Stocks Rise After Debt-Ceiling Deal
Google, the search giant, posted fourth-quarter earnings growth of 12%.
Coach(COH) shares plunged 16% after the U.S. luxury handbag maker reported disappointing earnings and revenue after lackluster holiday season sales.
Cree(CREE) shares surged 22% after the LED-products maker announced stronger-than-anticipated quarterly results and provided a positive outlook.
Research In Motion(RIMM) shares were off 3.1% as a Citigroup analyst said that the recent excitement over the company's BlackBerry 10 launch was overly optimistic and advised investors not to buy into the rally. The analyst reiterated a "sell" rating and $6 price target on the stock.
-- Written by Andrea Tse and Joe Deaux in New York.
>To contact the writer of this article, click here: Andrea Tse.