Tuesday, the Dow traded down 0.37 percent to 15,244.54 while the
NASDAQ declined 0.08 percent to 3,812.38. The S&P also fell,
dropping 0.30 percent to 1,704.98.
Top Headline Citigroup (NYSE:
) reported a
Citigroup's quarterly profit surged to $3.2 billion, or $1 per
share, from $468 million, or $0.15 per share, in the year-ago
quarter. Its adjusted earnings came in at $1.02 per share.
Its total net revenue surged 30% to $17.9 billion from $13.7
billion. However, analysts were projecting earnings of $1.05 per
share on revenue of $18.58 billion. Citigroup's net credit losses
declined 38% to $2.4 billion.
Equities Trading UP Arena Pharmaceuticals (NASDAQ:
) shot up 8.29 percent to $4.70 after the company reported that
Eisai will double
BELVIQ sales force to 400 representatives.
Shares of Tesla Motors (NASDAQ:
) got a boost, shooting up 4 percent to $186.90 after Wedbush
upgraded the stock from Neutral to Outperform and lifted the
target price from $180 to $240.
Johnson & Johnson (
) was also up, gaining 1.50 percent to $91.15 after the company
Equities Trading DOWN Shares of Molycorp (NYSE:
) were down 18.75 percent to $5.77 after the company announced
its plans to to sell $200 million in shares.
) shares tumbled 16.34 percent to $43.99 after the company issued
downbeat earnings forecast
for the full year.
Caesars Entertainment (NASDAQ:
) was down, falling 10.77 percent to $19.98 after reporting
completion of the offering of notes.
Commodities In commodity news, to $101.45, while gold traded
down 0.88 percent to $1,265.40.
Silver traded down 1.56 percent Tuesday to $21.02, while
copper rose 0.02 percent to $3.30.
Eurozone European shares today. The Spanish Ibex Index rose
0.65 percent, while Italy's FTSE MIB Index gained 0.41 percent.
Meanwhile, the German DAX rose 0.84 percent and the French CAC 40
climbed 0.64 percent while U.K. shares gained 0.82 percent.
Economics The ICSC-Goldman Sachs store sales index dropped
0.7% for the week ended Saturday versus the earlier week.
The Empire state manufacturing index fell to 1.52 in October,
from a prior reading of 6.29. However, economists were expecting
a reading of 7.00.
The Johnson Redbook Retail Sales Index declined 1.4% for the
first week of October versus September.
The Treasury is set to auction 3-and 6-month bills.
FOMC member Fisher is expected to speak at 7:15 p.m. ET.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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