Following the market opening Tuesday, the Dow traded up 0.68
percent to14,698.23 while the NASDAQ gained 0.58 percent to
3,235.02. The S&P also rose, surging 0.77 percent to
Index Technicals: The S&P 500 looks to be resting on major
trend-line support at 1,550 as 1,570 acts as resistance above
Next, the Dow is also resting on major trend-line support and
its 20 EMA at 14,603.49, with 14,800/14,900 acting as resistance
The Russell looks to be losing both its daily 20 and 50 EMA
supports, while opening above its 915 support this morning, with
895 acting as support below and 950 as resistance above.
Finally, the NASDAQ looks to be closing just above its 50 EMA
support at 3,210.17, with 20 EMA resistance above that at
Top Headline Goldman Sachs Group (NYSE:
) reported a 7.2% rise in its first-quarter profit.
Goldman Sachs' quarterly profit surged to $2.26 billion, from
$2.11 billion, in the year-ago period. Its earnings per share
came in at $4.29 versus $3.92.
Its net revenue rose 1.4% to $10.09 billion. However, analysts
were expecting earnings of $3.88 per share on revenue of $9.72
Equities Trading UP Pinnacle Financial Partners (NASDAQ:
) shot up 10.19 percent to $23.89 after the company reported
upbeat quarterly profit.
Shares of Coca-Cola Company (NYSE:
) got a boost, shooting up 4.56 percent to $41.92 after the
company released Q1 results.
W.W. Grainger (NYSE:
) was also up, gaining 6.25 percent to $239.81 after the company
reported upbeat Q1 earnings.
Equities Trading DOWN Sarepta Therapeutics (NASDAQ:
) was also down, falling 14.59 percent to $33.51 on FDA guidance
on its muscular dystrophy drug.
Shares of Niska Gas Storage Partners LLC (NYSE:
) were down 9.89 percent to $13.39 after Citigroup downgraded the
stock from "neutral" to "sell."
) shares tumbled 6.87 percent to $28.76 after the company cut its
Commodities In commodity news, oil traded down 0.69 percent to
$88.10, while gold traded up 2.23 percent to $1,391.50.
Silver traded up 1.52 percent Tuesday to $23.72, while copper
fell 0.06 percent to $3.27.
Eurozone European shares were mostly higher. The German ZEW
Economic Sentiment Index fell from a 3-month high to 36.3 from
48.5 in March, below forecasts of 42. Also, the current
conditions index slipped to 9.2 from 13.6 previously, below
forecasts as well.
The Spanish Ibex Index rose 0.09% while the Italian FTSE MIB
Index gained 0.44 percent. Meanwhile, the German DAX rose 0.30
percent and the French CAC climbed 0.18 percent and U.K. shares
declined 0.11 percent.
Economics The consumer price index fell 0.2% in March, while
the core CPI gained 0.1% in the month. However, economists
expected the CPI to decline 0.1% in March and the core rate to
U.S. housing starts climbed 7% to an annual rate of 1.04
million in March. However, economists were expecting construction
starts to climb to 933,000.
Industrial production gained 0.4% in March. However,
economists were expecting a 0.3% monthly rise.
The ICSC/Goldman Sachs Retail Chain Store Sales Index fell
1.1% in the recent week ended Saturday versus the week
US chain store sales dropped 2.7% in the first week of April
versus March, according to the Johnson Redbook Index.
The Treasury is set to auction 4-week bills and Fed members
Duke, Kocherlakota and Yellen are set to speak throughout the
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