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20.09.2016 18:16:38

Mid-Day Market Update: Tobira Therapeutics Jumps Following Allergan Buyout; HNI Shares Slide

 Midway through trading Tuesday, the Dow traded up 0.26 percent to 18,167.66 while the NASDAQ climbed 0.17 percent to 5,243.88. The S&P also rose, gaining 0.17 percent to 2,142.85.Leading and Lagging SectorsOn Tuesday, healthcare shares gained 0.70 percent. Meanwhile, top gainers in the sector included Sarepta Therapeutics Inc (NASDAQ: SRPT), and Idera Pharmaceuticals Inc (NASDAQ: IDRA).In trading on Tuesday, cyclical consumer goods & services shares fell by 0.1 percent. Meanwhile, top losers in the sector included Ascena Retail Group Inc (NASDAQ: ASNA), down 28 percent, and HNI Corp (NYSE: HNI), down 22 percent.Top HeadlineLennar Corporation (NYSE: LEN) reported 5.6 percent year-over-year earnings growth for the third quarter driven by 14 percent uptick in top line that came in above the Street analysts' estimates.The company reported net earnings of $235.8 million, up 5.6 percent from $223.3 million while EPS advanced 5.2 percent from $0.96 to $1.01. Street analysts' expected the company to deliver an EPS of $0.90.Lennar revenue increased 14 percent from $2.49 billion to $2.83 billion thus beating the ...Full story available on Benzinga.com

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