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Following the market opening Tuesday, the Dow traded up 0.28 percent to 15,588.55 while the NASDAQ dropped 0.12 percent to 3,596.17. The S&P also fell, declining 0.01 percent to 1,695.44.
Top Headline
E.I. DuPont de Nemours & Co
DD reported a drop in its second-quarter net income.
DuPont's quarterly net profit fell to $1.03 billion, or $1.11 per share, from $1.17 billion, or $1.23 per share, in the year-earlier quarter. Its adjusted operating earnings came in at $1.28 per share.
Its revenue declined to $10 billion from $10.21 billion. However, analysts were projecting earnings of $1.27 per share on revenue of $10.04 billion.
Equities Trading UP
Sourcefire
FIRE shot up 28.30 percent to $75.80 after Cisco
CSCO announced its plans to acquire Sourcefire for $2.7 billion.
Shares of CapitalSource
CSE got a boost, shooting up 21.67 percent to $11.96 after the bank agreed to be bought by PacWest Bancorp
for $2.29 billion in cash.
Array BioPharma
ARRY was also up, gaining 12.95 percent to $6.28 after the company reported mid-stage study results.
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Shares of STMicroelectronics NV
STM were down 7.46 percent to $9.06 after the company posted a Q2 loss.
Penn National Gaming
PENN was down, falling 4.78 percent to $51.40 on Q2 results.
Broadcom
BRCM shares tumbled 4.78 percent to $31.66. Broadcom is expected to post its Q2 earnings after the closing bell.
Commodities
In commodity news, oil traded down 1.25 percent to $106.70, while gold traded down 0.40 percent to $1,331.90.
Silver traded down 1.41 percent Tuesday to $20.22, while copper fell 0.05 percent to $3.18.
Eurozone
European shares were higher following some positive earnings, some strong M&A activity, and the positive Bank of Spain guidance. The Spanish Ibex Index rose 1.92 percent and the Italian FTSE MIB Index gained 0.96 percent. Meanwhile, the German DAX rose 0.28 percent and the French CAC 40 climbed 0.18 percent while U.K. shares gained 0.25 percent.
Economics
The ICSC-Goldman Sachs store sales index increased 1.4% in the week ended Saturday versus the earlier week.
The Johnson Redbook Retail Sales Index rose 0.9% for the first two weeks of July versus June.
US home prices climbed 0.7% in May versus the prior month, the Federal Housing Finance Agency reported. However, home prices increased 7.3% y/y.
The Richmond Fed manufacturing index declined to -11.00 in July, versus a prior reading of 8.00. However, economists were expecting a reading of 9.00.
The Treasury is set to auction 4-week, 52-week, and 2-year notes.
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Posted In: EarningsNewsGuidanceEurozoneCommoditiesForexGlobalEcon #sEconomicsHotIntraday UpdateMarketsMoversTech
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