Wall Street was up in Tuesday premarket trading ahead of tomorrow's interest rate decision and the announcement of the new Federal Reserve chairman on Thursday. Further, the consumer confidence index rose more than expected in October to 125.9.
Shares of Pfizer Inc. (PFE, Financial) were up in premarket trading, but declined after the opening bell. The company reported financial results for its third quarter. EPS of 67 cents beat estimates by three cents and revenue of $13.17 billion was in line with expectations and increased 1% year over year. Operational growth reached $178 million, but was offset by the negative impact of foreign exchange.
During the first nine months of the year, the company repurchased $5 billion worth of its common stock. Further, it returned $10.8 billion to shareholders via dividend payments.
Gainers
- Rockwell Automation Inc.”‹ (ROK, Financial)
- Mosaic Co. (MOS)”‹
- Kellogg Co. (K, Financial)
- Mondelez International Inc. (MDLZ)”‹
- Micron Technology Inc. (MU, Financial)
- Wynn Resorts Ltd. (WYNN)
- Xylem Inc. (XYL, Financial)
Losers
- Under Armour Inc. (UAA, Financial) (UA, Financial)
- Qualcomm Inc. (QCOM, Financial)
- Mattel Inc. (MAT, Financial)
- Archer Daniels Midland Co. ”‹(ADM)
- Alexion Pharmaceuticals Inc. (ALXN)
- Cummins Inc.”‹ (CMI, Financial)
Global markets
The main European stock markets traded higher. The U.K.'s FTSE 100 gained 0.02%, France's CAC 40 was up 0.12%, Germany's DAX climbed 0.09% and Spain's IBEX 35 jumped 0.58%.
In Asia, Japan's Nikkei 225 closed flat, India’s BSE Sensex declined 0.16% and Hong Kong's Hang Seng fell 0.32%, while China's Shanghai Composite gained 0.09%.
Disclosure: The author holds no positions in any stocks mentioned.
