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Weak US corporate earnings leave stocks mixed

First Published Nov 05 2013 08:07AM      Last Updated Nov 05 2013 02:37 pm
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In government bond trading, the yield on the 10-year note climbed to 2.67 percent from 2.60 percent on Monday.

The yield rose after a private survey showed that hiring and sales increased in the U.S. services sector last month. That suggests the sector wasn’t affected by the partial government shutdown. The report measures growth at companies that employ 90 percent of the workforce, including retail, construction, health care and financial services.

In the commodities markets, the price of oil fell $1.25, or 1.3 percent, to $93.37 a barrel. Gold edged down $6.60, or 0.5 percent, to $1,308.10 an ounce.

Among other stocks making big moves:



— Delphi Automotive fell $2.99, or 5.2 percent, to $55.01 after the company supplier to auto makers cut its forecast for the year and sales slid.

— CVS Caremark rose $1.24, or 2 percent, to $63.22 after its third-quarter income climbed 25 percent, beating Wall Street expectations. The drugstore operator and pharmacy benefits manager also raised its 2013 earnings forecast.

— Regeneron jumped $20.62, or 7.3 percent, to $302.32 after the pharmaceutical company posted earnings that beat analysts’ expectations. The company also reported strong growth of its eye disease drug Eylea.

 

 

 

 

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