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Midway through trading Tuesday, the Dow traded down 0.11 percent to 17,211.93 while the NASDAQ slipped 0.55 percent to 4,878.67. The S&P also fell, dropping 0.19 percent to 2,029.73.
Leading and Lagging Sectors
In trading on Tuesday, utilities shares jumped by 0.60 percent. Top gainers in the sector included
Empresa Distribuidora y Cmrz Nrt SA(ADR) EDN, up 4 percent, and
NRG Energy Inc NRG, up 3 percent.
In trading on Tuesday, healthcare shares dipped by 1.59 percent. Meanwhile, top losers in the sector included
Horizon Pharma PLC HZNP, down 18 percent, and
Depomed Inc DEPO, off 14 percent.
Top HeadlineHarley-Davidson IncHOG dropped over 7 percent in pre-market trading after the company reported weaker-than-expected earnings for the third quarter and lowered its motorcycle shipment outlook for the full year.
The Milwaukee, Wisconsin-based company posted quarterly net income of $140.3 million, or $0.69 per share, compared to $150.1 million, or $0.69 per share, in the year-earlier period.
Its consolidated revenue rose to $1.32 billion from $1.30 billion. However, analysts were expecting earnings of $0.78 per share on revenue of $1.21 billion.
Equities Trading UP Energy Recovery, Inc.ERII shares shot up 182 percent to $6.94 after the company reported that it has signed a 15-year license with
Schlumberger Limited. to provide exclusive rights to its vorteq hydraulic fracturing technology.
Shares of
Weight Watchers International, Inc.WTWLoading...
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got a boost, shooting up 24 percent to $17.25. Barclays upgraded Weight Watchers from Underweight to Equal-weight and raised the price target from $5.00 to $14.00.
Helix Energy Solutions Group IncHLX shares were also up, gaining 33 percent to $6.86 after the company posted upbeat Q3 earnings.
Equities Trading DOWN Rambus Inc.RMBS shares tumbled 26 percent to $10.27 after the company reported downbeat revenue for the third quarter and issued a weak revenue forecast. The company also announced plans to cut 8 percent of staff.
Shares of
Progressive Waste Solutions Ltd (USA)BIN were down 18 percent to $22.13 on weak revenue forecast for the third quarter.
Harley-Davidson IncHOG was down, falling 16 percent to $47.11 after the company reported weaker-than-expected earnings for the third quarter and lowered its motorcycle shipment outlook for the full year.
Commodities
In commodity news, oil traded down 0.31 percent to $45.75, while gold traded up 0.23 percent to $1,175.50.
Silver traded down 0.20 percent Tuesday to $15.81, while copper fell 0.17 percent to $2.36.
Eurozone
European shares were lower today. The eurozone's STOXX 600 declined 0.43 percent, the Spanish Ibex Index fell 1.05 percent, while Italy's FTSE MIB Index dipped 0.67 percent. Meanwhile, the German DAX slipped 0.16 percent, and the French CAC 40 dropped 0.64 percent, while U.K. shares fell 0.11 percent.
Economics
U.S. housing starts climbed 6.5 percent to an annual rate of 1.21 million in September. However, economists were expecting a starts rate of 1.14 million.
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Posted In: EarningsNewsGuidanceEurozoneCommoditiesGlobalIntraday UpdateMarketsMoversMid-Day Market Update
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