MARKET PULSE- Goldman Sachs, IBM, ParkerVision, Penn National Gaming

Thu Oct 17, 2013 1:47pm 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 rose on Thursday as investors assessed the ramifications of an agreement by lawmakers in Washington to raise the U.S. debt ceiling and end the partial shutdown of the government, but a decline in IBM pulled the Dow lower.

The Dow Jones industrial average fell 0.23 percent, the S&P 500 gained 0.46 percent and the Nasdaq Composite added 0.45 percent.

** GOLDMAN SACHS GROUP INC, $157.99, down 3 pct (12:46 p.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, $175.24, down 6 pct (12:47 p.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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