MARKET PULSE- Campbell Soup, LightInTheBox, Cardiome Pharma, Radcom
(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) The Dow Jones industrial average climbed above 16,000 for a second day, bolstered by a rally in Home Depot shares after stronger-than-expected earnings. The Dow Jones industrial average was up 0.16 percent, the Standard & Poor's 500 Index 0.02 percent and the Nasdaq Composite Index 0.04 percent.
** TESLA MOTORS INC, $123.94, up 2 pct (1:34 p.m. ET)
U.S. auto safety regulators have launched an investigation into the electric sports car maker's luxury Model S sedan after three car fires in six weeks, and Tesla announced it is raising the vehicle's ground clearance. The company's shares fell in premarket trading on Tuesday following the news but they were up 3.5 percent in early-afternoon dealings.
The company's shares have fallen 37 percent since reports of the first fire on Oct. 2. They had jumped almost five times in the seven months to their Oct. 1 close.
** HOME DEPOT INC, $80.69, up 1.3 pct (1:20 p.m. ET)
A recovery in the U.S. housing market helped the company to top profit and sales estimates for the third quarter, prompting the No. 1 home improvement chain to raise its fiscal-year outlook for the third time this year.