Late Market Roundup

Crude-oil futures increased their losses after the Energy Department reported an unexpected rise in oil stockpiles. Crude for November delivery moved down 0.3% to $83.51. However, the EIA reported a surprise decline of 2.6 million barrels for gasoline stocks, along with a fall of 1.1 million for...

Delta Air Lines Inc (NYSE: DAL) announced that its total September traffic gained 6.5%, from 15.13 billion revenue passenger miles a year ago to over 16 billion revenue passenger miles. Google Inc (NASDAQ: GOOG) has urged for the dismissal of copyright claims filed by Oracle Corp (NASDAQ: ORCL)...

Shares of Sara Lee Corp (NYSE: SLE) advanced after a report that the company has rejected a buyout offer of $12 billion from Kohlberg Kravis Roberts & Co. SLE shares are up about 8% following the report. Shares of Canada are down, with Toronto's main stock index dropping after decline in the US...

Natural-gas futures increased their losses, following the government report depicting a larger-than-expected increase in inventories. Natural gas for November delivery fell about 3.7%. The Energy Information Administration (EIA) reported that natural-gas supplies moved up 74 billion cubic feet for...

Gold futures moved down after reaching $1,315 previously in the day. Gold for December delivery fell $0.30 to $1,308 an ounce on the Comex division of the New York Mercantile Exchange (NYMEX). Silver maintained its 30-year high, with its December contract moving up $0.08 to $21.79 an ounce. Shares...

Shares of Endo Pharmaceuticals Holdings Inc (NASDAQ: ENDP) surged about 8.5% after the company agreed to acquire Qualitest Pharmaceuticals from private-equity firm Apax Partners for $1.2 billion to expand its business in the generic and pain drug markets. Buddy Gumina, partner and co-head of global...

Gold futures fluctuated today to settle at $1,298.70 an ounce on the Comex division of the New York Mercantile Exchange (NYMEX), after hitting an intraday high of $1,301.30 an ounce. However, Silver kept its 30-year high as its December contract gained 0.2% to $21.45 an ounce. Analysts at...

Shares of Texas Instruments Inc (NYSE: TXN) gained about 1.9% after the Standard & Poor's upgraded the long-term corporate credit rating on the company from “A” to “A+” due to the conservative financial policies of the company. The outlook on the company's rating is stable. S&P credit...

US Financial shares performed the worst in the S&P 500 today. The decliners in the list were Morgan Stanley (NYSE: MS), Goldman Sachs (NYSE: GS), Citigroup (NYSE: C) and Bank of America Corp (NYSE: BAC). Shares of regional banks like Zions Bancorp (NASDAQ: ZION) and Marshall & Ilsley Corp (...

Gold futures declined, one day after closing at a record high level as investors were cautious ahead of the Federal Reserve's decision on the monetary policy. Gold for December delivery lost about 0.42%. Kitco Metals analyst Jon Nadler said, “Not much here that can be labeled as anything...