Stocks Succumb to Late Selloff
The FTSE 100 in London settled up 0.32%, while the DAX in Germany finished up 0.08% on Tuesday. Japan's Nikkei average settled down 0.18% and Hong Kong's Hang Seng closed lower by 1.13%.
The ZEW German economic-expectations index showed a decline in November versus the forecasts for an improvement.
Gold for December delivery slid $6.10 to settle at $1,724.80 an ounce at the Comex division of the New York Mercantile Exchange, while December crude oil contracts fell 19 cents to close at $85.38.
The benchmark 10-year Treasury was unchanged, stalling the yield at 1.594%. The dollar was up incrementally, according to the U.S. dollar index.
In corporate news, Dick's Sporting Goods (DKS) shares rose 4.7% after the company announced better-than-expected third-quarter earnings. Same-store sales grew 5.1%.
Michael Kors (KORS) shares bumped up 0.85% after the luxury goods maker reported better-than-expected quarterly results and lifted its full-year earnings projection, and reported strength in its flagship brand.
Yahoo! (YHOO) is preparing to launch a major overhaul of Yahoo Mail, which sources told AllThingsD said has a cleaner, "more Gmail-like" look.
Citing sources, AllThingsD said the overhaul has been initiated by new CEO Marissa Mayer and is being made to better compete with the fast-growing mail offering from Google. Shares rose 1.9%.
TJX (TJX) shares gained 2.7% after the off-price apparel and home fashions retailer increased its full-year projection by a penny after topping third-quarter expectations. The company said customer traffic was up at all divisions in the U.S., Canada and Europe, driving comparable-store sales increases.
Shares of Hologic (HOLX) slid 0.69% after the medical products supplier catering to the health care needs of women provided lower-than-expected current quarter outlook and reported earnings per share that were in line with estimates
-- Written by Andrea Tse and Joe Deaux in New York.
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