Stocks Gain Before the Close
European markets were weak after Monday's advances, though pared losses after a better-than-expected ZEW economic sentiment reading from Germany and Spanish debt auction results. The FTSE closed down 0.03% and the DAX in Germany finished off 0.68%.
Gold for February delivery rose $6.20 to settle at $1,693.20 an ounce at the Comex division of the New York Mercantile Exchange, while March crude oil futures added 64 cents to close at $96.68.
The benchmark 10-year Treasury inched up 1/32 to push the yield up to 1.845%. The dollar was slipping 0.20%, according to the U.S. dollar index.
IBM(IBM) posted income of $5.39 a share on revenue of $29.3 billion. Wall Street expected the IT company to report earnings of $5.25 a share in the fourth quarter on sales of $29.1 billion. Shares were adding more than 2.5% in after hours, but rose just 0.83% during the regular session.
Chipmaker Texas Instruments (TXN) is seen earnings 34 cents a share in the fourth quarter on revenue of $2.95 billion. Shares lost 0.18%.
Shares of Research In Motion (RIMM) surged to a 13-month high on Monday in Toronto after CEO Thorsten Heins told a German newspaper the company could sell its handset business or license its software to rivals following the launch of its new BlackBerry 10 operating system, according to reports. Shares jumped 13% Tuesday.
"The main thing for now is to successfully introduce Blackberry 10. Then we'll see," said Heins in the newspaper interview.
Synovus Financial (SNV) shares sank 1.9% after the company booked better-than-anticipated fourth-quarter sales.
Satellite TV provider Dish Network (DISH) is reportedly planning to shutter about 300 Blockbuster stores across the U.S., reducing its headcount by about 3,000. Shares were down 1.1%.
Viacom(VIAB) shares have been raised to buy from neutral at Goldman Sachs , which cites strength in fundamentals and a ratings boost from fresh programming at Nickelodeon. Shares were up 1.8%.
Waters(WAT) shares slipped 0.67% after the analytical instrument manufacturer posted fourth-quarter earnings of $1.59, beating estimates by a penny. But revenue missed expectations at $521.77 million; analysts were expecting sales of $522.23 million.
TD Ameritrade (AMTD) shares popped 3.1% after the company booked better-than-expected quarterly results amid record new client assets.
-- Written by Andrea Tse and Joe Deaux in New York.
>To contact the writer of this article, click here: Andrea Tse .