NEW YORK-- Shares of Optimer Pharmaceuticals tumbled 6 percent Tuesday as Wall Street weighed in on the company's marketing strategy and sales of its antibacterial drug Dificid. On Tuesday Oppenheimer& Co. analyst Christopher Holterhoff downgraded Optimer shares to "Perform" from "Outperform," and said he is not convinced the plan will work.
Trades cleared through a Nasdaq-operated trading facility sparked sharp moves in either direction in a number of seemingly unrelated stocks, including Pandora Media, Nokia and the Select Sector Financial SPDR exchange-traded fund.
NEW YORK, Oct 9- U.S. stocks fell on Tuesday, led by losses in technology after brokerage downgrades of Intel and other major companies as worries increased about third-quarter U.S. earnings. The Dow Jones industrial average fell 110.20 points, or 0.81 percent, to end unofficially at 13,473.45.
NEW YORK-- Stocks are ending lower on Wall Street after a weak forecast for global growth from the International Monetary Fund. Now investors turn their attention to corporate earnings reports. Aluminum company Alcoa is set to report its results first.
In its latest forecast, the International Monetary Fund said Tuesday that the global economy is weakening and will grow more slowly in the next year. The euro fell to $1.2880 in late trading Tuesday from $1.2967 late Monday. The dollar rose to 0.9404 Swiss franc from 0.9330 Swiss franc and to 97.76 Canadian cents from 97.66 Canadian cents.
NEW YORK, Oct 9- Short interest on the Nasdaq fell 2.7 percent in late September, the exchange said on Tuesday, suggesting a decline in bearish sentiment in the stock market. As of Sept. 28, short interest slipped to about 7.401 billion shares, compared with 7.607 billion shares as of Sept. 14.
NEW YORK, Oct 9- Alcoa Inc:.
NEW YORK, Oct 9- Small- and mid-capitalization stocks fell o n Tuesday, with shares of Super Micro Computer Inc. Shares of Super Micro Computer were down 11.7 percent at $9.39 after it said revenue for its first quarter will be at the lower end of its forecast. Third-quarter results for S&P 500 companies begin after the bell with a report from aluminum company Alcoa.
*Growth, Greece worries stoke safety bids for bonds. The International Monetary Fund warned that the United States faces meager growth of about 2 percent this year and next and predicted the euro zone economy would shrink 0.4 percent in 2012. It downgraded its outlook on China, the world's second-largest economy.
NEW YORK-- Small business owners may be pessimistic about the economy and their own companies right now, but they're getting optimistic about the future. A survey released Tuesday by the National Federation of Independent Business shows that owners became more pessimistic during September as employment and sales remained weak.
NEW YORK, Oct 9- U.S. natural gas futures reversed course and ended higher on Tuesday after early selling, backed by a colder turn in computer weather model projections released at midday. "It's all about weather, and it looks like the noon run turned a bit colder for the 11- to 15- day forecast," a New York- based trader said.
*Cotton market awaits USDA supply/demand report Thursday. The benchmark contract traded in a range from 71.41- 72.53 cents, finding resistance just above the 100- day moving average at 72.39 cents.
*Terms of the deal with Phillips 66 not disclosed* Terminal has 5 million barrels of storage capacity* It is located 80 miles east of New York Harbor.
Attorney in Manhattan and the U.S. Department of Housing and Urban Development on Tuesday filed a civil mortgage fraud lawsuit against Wells Fargo& Co. The government's complaint seeks damages and civil penalties from Wells Fargo under the U.S. Wells Fargo is the No. 4 U.S. bank as measured in assets.
NEW YORK, Oct 9- A firm that reported trades to the FINRA/NASDAQ Trade Reporting Facility is reviewing transactions in at least 10 U.S.-traded securities that saw sudden, big moves on Tuesday before resuming normal trading in the latest case of odd gyrations by stocks.
ALBANY, N.Y.-- Although profits continue to grow on a still rocky Wall Street, jobs are declining along with tax revenue that's vital to the state and New York City, according to a key annual earnings and employment report released Tuesday by New York state Comptroller Thomas DiNapoli.
This year, the securities industry has lost 1,200 jobs and earned $10.5 billion in profits. Thomas DiNapoli, NY State Comptroller, offers insight on the securities industry's annual report.
By Robert Gibbons and Matthew Robinson. NEW YORK, Oct 9- Oil prices jumped on Tuesday, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East. He later told reporters that the OPEC powerhouse would prefer to see oil prices closer to $100 a barrel.
NEW YORK-- It may not qualify as a revolution, but after years of relentless bad news in the ratings, NBC has opened the new television season with some positive signs. Sunday night football leads the way, as is often the case for NBC. " While third in the ratings race last week, NBC won among viewers ages 18- to-49, the demographic where it concentrates its business.
NEW YORK, Oct 9- BNP Paribas, making good on its chief executive's promise to expand outside of its troubled European base, has filled a long-vacant senior sales position in its fixed-income business in the United States.