Stocks Fluctuated ahead of ISM Data

U.S. stocks fluctuated in the early trading on Tuesday, as investors were awaiting data that should show healthy U.S. factory
activity in August. The Dow Jones Industrial Average lately dipped 32.76 points, or 0.19%, to 17,065.69. The S&P 500 was down 1.11 points, or 0.06%, to 2002.26. the Nasdaq Composite gained 4.32 points, or 0.09%, to 4,584.59.

U.S. home prices rose 1.2% in July to stretch year-on-year gains to 7.4%, CoreLogic said on Tuesday. Excluding distressed sales, the year-on-year gain was 6.8%.

Family Dollar Stores, Inc. (NYSE: FDO) today confirmed that it has received a revised, non-binding, unsolicited proposal from
Dollar General (NYSE: DG) to acquire all of the outstanding common shares of Family Dollar.

Burger King may have taken a lot of flack in the past week for a deal that should curb its U.S. tax bill but in many ways it is
consistent with the burger chain’s aggressive tax-reduction strategies in recent years.

Revel Casino Hotel opened with a bang a little more than two years ago amid high hopes of turning around Atlantic City’s
struggling casino market. But the $2.4 billion resort went out with a whimper in the wee hours of the morning Tuesday, as its
casino closed one day after the hotel checked out its last guest.

Norwegian Cruise Line Holdings NCLH, +11.59% said it has agreed to buy upscale cruise provider Prestige Cruises International in a cash and stock deal valued at $3.03 billion, including debt.

About the Author

has written 14556 stories on this site.

Copyright © 2012 Nine Stocks