The Dow industrials finished mostly flat Tuesday, after early gains evaporated as falling oil prices weighed on energy stocks. The evacuation of a European soccer stadium also unsettled investors, rekindling fears of Friday’s terror attacks in Paris. The Dow Jones Industrial Average DJIA, +0.04% finished 6.49 points, or less than 0.1%, higher at 17,489.50, while the S&P 500 index SPX, -0.13% closed off 2.75 points, or 0.1%, at 2,050.44. The Nasdaq Composite index COMP, +0.03% ended little changed at 4,986.
“Especially after some very depressed sentiment around the retail space the last couple of days, it was good to see some bright spots in the consumer story,” said Gabriela Santos, global market strategist at J.P. Morgan Asset Management.
An uptick in U.S. consumer prices last month suggested to some investors that the Fed will raise rates in December, and contributed to a selloff in shares of bond proxies such as utility companies and real-estate investment trusts on Tuesday, traders said. Utility companies in the S&P 500 fell 1.9%.
Shares of energy companies also pulled back as the price of oil erased Monday’s gains. U.S.-traded crude oil fell 2.6% to $40.67 a barrel. Energy stocks in the S&P 500, which jumped 3.3% on Monday, pulled back 1.2% on Tuesday.
The Labor Department said U.S. consumer prices rose in October. The consumer-price index, which measures what Americans pay for a wide range of items, is a closely watched measure of inflation. Federal Reserve officials are looking for signs that inflation is moving closer to their 2% target as they consider a possible interest-rate increase.
“In the U.S. and Europe, attention has shifted back to the domestic story,” said Ms. Santos.
Skyworks Solutions Inc (NASDAQ:SWKS) rose 2.84% or 2.13 points on Tuesday and made its way into the gainers of the day. After trading began at $75.47 the stock was seen hitting $77.79 as a peak level and $75.33 as the lowest level. The stock ended up at $77.15. The mean estimate for the short term price target for SWKS stands at $112.95 according to 22 Analysts. On Jun 19, 2015, the shares registered one year high at $112.88 and the one year low was seen on Nov 18, 2014. Skyworks Solutions Inc (NASDAQ:SWKS) together with its subsidiaries, designs, develops, manufactures, and markets analog and mixed signal semiconductors worldwide. Its product portfolio includes amplifiers, attenuators, battery chargers, circulators, DC/DC converters, demodulators, detectors, diodes, directional couplers, filters, front-end modules, hybrids, infrastructure radio frequency subsystems, isolators, LED drivers, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops/synthesizers/VCOs, power dividers/combiners, power management devices, receivers, switches, technical ceramics, and voltage regulators.
Computer Sciences Corporation (NYSE:CSC) witnessed a rise in the market cap on Tuesday as its shares jumped 2.47% or 1.70 points. After the session commenced at $70.47, the stock reached the higher end at $71.12 while it hit a low of $68.57. The 52-week low of the share price is $58.77. Computer Sciences Corporation has rose 4.09% during the last 3-month period. Year-to-Date the stock performance stands at 11.77%. The stock price is expected to reach $73.83 in the short term. The number of analysts agreeing with this consensus is 12. The higher estimate for the short term price target is at $81.00 while the lower estimate is at $65.00. On Feb 23, 2015, the shares registered one year high at $73.29 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $65.11 and the 200 Day Moving Average price is recorded at $65.31. Computer Sciences Corporation (NYSE:CSC) announced that its cloud ARCWRX Platform as a Service (PaaS) offering has received Federal Risk Authorization Management Program certification. The ARCWRX Platform was built on OpenShift by Red Hat and was certified in collaboration with Veris Group, LLC. This marks CSC’s second FedRAMP certification for the ARCWRX PaaS offering. ARCWRX, which resides on CSC’s FedRAMP-approved ARC-P platform, is the first true open source PaaS to meet strict standards for highly classified data and the necessary security control standards required for a FedRAMP Joint Authorization Board (JAB) Provisional Authority to Operate.
Banco Bradesco SA (ADR) (NYSE:BBD) traded up 2.46% during trading on Tuesday, hitting $5.83. The stock has a market cap of $29.48 million and a price-to-earnings ratio of 5.63. Banco Bradesco SA has dropped -15.01% during the last 3-month period. Year-to-Date the stock performance stands at -56.39%. The stock price is expected to reach $8.28 in the short term. The number of analysts agreeing with this consensus is 6. On Nov 21, 2014, the shares registered one year high at $16.53 and the one year low was seen on Sep 24, 2015. Banco Bradesco SA (ADR) (NYSE:BBD) provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts various deposit products, such as demand deposits, time deposits, checking accounts, savings accounts, interbank deposits from financial institutions, and accounts for salary purposes.