Market movers
Dow Jones: 13,552 (+0.95%)
Nasdaq: 3,101 (+1.20%)
S&P 500: 1,455 (+1.03%)
LONDON (SHARECAST) - US stocks rose strongly on Tuesday with the Dow Jones Industrial Average posting its biggest gain in over a month on some robust corporate earnings and improving newsflow from the Eurozone.
"Global markets roared with optimism today as investors adopted a risk-on attitude thanks to strong US corporate results," said financial trade Shavaz Dhalla from Spreadex. According to Thomson Reuters Starmine data, over two-thirds of US companies that have reported earnings so far have either met or beaten expectations.
Dhalla said: "Thus, in the context of tightening regulations, banking scandals and countries nearing the end of their financial tether, investors can at least take comfort in the fact that many US companies are still managing to ride the current slowdown in global growth surprisingly well."
Meanwhile, news that Spain may be nearing a bailout request and a better-than-expected reading from the German ZEW economic sentiment survey helped to ease concerns about the Eurozone.
Goldman and Citi head different ways
Investment bank Goldman Sachs finished lower despite beating estimates. The Wall Street giant announced third-quarter earnings per share of $2.85, compared with a loss of 84 cents the year before and the consensus estimate of $2.28.
Shares in banking giant Citigroup ended the day higher despite the surprise resignation of Chief Executive Officer Vikram Pandit, who led the company through the $45bn government bailout in 2008. He said in a statement that he is leaving Citi as "well-positioned for continued profitability and growth, having refocused the franchise on the basics of banking".
Meanwhile, earnings from Johnson & Johnson and Mattel beat forecasts, while UnitedHealth raised its full-year outlook.
Slightly better than expected data-points
US core consumer prices rose at a 2.0% year-on-year clip in September, as expected.
Meantime, US industrial production rose by 0.4% month-on-month in September (Consensus: 0.2%).
Long-term capital inflows increased to $90b in August (Consensus: $45.3bn), after $67.2bn.
The NAHB home-builder sentiment index gained 1 point, to 41 points, in September, its highest level since June 2006.
S&P 500 - Risers
First Solar Inc. (FSLR) $24.09 +8.27%
Murphy Oil Corp. (MUR) $63.74 +8.03%
Fossil Inc. (FOSL) $91.30 +7.30%
Cliffs Natural Resources Inc. (CLF) $44.07 +7.12%
Dow Chemical Co. (DOW) $29.91 +5.61%
Mattel Inc. (MAT) $37.20 +5.04%
Phillips 66 Common Stock (PSX) $46.49 +4.75%
State Street Corp. (STT) $43.53 +4.69%
LSI Corporation (LSI) $6.82 +4.60%
Gannett Co. Inc. (GCI) $18.63 +4.37%
S&P 500 - Fallers
PNC Financial Services Group (PNC) $60.40 -4.02%
Regions Financial Corp. (RF) $7.11 -3.79%
Omnicom Group Inc. (OMC) $50.73 -3.30%
Forest Laboratories Inc. (FRX) $35.43 -3.20%
W.W. Grainger Inc. (GWW) $209.58 -2.91%
Metropcs Communications Inc. (PCS) $11.02 -2.74%
Advanced Micro Devices Inc. (AMD) $2.68 -2.55%
Fifth Third Bancorp (FITB) $15.01 -2.34%
First Horizon National Corp. (FHN) $9.38 -2.19%
SunTrust Banks Inc. (STI) $28.55 -1.89%
Dow Jones I.A - Risers
Intel Corp. (INTC) $22.35 +2.85%
Caterpillar Inc. (CAT) $84.96 +2.60%
United Technologies Corp. (UTX) $77.60 +1.90%
American Express Co. (AXP) $58.63 +1.81%
Boeing Co. (BA) $73.48 +1.70%
Cisco Systems Inc. (CSCO) $18.85 +1.63%
Alcoa Inc. (AA) $8.94 +1.59%
3M Co. (MMM) $94.23 +1.55%
E.I. du Pont de Nemours and Co. (DD) $49.74 +1.49%
Johnson & Johnson (JNJ) $69.55 +1.38%
Dow Jones I.A - Fallers
Verizon Communications Inc. (VZ) $44.08 -0.94%
Coca-Cola Co. (KO) $37.90 -0.60%
Wal-Mart Stores Inc. (WMT) $76.91 -0.31%
Mondelez International Inc. (MDLZ) $27.17 -0.18%
Microsoft Corp. (MSFT) $29.49 -0.07%
Nasdaq 100 - Risers
Fossil Inc. (FOSL) $91.30 +7.30%
Mattel Inc. (MAT) $37.20 +5.04%
Intuitive Surgical Inc. (ISRG) $533.18 +4.03%
Avago Technologies Ltd. (AVGO) $34.35 +3.50%
Broadcom Corp. (BRCM) $34.25 +3.41%
Sears Holdings Corp. (SHLD) $62.17 +3.07%
F5 Networks Inc. (FFIV) $101.19 +2.93%
Nvidia Corp. (NVDA) $13.16 +2.89%
Marvell Technology Group Ltd. (MRVL) $8.96 +2.87%
Intel Corp. (INTC) $22.35 +2.85%
Nasdaq 100 - Fallers
Fastenal Co. (FAST) $44.92 -1.38%
O'Reilly Automotive Inc. (ORLY) $81.62 -1.08%
Warner Chilcott Plc (WCRX) $12.83 -0.93%
Activision Blizzard Inc. (ATVI) $11.24 -0.62%
Apollo Group Inc. (APOL) $27.49 -0.61%
Priceline.Com Inc. (PCLN) $597.67 -0.56%
Baidu Inc. (BIDU) $113.38 -0.39%
Garmin Ltd. (GRMN) $39.97 -0.35%
Mondelez International Inc. (MDLZ) $27.17 -0.18%
Amazon.Com Inc. (AMZN) $243.93 -0.10%
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