Investing

Tuesday Closing Bell: Market Holds Onto Early Gains

October 24, 2013: U.S. markets opened higher Tuesday morning as investors interpreted the weak non-farm payroll report to indicate a continuation of the Fed’s asset purchase program at existing levels. That’s probably a good bet at least for the next couple of months. How good? The S&P 500 index closed at an all-time high today.

European and Latin American closed mostly higher today while Asian markets were mixed.

Wednesday’s calendar includes the following scheduled data releases and events (all times Eastern).

  • 7:00 a.m. – Mortgage Bankers Association purchase applications
  • 8:30 a.m. – Import and export prices
  • 9:00 a.m. – FHFA house price index
  • 10:30 a.m. – EIA weekly petroleum status report

Here are the closing bell levels for Tuesday:

  • S&P500 1754.67 (+10.01; +0.57%)
  • DJIA 15467.46 (+75.26; +0.49%)
  • NASDAQ 3929.57 (+9.52; +0.24%)
  • 10YR TNOTE 2.516% (+0.78125)
  • Gold $1,342.60 (+26.80; +2%)
  • WTI Crude oil $97.80 (-1.42; -1.4%)
  • Euro/Dollar: 1.3784 (+0.0102; +0.74%)

Big Earnings Movers: Netflix Inc. (NASDAQ: NFLX) is down 9% at $322.99 after a stellar report and some cautionary comments from the CEO. VMware Inc. (NYSE: VMW) is up 2.9% at $85.01 after a very positive report. Delta Air Lines Inc. (NYSE: DAL) is up 3.3% at $25.51 after a solid quarter. Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) is up 3.7% at $36.35 on an earnings boost from its recent oil and gas acquisitions. RadioShack Corp. (NYSE: RSH) is down 17.9% at $2.89 after a reporting dismal results.

Stocks on the Move: Alcoa Inc. (NYSE: AA) is up 9.1% at $9.38 after posting a new 52-week high of $9.63 earlier today. Endeavour International Corp. (NYSE: END) is down 14.3% at $6.05 after failing to get any appreciable results from its strategic review. E-commerce China Dangdang Inc. (NYSE: DANG) is down 13.4% at $10.05 after issuing a warning on third-quarter earnings.

In all, 415 NYSE stocks put up new 52-week highs today, while only 4 stocks posted new lows.

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.