This Day On The Street
Continue to site
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

Stocks Finish Mixed After Two-Day Sandy Shutdown

Ford (F) reported earnings on Tuesday that beat analysts' estimates thanks to strong U.S. sales that overshadowed weakening sales in Europe and soft profits in South America. Shares climbed 8.2%.

The FTSE 100 in London closed down 1.2%, as the DAX in Germany gave away earlier gains to finish off 0.33%. Japan's Nikkei average rose 0.98% overnight to close at 8,9281. Hong Kong's Hang Seng rose 1%.

Gold for December delivery added $7 to settle at $1,719.10 an ounce at the Comex division of the New York Mercantile Exchange, while December crude oil contracts increased 56 cents to close at $86.24 a barrel.

The benchmark 10-year Treasury was rising 7/32, dropping the yield to 1.696%. The dollar was unchanged Wednesday, according to the U.S. dollar index .

In other corporate news, Knight Capital (KCG), the market-making firm that lost some $440 million in an August trading glitch, shut down trading Wednesday because of an electrical outage. After dipping following the announcement, shares finished up 0.38%.

PVH (PVH) agreed to buy Warnaco (WRC) for some $2.9 billion, which would bring brands such as Calvin Klein, Tommy Hilfiger and Speedo under one company.

Shares of PVH soared 20.2% on Wednesday. Warnaco shares rose 38.7% to $70.58.

MasterCard (MA) posted a $772 million third-quarter profit, or $6.17a share, up 7.8% from $716 million a year earlier. Revenue increased to $1.92 billion. A consensus of analysts expected $5.92 a share on $1.94 billion revenue.

Shares of the credit card company added 1.8%.

Visa (V) also reported quarterly net income of $1.7 billion at $2.47 a share. Shares of the credit card company were rising 1.6% in after hours trades. Shares closed in the regular session up 0.33%.

Allstate (ALL), the largest American auto and home insurer traded publicly, reported that net income rose $723 million up from $175 million a year earlier. Operating income was $1.46 a share, which beat a Bloomberg survey of economists who expected $1.13. Shares of the company were up 1.8% in after hours trades, but had settled down 0.42% during intraday trading on Wednesday.

Apple (AAPL) was having a rough day as shares slumped a day after the company announced that Scott Forstall, head of iOS, the mobile operating system, would be leaving the company. Apple's head of retail, John Browett, will also be leaving the company.

Shares lost 1.4%.

Billionaire investor Carl Icahn reported Wednesday that he held nearly a 10% stake in video streaming company Netflix (NFLX). Shares of the company soared 13.9% on the news.

-- Written by Joe Deaux in New York.

>Contact by Email.

2 of 2

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
Only $9.95
14-Days Free
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
DIS $109.53 0.00%
GM $35.59 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs