Japan's Nikkei average settled down 0.12% on Tuesday and Hong Kong's Hang Seng index closed down 0.16%.
Gold for December delivery slumped $10.80 to settle at $1,723.60 an ounce at the Comex division of the New York Mercantile Exchange, while January crude oil contracts finished down $2.53 at $86.75.
The benchmark 10-year Treasury fell 16/32, boosting the yield to 1.671%. The dollar was down 0.16%, according to the U.S. dollar index.In corporate news, Best Buy (BBY) posted a third-quarter loss amid persistent sales weakness and charges tied to its restructuring plans. The stock fell 13%. Krispy Kreme Doughnuts (KKD) shares surged 1.8% after the company booked stronger earnings amid more robust same-store sales numbers. Sunshine Heart (SSH) shares gained 1.5% after the medical device maker was given unconditional approval to start a key trial for its implantable heart device by the U.S. Food and Drug Administration. Campbell Soup (CPB) posted better-than-expected first-quarter earnings of 88 cents a share, compared with the average analyst estimate of 85 cents a share, as the company generated sales growth both in its U.S. soup and sauces businesses, driven by new product introductions. The stock dipped 2%. Ketchup maker H.J. Heinz (HNZ) booked better-than-predicted fiscal second-quarter earnings as the company spoke of "dynamic growth" in the emerging markets and a favorable tax rate. Shares declined 2.2%. Credit Suisse (CS) said Tuesday it was overhauling its investment banking division and merging its private banking and wealth management arms to cut costs and satisfy regulators. The bank's American Depositary Receipts fell 1.4%. Shares of Groupon (GRPN) jumped 8.5% after hedge fund Tiger Global Management disclosed a stake of 65 million of the online deals company's class A shares. -- Written by Andrea Tse and Joe Deaux in New York.
>To contact the writer of this article, click here: Andrea Tse. Follow @Commodity_Bull
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV