BUZZ-U.S. STOCKS ON THE MOVE-Nova LifeStyle, Luxfer, Momenta, LendingClub

Tue Oct 11, 2016 2:00pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter,

U.S. stocks tumbled on Tuesday, with the S&P 500 and the Nasdaq on track for their worst day in one month, after Alcoa kicked off the earnings season on a dour note.

The Dow Jones Industrial Average was down 1.26 percent at 18,098.87, the S&P 500 was down 1.45 percent at 2,132.37 and the Nasdaq Composite was down 1.72 percent at 5,237.281.

** ALCOA INC, $28.16, -10.63 pct

The aluminum producer reported higher quarterly profit but missed expectations. The company also reported a drop in revenue as it curtailed or closed some traditional smelting operations and confronted falling prices.

** ILLUMINA INC, $137.5, -25.62 pct

The diagnostic test maker cut its third-quarter revenue estimate, citing larger than anticipated sales drop of high throughput sequencing instruments.   Continued...