PARSIPPANY, N.J.— Shares of Wyndham Worldwide Corp. rose Thursday after its first-quarter adjusted earnings beat Wall Street expectations and it raised its outlook for the year. The hotel and resort chain behind the Wyndham, Ramada, Howard Johnson and Days Inn brands said it benefited as more people booked summer vacations.» Read More
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell 3.8 percent to $34.92 with 56,542,500 shares traded. Advanced Micro Devices Inc. fell 1.2 percent to $4.25 with 28,731,400 shares traded.
Cisco Systems Inc. fell. 3 percent to $23.45 with 12,844,500 shares traded. Facebook Inc. fell 2.4 percent to $61.52 with 42,143,300 shares traded. Gilead Sciences Inc. rose 3.3 percent to $75.28 with 20,613,200 shares traded.
In Europe, rising worries over Ukraine also weighed, offsetting data that showed Germany continued to power the euro zone's recovery. Strong results from Boeing failed to inspire Wall Street investors to keep pushing equities higher.
The Dow Jones index that tracks the 10 biggest aerospace and defense companies rose 1.75 percent, driven by gains in shares of Lockheed Martin Corp, General Dynamics Corp, and Northrop Grumman Corp, which all reported higher profit and earnings per share this week.
*AT&T falls after results, but Boeing rallies. *Amgen drags biotech lower, but Gilead gains. NEW YORK, April 23- U.S. stocks edged lower on Wednesday as weakness in AT&T and biotech names inspired investors to take profits following six straight days of gains, though a rally in Boeing limited losses.
CHICAGO— Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade. Wheat for July delivery was 3.50 cents lower at 6.76 a bushel; july corn was 2.50 cents higher at 5.0450 a bushel; July oats were unchanged at 3.6375 a bushel; while July soybeans was 4.25 cents higher at 14.75 a bushel.
NEW YORK, April 23- U.S. The Commerce Department said sales of new U.S. single-family homes dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units in March, declining for a second consecutive month.
*Boeing rallies after results, outlook; AT&T drops. NEW YORK, April 23- U.S. stocks edged lower on Wednesday as strong results from Boeing failed to inspire investors to keep pushing equities higher following six straight days of gains.
ORLANDO, Fla.— Demand in emerging markets such as Turkey, China and South Africa helped Tupperware Brands Corp. post first-quarter results that beat Wall Street expectations, even as its net income fell 10 percent. Shares of Orlando, Fla.- based Tupperware Brands rose $1.33, or 1.5 percent, to $88.08 in morning trading Wednesday.
On a non-adjusted basis, however, Boeing's profit slid 13 percent to $965 million, or $1.28 per share, down from $1.11 billion, or $1.44 per share, a year earlier, the company reported on Wednesday. But analysts pointed to strong cashflow generation and Boeing's increase in share buy-backs in the quarter as reasons to push the stock higher.
NEW YORK— Stocks edged mostly lower Wednesday, breaking a six-day winning streak, as investors were disappointed by the latest round of earnings from U.S. companies. "The market, even with those six days of gains, is still struggling to choose a direction," said Joseph Tanious, a global market strategist with J.P.
*Boeing rallies after results, outlook; P&G edges down. *Key earnings on tap; Apple, Facebook out after the close. *Boeing Co reported first-quarter revenue that beat expectations and lifted its core earnings forecast to reflect a tax settlement gain, sending shares up 2.7 percent to $131.05 in premarket trading.
LONDON— Lackluster economic data out of China and the U.S. offset a string of positive developments in Europe to keep a lid on global stock markets on Wednesday following a strong run, particularly on Wall Street. In Europe, the FTSE 100 index of leading British shares closed down 0.1 percent at 6,674.74 while Germany's DAX fell 0.6 percent to 9,544.19.
By early afternoon in Europe, U.S. crude for May delivery was down 22 cents to $101.53 a barrel in electronic trading on the New York Mercantile Exchange. The report from the Energy Department's Energy Information Administration— the market benchmark— will be out later Wednesday.
April 22- Skechers USA Inc posted a near-fivefold jump in quarterly profit after its new footwear designs sold well in the United States and abroad, sending shares of the company up 14 percent after the bell. Skechers, whose larger rivals include Nike Inc and Adidas AG, said it expected U.S. and international demand to stay strong for the rest of the year.
KFC parent Yum Brands on Tuesday said first-quarter sales at established restaurants in China, its top market, rose 9 percent.
April 22- Cree Inc, a maker of light emitting diodes, reported a lower-than-expected quarterly revenue, sending its shares down 8 percent in extended trading. The company's net income rose to $28.2 million, or 23 cents per share, in the third quarter ended March 30 from $22.2 million, or 19 cents per share, a year earlier.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Harley-Davidson Inc., up $4.33 to $71.87. The Interpublic Group of Cos. Inc., up 49 cents to $17.36.
April 22- JetBlue Airways Corp pilots voted on Tuesday to join the Air Line Pilots Association union, opting to have a bargaining agent after rejecting unionization in two prior votes. Shares of JetBlue were down 1.9 percent to $8.59 in afternoon trading.
*Ukraine crisis lends some support to Brent. NEW YORK, April 22- U.S. crude futures fell on Tuesday ahead of data expected to show that inventories in the world's top oil-consuming nation have risen close to record highs.