Stocks on Wall Street ended mostly higher on Tuesday ( Wednesday morning GMT ) , as investors weighed news that the company is varied and unexpected deterioration in the housing developer confidence .
The Dow Jones Industrial Average shed 23.99 points ( 0.15 percent) to 16130.40 , AFP reported .
The tech-rich Nasdaq composite index rose 28.76 points ( 0.68 percent) to 4272.78 , while the S & P 500 , a broader measure of the market , increased 2.13 points ( 0.12 percent) to 1840.76 .
" Equity indices start a short trading week on a relatively weak note , " Briefing.com analysts said in a client note . Markets were closed on Monday for the Presidents Day holiday .
The health care sector has the support of the acquisition deal news 25 billion generic drug maker Actavis Ireland buy U.S. specialty pharmaceutical company , Forest Laboratories .
Actavis will pay 89.48 dollars per share Forest , approximately 25 percent premium over the stock's closing price of Forest on Friday ( 14/2 ) . Actavis shares traded in the U.S. jumped 5.0 percent to 201.47 dollars and Forest Labs jumped 27.5 percent to 91.04 dollars .
In the seed stock Dow , Merck rose 0.5 percent and UnitedHealth Group rose 0.4 percent .
Coca - Cola is a Dow component fell the most , losing 3.8 percent after its fourth-quarter earnings failed to meet Wall Street expectations .
Shares of property developers were under pressure after the National Association of Real Estate Developer ( NAHB ) said its index of sentiment fell to 46 in February from 56 in January .
NAHB said weather conditions were unusually severe in most of the country was largely the cause of the deterioration in confidence ( sentiment ) .
Beazer Homes USA dived 2.3 percent , slumped 0.8 percent and Lennar Toll Brothers lost 0.6 percent .
Author smart phone ( smartphone ) the struggling BlackBerry Canada rose 0.9 per cent after investors activist " hedge funds " Third Point , Daniel Loeb , on Friday said it had bought a 1.93 percent stake .
IPhone maker , Apple , rose 0.4 percent helped by press reports that he is in talks to buy an electric car Tesla Motors . Tesla rose 2.8 percent .
News that the popular game developers Candy Crush , King Digital Entertainment , will be listed on the New York Stock Exchange stocks rippled through technology .
Candy Crush available on Facebook and on mobile platforms run by Apple ( up 0.3 percent ) , Google ( up 0.7 percent ) and Amazon ( down 1.0 percent ) .
Zynga , which develops Facebook games like Farmville and Mafia Wars , jumped 5.8 percent .
Bond prices rose . The yield on U.S. government 10 - year futures fell to 2.68 percent from 2.75 percent on Friday , while the 30 - year fell to 3.67 percent from 3.70 percent . Prices and bond yields move inversely .
No comments:
Post a Comment