE:
) got a boost, shooting up 8.85 percent to $81.66 after the
company disclosed assessment on final 2014 Medicare rate notice.
Nuance Communications (NASDAQ:
) was also up, gaining 8.03 percent to $21.80 after Carl Icahn
bought a 9.27% stake in the company. Equities Trading DOWN Nasdaq
OMX Group (NASDAQ:
) shares tumbled 7.62 percent to $29.57 after the company agreed
to acquire eSpeed from BGC Partners for up to $1.23 billion.
Delta Air Lines (NYSE:
) was also down, falling 4.25 percent to $15.56 after the company
reported financial and operating performance for March.
Shares of EZCORP (NASDAQ:
) were down 4.94 percent to $19.82 after FBR Capital downgrades
the stock from "market perform" to "underperform."
Commodities In commodity news, oil traded down 0.90 percent to
$96.20, while gold traded down 0.99 percent to $1,585.00. Silver
traded down 1.12 percent Tuesday to $27.63, while copper fell
0.31 percent to $3.36.
Eurozone European shares were higher despite unemployment
across the eurozone hitting a new record high as manufacturing
PMI's were slightly better than expected in most countries. The
Eurozone Manufacturing PMI rose to 46.8 in March from 46.6 in
February, beating expectations of a reading of 46.6. Notably,
Germany's manufacturing sector swung to a contraction in March
from expansion previously and the Italian and Spanish PMI's were
extremely weak. The Spanish Ibex Index gained 0.80% while the
Italian FTSE MIB Index rose 0.73 percent. Meanwhile, the German
DAX gained 1.10 percent and the French CAC rose 1.03 percent and
U.K. shares rose 1.19 percent.
Economics The ICSC-Goldman store sales index climbed 4.7% in
the recent week ended Saturday versus the week before. The
Johnson Redbook Retail Sales Index surged 0.8% in the first four
weeks of March versus February. However, sales for the latest
week climbed 3.5% y/y. US factory orders surged 3.0% in February,
versus a 3.7% drop in January. However, economists were expecting
orders to rise by 2.9%. Fed Presidents Naryana Kocherlakota and
Charles Evans are set to speak. The Treasury is set to auction 4-
and 52-week bills.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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