Market Overview

Mid-Day Market Update: Hologic Shares Drop On Weak Outlook; Dish Spikes Higher

Mid-Day Market Update: Hologic Shares Drop On Weak Outlook; Dish Spikes Higher
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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 (NYSE: 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 (NASDAQ: 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 (NASDAQ: DISH) got a boost, shooting up 4.04 percent to $49.42 after the company posted a profit in the third quarter.

Assured Guaranty (NYSE: AGO) was also up, gaining 6.63 percent to $23.16 on Q3 results.

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

Hologic (NASDAQ: 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 (NYSE: YGE) was down, falling 8.36 percent to $6.36 after the company reported a wider-than-expected quarterly loss.

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.

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.

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.

Posted-In: Earnings News Guidance Eurozone Commodities Forex Global Econ #s


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