Evening Market Wrap

Evening Market Wrap Tuesday, October 25, 2011, 17:01 Contents Commentary Economic News Corporate News Political News Commentary Renewed Concerns About Europe Lead To Sell-Off On Wall Street - U.S. Commentary After trending higher in recent weeks, stocks moved sharply lower over the course of the trading day on Tuesday amid renewed concerns about the financial situation in Europe. Profit taking also contributed to the pullback by the markets. (Oct 25, 2011) Full Article Economic News U.S. Home Prices Show Modest Monthly Increase In August Home prices in major U.S. metropolitan areas saw a modest monthly increase in August, according to a report released by Standard & Poor's on Tuesday, although prices continued to show a significant decrease compared to the same month a year ago. (Oct 25, 2011) Full Article U.S. Consumer Confidence Unexpectedly Drops To Two-Year Low In October Consumer confidence in the U.S. has seen an unexpected deterioration in the month of October, according to a report released by the Conference Board on Tuesday, with the consumer confidence index dropping to its lowest level since March of 2009. The Conference Board said its consumer confidence index dropped to 39.8 in October from a revised 46.4 in September. The decrease came as a surprise to economists. (Oct 25, 2011) Full Article Corporate News BP Q3 Profit Soars BP Plc (BP, BP_UN.TO, BP.L) third-quarter profit attributable to BP shareholders climbed to $4.91 billion from last year's $1.785 billion. Third-quarter replacement cost profit was $5.14 billion, significantly higher than $1.85 billion a year earlier. (Oct 25, 2011) Full Article DuPont Q3 Profit Rises; Updates 2011 Adj. EPS View EI DuPont de Nemours & Co. (DD), commonly called DuPont, said its third-quarter net income attributable to the company grew to $452 million from $367 million a year earlier. Earnings per share for the quarter were $0.48, higher than $0.40 last year. (Oct 25, 2011) Full Article Eli Lilly Announces Withdrawal Of Xigris; Updates 2011 Forecast Eli Lilly and Co. (LLY) announced withdrawal of its Xigris product in all markets following results of the PROWESS-SHOCK study, which showed the study did not meet the primary endpoint of a statistically significant reduction in 28-day all-cause mortality in patients with septic shock. (Oct 25, 2011) Full Article Political News Perry Outlines Economic Plan, Including 20% Flat Tax In an effort to re-energize his struggling campaign for the Republican presidential nomination, Texas Gov. Rick Perry unveiled a bold economic plan Tuesday that includes scrapping the current tax code in favor of an optional 20 percent flat tax for individuals and corporations. Speaking at a plastics company in South Carolina, Perry said, "My Cut, Balance and Grow plan reorders the way they do business in Washington by reinventing the tax code and restoring our nation to fiscal health." (Oct 25, 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