MARKET PULSE-Coca-Cola, Liquidity Services, homebuilder stocks

Tue Jul 16, 2013 11:18am 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, r.reuters.com/pyq69t)

July 16 (Reuters) - Some U.S. stocks on the move on Tuesday:

WALL ST LITTLE CHANGED AFTER EIGHT-DAY RUN

Stocks were little changed on Tuesday due to profit-taking after the S&P 500's eight-day advance and investor caution ahead of the Federal Reserve Chairman's congressional testimony. The Dow Jones Industrial Average was up 0.04 percent. The Standard & Poor's 500 Index gained 0.09 percent. The Nasdaq Composite Index was down 0.03 percent.

** COCA-COLA CO, $40, down 2 pct (1110 ET)

The food and beverage company said its quarterly profit fell due to ongoing economic malaise and unusually poor weather, sending its shares down. Net income dipped to $2.68 billion, or 59 cents per share, in the second quarter, from $2.79 billion, or 61 cents per share, a year earlier, it said on Tuesday. Excluding items, earnings were 63 cents per share, in line with the average analyst estimate, according to Thomson Reuters I/B/E/S. Revenue dropped 3 percent to $12.75 billion.

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