Evening Market Wrap

Evening Market Wrap Tuesday, October 18, 2011, 17:01 Contents Commentary Economic News Corporate News Political News Commentary Stocks Close Sharply Higher After Seeing Early Weakness - U.S. Commentary After moving sharply lower in early trading, stocks staged a substantial turnaround over the course of the trading day on Tuesday. The markets benefited from a positive reaction to bank earnings as well as an upbeat report on homebuilder confidence. (Oct 18, 2011) Full Article Economic News U.S. Producer Prices Rise 0.8% In September Amid Jump In Energy Prices Driven in part by a spike in energy prices, producer prices jumped by more than expected in the month of September, according to figures released Tuesday by the Labor Department. The producer price index rose by 0.8 percent in September, according to the report, with the index showing a notable increase after holding level in August and rising by just 0.2 percent in July. (Oct 18, 2011) Full Article U.S. Homebuilder Confidence Shows Significant Improvement In October Homebuilder confidence in the U.S. has shown a significant increase in the month of October, according to a report released by the National Association of Home Builders on Tuesday, with the index of homebuilder confidence showing the biggest one-month increase in over a year. The report showed that the NAHB/ Wells Fargo Housing Market Index jumped to 18 in October from 14 in September. Economists had been expecting the index to show a more modest increase, edging up to 15. (Oct 18, 2011) Full Article Corporate News Coca-Cola Q3 Profit Grows The Coca-Cola Company's (KO) third-quarter net income attributable to shareowners of the company grew 8% to $2.22 billion from $2.05 billion last year. On a per share basis, quarterly reported GAAP earnings increased to $0.95 from $0.88 in the year earlier period. (Oct 18, 2011) Full Article Dover Acquires Oil Lift Technology Dover Corp.(DOV) announced that it has acquired Oil Lift Technology, a designer and manufacturer of progressive cavity pump products within the artificial lift systems market, based in Calgary, Alberta, Canada. Terms of the transaction were not disclosed. Oil Lift will become part of Norris Production Solutions, an operating unit within Dover's Fluid Management segment. (Oct 18, 2011) Full Article Domino's Pizza Profit Rises On Sales Growth, Tops View Domino's Pizza, Inc. (DMZ) reported Tuesday a 33 percent rise in third-quarter profit, driven primarily by domestic and international sales growth. Net revenue and profit topped the Street view. Net income for the quarter increased to $22.1 million or 36 cents per share from last year's $16.6 million or 27 cents per share. (Oct 18, 2011) Full Article Motorola Mobility Unveils MOTOACTV Motorola Mobility, Inc. (MMI) announced that it is introducing a new fitness device called MOTOACTV, a lightweight, wearable fitness performance tracker and smart music player in one. The company said to sync MOTOACTV with your PC, so you can check out the music you perform to best or track your workouts over extended time periods, set goals and even create workout competitions with your friends via the MOTOACTV Web Portal. (Oct 18, 2011) Full Article Political News Obama To Sign Free Trade Agreements On Friday U.S. President Barack Obama will sign the Korea, Panama and Colombia Free Trade Agreements and the renewal of Trade Adjustment Assistance for workers on Friday, the White House has revealed. (Oct 18, 2011) Full Article Obama Continues Jobs Push In North Carolina President Barack Obama Tuesday continued to try to increase pressure on Senate Republicans to pass a series of proposals he has said will boost the economy and promote hiring. Obama, at an event in Jamestown, North Carolina, said that his proposals, which include money for states, infrastructure spending and tax cuts, were ideas that in the past had drawn bipartisan support. (Oct 18, 2011) Full Article Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service