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Midway through trading Tuesday, the Dow traded down 0.69 percent to 15,898.09 while the NASDAQ tumbled 0.30 percent to 4,033.29. The S&P also fell, dropping 0.45 percent to 1,792.86.
Top Headline
Yesterday, Krispy Kreme Doughnuts
KKD reported a 34% rise in its Q3 profit. However, the company issued downbeat forecast for fiscal 2015.
Krispy Kreme's quarterly profit surged to $6.8 million, or $0.09 per share, from a year-earlier profit of around $5 million, or $0.07 per share. Excluding special items, it earned $0.16 per share.
Its revenue climbed 7% to $114.2 million from $107.1 million. However, analysts were expecting adjusted earnings of $0.15 per share on revenue of $114.1 million.
Equities Trading UP
OncoMed Pharmaceuticals
OMED shot up 110.14 percent to $29.42 on a deal to sell 1.47 million shares to Celgene
CELG at $15.13 per share.
Shares of Tesla Motors
TSLA got a boost, shooting up 11.15 percent to $138.01 after the company announced that the German regulator has closed review of Model S incidents. Morgan Stanley also named the stock a Top Pick in the auto sector.
Apple
AAPL was also up, gaining 1.65 percent to $560.30. Apple reported that it had acquired Topsy Labs for more than $200 million. UBS upgraded the stock from Neutral to Buy and raised the target price from $540 to $650.
Shares of Krispy Kreme Doughnuts
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were down 19.35 percent to $19.80 after the company
issued downbeat forecast for fiscal 2015.
GT Advanced Technologies
GTAT shares tumbled 6.84 percent to $9.26 after the company announced its plans to offer $125 million convertible senior notes and 12 million shares of common stock.
Myriad Genetics
MYGN was down, falling 8.01 percent to $24.82 after JMP Securities downgraded the stock from Market Outperform to Market Perform.
Commodities
In commodity news,
oil traded up 2.06 percent to $95.75, while gold traded up 0.08 percent to $1,222.90.
Silver traded down 0.75 percent Tuesday to $19.15, while copper fell 0.24 percent to $3.18.
Euro zone
European shares
were lower today. The Spanish Ibex Index tumbled 1.44 percent, while Italy's FTSE MIB Index declined 1.95 percent. Meanwhile, the German DAX dropped 1.90 percent and the French CAC 40 declined 2.65 percent while U.K. shares fell 0.95 percent.
Economics
The ICSC-Goldman Sachs store sales index declined 2.8% in the week ended Saturday versus the earlier week.
The Johnson Redbook Retail Sales Index fell 0.2% in the first four weeks of November versus October.
US home prices climbed 0.2% in October, CoreLogic reported.
The Treasury is set to auction 3-and 6-month bills.
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Posted In: EarningsNewsGuidanceEurozoneCommoditiesForexGlobalEcon #sEconomicsHotIntraday UpdateMarketsMoversTech
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