Mid-Day Market Update: Hologic Shares Drop On Weak Outlook; Dish Spikes Higher - Assured Guaranty (NYSE:AGO)

Midway through trading Tuesday, the Dow traded down 0.37 percent to 15,724.08 while the NASDAQ dropped 0.34 percent to 3,906.43. The S&P also fell, declining 0.40 percent to 1,764.89.

Top Headline
D.R. Horton DHI reported a rise in its fiscal fourth-quarter profit.

D.R. Horton's quarterly profit surged to $139.5 million, or $0.40 per share, from a year-ago profit of $100.1 million, or $0.30 per share.

Its homebuilding revenue rose 40 percent to $1.82 billion from $1.30 billion. However, analysts were projecting earnings of $0.40 per share on revenue of $1.82 billion.

Equities Trading UP

Heartland Express

HTLD

shot up 19.72 percent to $17.14 after the company reported that it has acquired Gordon Trucking for $300 million.

Shares of Dish Network DISH got a boost, shooting up 4.04 percent to $49.42 after the company posted a profit in the third quarter.

Assured Guaranty

AGO

was also up, gaining 6.63 percent to $23.16 on Q3 results.

Equities Trading DOWN
Shares of Rackspace Hosting RAX were down 13.47 percent to $42.67 after the company reported a 40 percent drop in its third-quarter net income.

Hologic

HOLX

shares tumbled 14.49 percent to $19.58 after the company issued downbeat outlook for fiscal 2014. Canaccord Genuity

downgraded the stock

from Buy to Hold.

Yingli Green Energy Holding Co YGE was down, falling 8.36 percent to $6.36 after the company reported a wider-than-expected quarterly loss.

Commodities

In commodity news,

oil traded down 0.98 percent

to $94.21, while gold traded down 0.46 percent to $1,275.20.

Silver traded down 1.96 percent Tuesday to $20.87, while copper fell 0.83 percent to $3.23.

Eurozone

European shares

were lower

today. The Spanish Ibex Index tumbled 0.84 percent, while Italy's FTSE MIB Index fell 0.54 percent. Meanwhile, the German DAX dropped 0.34 percent and the French CAC 40 declined 0.61 percent while U.K. shares fell 0.02 percent.

Economics
The NFIB's small-business optimism index fell to 91.6 in October, versus 93.9 in September.

The Chicago Fed National Activity Index came in at 0.14 for September. However, economists were expecting a reading of 0.15.

The ICSC-Goldman Sachs store sales index rose 1.2 percent in the week ending Saturday versus the earlier week.

The Johnson Redbook Retail Sales Index dropped 0.8 percent in the first week of November versus October.

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