BUZZ-U.S. STOCKS ON THE MOVE-Coach, Whirlpool, Merck, IBM, gold stocks
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks held on to their gains in early afternoon trading on Tuesday, reversing earlier declines, on strong earnings from Merck, better-than-expected housing data and a dividend hike from IBM. The Dow Jones industrial average was up 0.41 percent at 18,112.24, the S&P 500 was up 0.31 percent at 2,115.54 and the Nasdaq Composite was up 0.18 percent at 5,069.584.
** INTERNATIONAL BUSINESS MACHINES CORP, $174.28, +2.08 pct
The technology services company's board approved an 18 percent increase in the company's quarterly cash dividend, its biggest increase in five years.
** COACH INC, $39.42, -6.87 pct
The Poppy handbag makers' quarterly sales fell short of estimates due to continued weak demand for its products in North America, its biggest market.
** WHIRLPOOL CORP, $185.76, -6.10 pct Continued...