Following the market opening Tuesday, the Dow traded up 0.83
percent to 17,867.44 while the NASDAQ climbed 0.70 percent to
5,144.59. The S&P also rose, gaining 0.76 percent to
Leading and Lagging Sectors
In trading on Tuesday, financial shares were relative leaders,
up on the day by about 1 percent. Meanwhile, top gainers in the
sector included HF Financial Corp. (NASDAQ:
), up 19 percent, and China Hgs Real Estate Inc (NASDAQ:
), up 12 percent.
Basic materials shares rose by just 0.4 percent in the US
market on Tuesday. Top losers in the sector included Joy Global
), Gold Fields Limited (ADR) (NYSE:
), and Newmont Mining Corp (NYSE:
Infoblox Inc (NYSE:
) reported better-than-expected results for its fiscal first
quarter and issued a strong outlook on Monday.
The Santa Clara, California-based company reported a quarterly
net loss of $1.5 million, or $0.03 per share, versus a year-ago
net loss of $10.2 million, or $0.18 per share. Its non-GAAP
earnings surged to $0.13 per share from $0.05 per share.
Its total net revenue climbed 40.9 percent year-over-year to
$94.0 million. However, analysts were expecting earnings of $0.06
per share on revenue of $87.58 million.
Equities Trading UP
Rayonier Advanced Materials Inc (NYSE:
) shares shot up 13 percent to $12.62 after the company reported
a new contract with Eastman Chemical through 2019.
Shares of Infoblox Inc (NYSE:
) got a boost, shooting up 21 percent to $18.20 after the company
reported better-than-expected results for its fiscal first
quarter and issued a strong outlook. The company's board also
announced a $100 million share buyback program.
Mattress Firm Holding Corp (NASDAQ:
) shares were also up, gaining 8 percent to $53.26. Mattress Firm
agreed to acquire HMK Mattress Holdings LLC, the holding company
of Sleepy's and related entities, for $780 million. The company
reported preliminary Q3 adjusted earnings of $0.80 to $0.82 per
share, and sales growth of 50.7 percent.
Equities Trading DOWN
Breitburn Energy Partners LP (NASDAQ:
) shares tumbled 21 percent to $1.58 after the company reported
the suspension of distribution for common units.
Shares of Joy Global Inc. (NYSE:
) were down 11 percent to $13.65. BofA Merrill Lynch's Ross
Gilardi downgraded the rating on Joy Global from Neutral to
NQ Mobile Inc (ADR) (NYSE:
) was down, falling 8 percent to $3.87. NQ Mobile reported Q3
adjusted earnings of $0.01 per ADS on sales of $87.9 million.
In commodity news, oil traded down 0.82 percent to $41.31,
while gold traded up 0.24 percent to $1,067.90.
Silver traded up 0.56 percent Tuesday to $14.17, while copper
rose 0.73 percent to $2.06.
European shares were mostly higher today. The eurozone's STOXX
600 rose 0.05 percent, the Spanish Ibex Index gained 0.25
percent, while Italy's FTSE MIB Index surged 0.32 percent.
Meanwhile, the German DAX declined 0.16 percent, and the French
CAC 40 slipped 0.28 percent, while U.K. shares rose 0.60
The final reading of the Markit manufacturing PMI rose to
52.80 in November, versus a flash reading of 52.60.
US construction spending rose 1.00 percent in October, versus
economists' expectations for a 0.50 percent growth.
The ISM manufacturing index declined to 48.60 in November,
versus a prior reading of 50.10. Economists were expecting a
reading of 50.30.
© 2015 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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