MARKET PULSE- Goldman Sachs, IBM, Overstock, Keryx, Aegean Marine

Thu Oct 17, 2013 12:01pm EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

U.S. stocks edged higher on Thursday as investors weighed the impact of an agreement by lawmakers in Washington to reopen the federal government and raise the U.S. debt ceiling, but disappointing earnings from IBM weighed on the Dow.

The Dow Jones industrial average fell 0.35 percent, the S&P 500 gained 0.21 percent and the Nasdaq Composite added 0.28 percent.

** GOLDMAN SACHS GROUP INC, $158.58, down 2 pct (9:58 a.m. ET)

The bank's third-quarter profit fell 2 percent as weak bond-trading volumes hit revenue in its biggest business. Revenue from Goldman's fixed income, currency and commodities business, which undertakes trading for clients, fell 44 percent to $1.25 billion in the quarter ended Sept. 30.

** IBM, $175.20, down 6 pct (9:58 a.m. ET)

The company reported a 4 percent fall in third-quarter revenue, worse than expected by Wall Street, amid a decline in hardware and emerging markets even as it beat earnings estimates. [ID: nL1N0I620T]

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