The pressure is on for those earnings to support the market's current valuations, after weeks of choppy trading.» Read More
*Dow Chemical jumps on Third Point stake. *Verizon, Travelers and J&J all fall after results. The S&P materials index rose 0.6 percent as one of the best performing major S&P indexes, led by a 6.6 percent gain in Dow Chemical to $45.93.
*Dow Chemical jumps on Third Point stake. *Verizon, Travelers and J&J all fall after results. The S&P materials index rose 0.9 percent as the best performing of the 10 major S&P indexes, led by a 4.9 percent gain in Dow Chemical to $45.18.
Some of Tuesday's midday movers:
*Gold down most since start of January. Gold prices also fell on the talk of more tapering by the Fed, registering the biggest decline since the start of January. "The view out there is there's going to be continued tapering on a gradual basis," said Mike Cullinane, head of Treasuries trading with Raymond James in St. Petersburg, Florida.
Jan 21- Activist investor Daniel Loeb has taken a major stake in Dow Chemical Co, urging the largest U.S. chemical maker by revenue to spin off its lucrative but slow-growing petrochemical unit and focus on specialty materials.
*Dow Chemical jumps on Third Point stake. *Verizon, Travelers, JNJ fall after results.
Third Point Management announced on Tuesday it had taken a $1.3 billion stake in Dow Chemical.
Dan Loeb's hedge fund has taken a significant position in Dow Chemical, reports CNBC's David Faber.
Andrew Liveris, president, chairman & CEO of Dow Chemical, provides his thoughts on regulations, innovation and the outlook on the global economy.
The "Fast Money" traders share their final trades of the day.
This is Talking Squawk, the official "Squawk Box" blog, providing tidbits, insights and sarcastic reflections.
"I'm optimistic," said Diane Swonk, chief economist for Mesirow Financial in Chicago, who predicts three-percent GDP growth and the creation of up to three million jobs this year. "I haven't felt bullish in a long time," Swonk said at the annual economic outlook luncheon of the Executive Club of Chicago on Jan. 9.
As banks that comply with Islamic law are making inroads into the global banking scene, Western businesses are working to meet their expectations.
*BASF stopped growing Amflora potato in Europe in 2012. BRUSSELS, Dec 13- Europe's second-highest court has overturned a decision by the European Commission to allow the cultivation and sale of a genetically modified potato developed by German chemicals group BASF.
LONDON, Dec 11- Europe's heavy industry is firing a barrage of legal challenges to cuts in the carbon permits they will get up to 2020- subsidies worth over 4 billion euros- with at least nine firms opening the assault in a Dutch court.
*Ethylene costs $500/ T in United States, $1,200 in Europe. LONDON, Dec 5- Europe's petrochemical industry will face a competitive assault as U.S. rivals emerge with cheap feedstock from the shale gas boom. Those still in operation are struggling with losses or razor-thin margins as U.S. refiners flood Europe with cheap fuel made from low-cost shale oil and gas.
U.S. stocks fall.
NEW YORK, Dec 2- U.S. stocks were flat on Monday, in the wake of eight straight weeks of gains, after data indicated strengthening growth in manufacturing and construction spending increased.
Black Friday retail sales may have been more sizzle than steak. Traffic was up, but spending was down.
NEW YORK, Dec 2- U.S. stocks were set for a flat open on Monday, in the wake of eight straight weeks of gains, after data showed manufacturing rebounded in November and ahead of two reports which could provide some clues on the strength of the recovery.