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3 Movers of Yesterday – USG Corporation (NYSE:USG), Qihoo 360 Technology Co Ltd (NYSE:QIHU), Fitbit Inc (NYSE:FIT)

U.S. stocks closed mildly higher Tuesday, seesawing during most of the trading session as investors continued weighed a looming government shutdown and uncertainties surrounding the health of the global economy. After opening mildly higher, the Dow fell as much as 60 points in morning trading, only to reverse and trade roughly 100 points higher. However, U.S. stocks pared gains in afternoon trading to close slightly higher a day after the Dow Jones Industrial Average plunged 300 points.

Market professionals look ahead to speeches from top Federal Reserve officials this week, which could provide more clues as to the timing of the central bank’s inevitable rate hike.

The Dow Jones Industrial Average gained 47 points, or 0.3 percent, to close at 16,049. The Standard & Poor’s 500 index added edged up 2.31 points, or 0.12 percent, to finish at 1,884. However, the Nasdaq composite lost 26.65 points, or 0.6 percent, to end at 4,517.32.

A rally in biotech stocks fizzled in afternoon trading, sending the Nasdaq lower as the iShares Nasdaq biotechnology ETF lost roughly 0.5 percent, adding to losses after the ETF sank more than 5 percent a day earlier.

Seven of the 10 S&P 500 sectors closed higher, led by a roughly 1 percent gain in healthcare stocks following a recent bout of volatility, while tech stocks lost 0.5 percent. Dow components Apple Inc. (NASDAQ:AAPL) and Nike Inc. (NYSE:NKE) led the index lower, shedding roughly 3 percent and 2 percent, respectively.

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Qihoo 360 Technology Co Ltd (NYSE:QIHU) showed bearish movement during previous trade, has ended its day with a loss of -2.04% to $45.12, after opening at $46.61. A total of 2.25 million shares was exchanged during its last trading session, as compared to its average volume of 2.37 million shares. During the previous session, the company’s minimum price was $44.69, while it touched its highest price for the day at $47.23. Its earnings per share was $2.00. Qihoo 360 Technology Co Ltd (NYSE:QIHU) a leading Internet company in China, recently proclaimed that it has reached an agreement with Coolpad Group Limited (“Coolpad”) (2369.HK) to adjust their respective shareholding in Coolpad E-Commerce Inc., a joint venture between the Company and Coolpad set up in December 2014 to focus on mobile terminal products that are distributed through Internet as the primary channel. Under the agreement, the joint venture will redeem a portion of the shares held by Coolpad in consideration of the joint venture transferring back to Coolpad certain Internet operating assets related to “Coolpad” branded smartphones that Coolpad had previously contributed to the joint venture. As a result, Coolpad’s equity stake in the joint venture will be reduced to 25% from 50.5%, and the Company’s equity stake in the joint venture will be increased to 75% from 49.5%.

Has QIHU Found The Bottom and Ready To Move Up? Find Out Here

Fitbit Inc (NYSE:FIT) moved -2.41% down during prior trade and closed at the price of $35.18, after opening at $36.04. Stock traded during its last trading session with the total volume of 2.65 million shares, as compared to its average volume of 5.12 million shares. During the previous session, the company’s minimum price was $34.26, while it touched its highest price for the day at $36.27. Its earnings per share (EPS) was $0.31. Fitbit Inc (NYSE:FIT) the leader in the connected health and fitness market, recently unveiled that it supports HIPAA compliance, enabling Fitbit Wellness to more effectively integrate with HIPAA-covered entities, including corporate wellness partners, health plans and self-insured employers. The U.S. Health Insurance Portability and Accountability Act (HIPAA) is the primary U.S. law governing the security and privacy of personal health information used by health insurance plans and other covered entities.

Why Should Investors Buy FIT After the Recent Fall? Just Go Here and Find Out

USG Corporation (NYSE:USG) showed a bearish trend during the previous trading session, reported the decrease of -2.12%, to close at $25.89, and exchange hands with the overall traded volume of 2.07 million shares. During last trade, the company’s minimum price was $25.67, while it touched its highest price of $26.54. Its market capitalization was $3.96 billion. Its beta value stands at 2.20 times and its earnings per share (EPS) was $0.25. The company has the total of 145.45 million outstanding shares. USG Corporation (NYSE:USG) reported that it has entered into a definitive agreement for the sale of its interest in Knauf-USG Verwaltungs GmbH and Knauf/USG Systems GmbH & Co. KG (collectively the “Knauf-USG Joint Venture”) to Knauf Aquapanel GmbH (“Knauf”) for approximately €48 million cash. The Knauf-USG Joint Venture manufactures and distributes Aquapanel® brand cement panels throughout Europe (excluding Turkey) and all countries that were part of the former Soviet Union. USG’s equity method income in the Knauf-USG Joint Venture amounted to $2 million for the year ended December 31, 2014. Upon the close of the transaction, USG anticipates recording a $3 to $7 million gain on the disposition.

Will USG Get Buyers Even After The Recent Decline? Find Out Here

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