Following the market opening Tuesday, the Dow traded up 0.30
percent to 14,495.64 while the NASDAQ gained 0.29 percent to
3,247.08. The S&P also rose, gaining 0.22 percent to
Index Technicals: The Dow looks set to find support at 14,440
and will test its 14,410 support, while encountering resistance
at the 14,522 level.
The S&P 500 seems to be finding support at 1,550, with
overhead resistance at 1,560.
The NASDAQ briefly loses its 3,320 support after a gap down,
before rising up with 3,250 resistance overhead.
Finally, the Russell looks set to find support at 945, while
hitting resistance at the 951 level.
Top Headline Yesterday, Electronic Arts (NASDAQ:
) reported that its CEO, John Riccitiello, is stepping down.
EA also warned that its current-quarter earnings will be at
the low end of its earlier issued view. The company has appointed
Larry Probst, former CEO and chairman of the board, as its
Equities Trading UP AmerisourceBergen (NYSE:
) shot up 5.59 percent to $51.00 after Walgreen (NYSE:
) announced its plans to buy stake in the company.
Shares of NPS Pharmaceuticals (NASDAQ:
) got a boost, shooting up 17.03 percent to $10.58 after the
company re-gained marketing worldwide rights to teduglutide and
recombinant human parathyroid hormone 1-84..
Lattice Semiconductor (NASDAQ:
) was also up, gaining 8.18 percent to $5.16 after the company
lifted its Q1 revenue forecast.
Equities Trading DOWN DSW (NYSE:
) shares tumbled 9.31 percent to $60.81 after the company issued
Cardinal Health (NYSE:
) was also down, falling 6.16 percent to $43.29 after
) signed distribution deal with Walgreen (NYSE:
Shares of Hospitality Properties Trust (NYSE:
) were down 5.33 percent to $25.74 after the company priced a
public offering of 14,000,000 common shares at a price of $25.55
Commodities In commodity news, oil traded up 0.05 percent to
$93.79, while gold traded down 0.14 percent to $1,602.40.
Silver traded down 0.29 percent Tuesday to $28.79, while
copper fell 0.06 percent to $3.43.
Eurozone European shares were mostly lower for the second
consecutive day as leaders struggle to reach an agreement on the
Cyprus bailout. The Spanish Ibex Index tumbled 0.84 percent and
the Italian FTSE MIB Index fell 0.13 percent. The STOXX Europe
600 Index rose 0.02 percent, London's FTSE 100 Index rose 0.20
percent, French CAC 40 Index dipped 0.58 percent and German DAX
30 index dropped 0.16 percent.
Economics US housing starts climbed 0.8% to 917,000 in
February. However, economists were expecting construction starts
to increase to 913,000 in February.
The ICSC/Goldman Sachs Retail Chain Store Sales Index gained
1.4% in the latest week ended Saturday.
The Johnson Redbook Retail Sales Index rose 2.9% y/y in the
week ended March 16, 2013.
The Treasury is set to auction 4-week bills.
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