This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Dow Snags Triple-Digit Gain

The FTSE in London closed ahead by 0.8% and the DAX in Germany added 0.3%.

The benchmark 10-year Treasury fell 22/32, raising the yield to 1.665%. The dollar was off by 0.35%, according to the dollar index.

On the economic front, the National Federation of Independent Business said its small-business optimism index dipped 0.1 points in May to 94.4. The reading was above a consensus view of 94.5, according to Ian Shepherdson, chief U.S. economist at High Frequency Economics.

"This is a great relief to us; the sales and economic expectations components of the survey are sensitive to stock prices so we feared a significant decline," he wrote. "The danger is not over yet, given the variability of the links between movements in stock prices and the survey, but so far the damage is slight ... Overall, small firm recovery continues, fitfully."

Also, the Bureau of Labor Statistics reported that U.S. import prices fell 1% in May, as expected, after no change the previous month. Lower fuel and non-fuel prices contributed to the May decrease in overall import prices. Export prices also declined in May, falling 0.4% after a 0.4% increase in April.

"Overall, a modest read on inflation pressure -- keeping with the trend as energy prices continue to decline," said Ian Lyngen senior bond strategist at CRT Capital.

The Treasury Department's budget report found the May federal budget ran a deficit at $124.6 billion, which was higher against a $57.6 billion deficit during the same period a year ago.

Hong Kong's Hang Seng index settled down 0.4% on Tuesday and the Nikkei in Japan shed 1%.

July crude oil futures added 78 cents to settle at $83.48 a barrel. August gold settled up $17 at $1,613.80 an ounce.

In corporate news, FactSet Research (FDS) reported third-quarter net income Tuesday of $48 million, or $1.05 a share, up from year-earlier earnings of $43.3 million, or 92 cents a share. On average, analysts anticipated third-quarter earnings of $1.04 a share. The company anticipates fourth-quarter non-GAAP earnings per share of between $1.15 and $1.17. Analysts, on average, forecast earnings of $1.08 a share. Shares tumbled more than 12%.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BA $148.17 -0.04%
ZNGA $2.72 -1.81%
AAPL $124.24 0.70%
FB $83.01 0.11%
GOOG $555.17 -0.65%

Markets

DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs