Investing

Tuesday Closing Bell: Markets Close Mixed after Weak Open

November 5, 2013: U.S. markets opened lower Tuesday morning on another day with little U.S. economic data on tap. The ISM non-manufacturing PMI for October came in better than expected but had little impact on stock prices. The European Commission lowered its growth estimate from 1.2% to 1.1% for the eurozone in 2014, and that pushed European markets lower.

European and Latin American markets closed lower today while Asian markets closed mixed.

Wednesday’s calendar includes speeches by Cleveland Fed President Sandra Pianalto and the following scheduled data releases and events (all times Eastern):

  • 7:00 a.m. – Mortgage Bankers Association purchase applications
  • 10:00 a.m. – Leading indicators
  • 10:30 a.m. – EIA weekly petroleum status report
  • 3:00 p.m – Treasury STRIPS

Here are the closing bell levels for Tuesday:

  • S&P500 1792.97 (-4.96; -0.28%)
  • DJIA 15618.22 (-20.90; -0.13%)
  • NASDAQ 39339.86 (+3.27; +0.08%)
  • 10YR TNOTE 2.67% (-0.53125)
  • Gold $1,308.10 (-6.60; -0.5%)
  • WTI Crude oil $93.37 (-1.05; -1.3%)
  • Euro/Dollar: 1.3474 (-0.0040; -0.30%)

Big Earnings Movers: AOL Inc. (NYSE: AOL) is up 8.6% at $42.04 after reporting rising advertising revenues. The Mosaic Co. (NYSE: MOS) is down 1.5% at $46.05 on weak results. T-Mobile US Inc.(NYSE: TMUS) is down 0.8% at $28.12 even though subscriber numbers rose. Hertz Global Holdings Inc. (NYSE: HTZ) is down 10.5% at $21.31 after recording a $40 million dollar charge to cover a loss on the sale of its Advantage brand.

Stocks on the Move: GT Advanced Technologies Inc. (NASDAQ: GTAT) is up 20.5% at $10.10 after earnings and signing deal to supply Apple Inc. (NASDAQ: AAPL) with sapphire glass. Marvell Technology Group Ltd. (NASDAQ: MRVL) is up 8.5% at $13.03 following reports of an investment by KKR & Co. (NYSE: KKR). Oxygen Biotherapeutics Inc. (NASDAQ: OXBT) is up 62.7% at $8.38 along with other biotech stocks making big moves today.

In all, 129 NYSE stocks put up new 52-week highs today, while 30 stocks posted new lows.

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