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Tuesday, October 26, 2010

Market Close Wrap-Up : October 26th, 2010

The major U.S. equity indices closed higher Tuesday, following disappointing earnings and news on home prices. Stocks edged back up after a decline earlier in the afternoon, following October's consumer confidence report. The Standard & Poor's/Case-Shiller home price index declined 0.2% in August. Price declines were apparent for fifteen out of the total 20 cities examined in the index. In corporate news, Kimberly-Clark Corp. (NYSE:KMB) reported a Q3 earnings miss. The company earned $469 million, or $1.14 per share, down from $582 million, or $1.40 per share in the year-ago period. Revenue rose 1% year-over-year to $5 billion. Analysts were looking for EPS of $1.28 on revenue of $5 billion. TD Ameritrade Holding Corp. (NASAQ:AMTD) reported Q4 net income of $114 million, or $0.20 per share, down from $157 million, or $0.26 per share in the year-ago period. Revenue fell nearly 8% to $609 million. Analyst expected EPS of $0.23 on revenue of $619.2 million. The Dow Jones Industrial (DJI) closed 0.05% higher at 11,169.46, the S&P500 (INX) closed 0.01% higher at 1,185.64, and the Nasdaq Composite (IXIC) closed 0.26% higher at 2,497.29.

THE STOCK MARKET FOR BEGINNERS

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