Toward the end of trading Tuesday, the Dow traded down 0.32 percent to 21,559.58 while the NASDAQ climbed 0.30 percent to
6,333.59. The S&P also fell, dropping 0.05 percent to 2,457.94.
Leading and Lagging Sectors
Non-cyclical consumer goods & services shares rose by 0.27 percent in the US market on Tuesday.
In trading on Tuesday, basic materials shares fell 0.44 percent. Meanwhile, top losers in the sector included Haynes
International, Inc. (NASDAQ: HAYN), down 5 percent, and
Gibraltar Industries Inc (NASDAQ: ROCK), down 4
percent.
Top Headline
Bank of America Corp (NYSE: BAC) reported
better-than-expected profit for its second quarter.
Bank of America posted quarterly adjusted earnings of $0.46 per share on revenue of $22.8 billion. However, analysts were
expecting earnings of $0.43 per share on sales of $21.8 billion.
Equities Trading UP
Jewett-Cameron Trading Company Ltd (NASDAQ: JCTCF) shares shot up 11 percent to $13.35. Jewett-Cameron reported Q3 earnings of
$0.53 per share on revenue of $16.7 million.
Shares of Netflix, Inc. (NASDAQ: NFLX) got a
boost, shooting up 14 percent to $183.84. Netflix reported stronger-than-expected sales for its second quarter. However, the
company slightly missed earnings estimates. Netflix added 1.07 million subscribers domestically, with 4.14 users added
internationally. Rosenblatt upgraded Netflix from Neutral to Buy.
Educational Development Corporation (NASDAQ: EDUC)
shares were also up, gaining 11 percent to $11.40. Educational Development posted Q1 earnings of $0.30 per share on revenue of
$26,930,800.
Equities Trading DOWN
Tile Shop Hldgs, Inc. (NASDAQ: TTS) shares dropped
23 percent to $15.68 after the company reported downbeat Q2 results.
Shares of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) were down 16 percent to $6.09 after the company posted disappointing
quarterly earnings. Ericsson posted Q2 operating loss of 1.2 billion Swedish crowns ($145.3 million), versus a year-ago profit of
2.8 billion Swedish crowns.
Harley-Davidson Inc (NYSE: HOG) was down, falling
around 8 percent to $47.97. Harley-Davidson posted upbeat Q2 earnings, but lowered its 2017 motorcycle shipment guidance.
Commodities
In commodity news, oil traded up 0.46 percent to $46.23 while gold traded up 0.62 percent to $1,241.40.
Silver traded up 0.94 percent Tuesday to $16.25, while copper rose 0.18 percent to $2.729.
Eurozone
European shares closed lower today. The eurozone’s STOXX 600 declined 1.11 percent, the Spanish Ibex Index fell 1.19 percent,
while Italy’s FTSE MIB Index declined 0.59 percent. Meanwhile the German DAX dropped 1.25 percent, and the French CAC 40 slipped
1.09 percent while U.K. shares fell 0.19 percent.
Economics
The import price index declined 0.2 percent for June, versus economists’ expectations for a 0.2 percent drop. The export price
index slipped 0.20 percent last month.
The Johnson Redbook Retail Sales Index dropped 1.3 percent during the first two weeks of July versus June.
The NAHB housing market index dropped to 64.00 in July, versus prior reading of 67.00. Economists expected a reading of
67.00.
The Treasury International Capital report for May is schedule for release at 4:00 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.