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The American Petroleum Institute late Tuesday reported an increase of 5.8 million barrels in U.S. crude supplies for the week ended Jan. 27, according to sources. Analysts polled by S&P Global Platts forecast a climb of 2.2 million barrels. The API data also showed a rise of roughly 2.9 million barrels in gasoline supplies and a climb of 2.3 million barrels in distillates, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. March crude was at $52.84 a barrel in electronic trading, nearly unchanged from the contract’s settlement of $52.81 on the New York Mercantile Exchange.

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From:: Stock Market News

Advanced Micro Devices Inc. shares rose in the extended session Tuesday after the chipmaker’s fourth-quarter results were in line with Wall Street estimates. AMD shares advanced 2.8% to $10.66 after hours. The company reported a loss of 1 cent per share on revenue of $1.11 billion for the fourth quarter. Analysts surveyed by FactSet had expected a loss of 1 cent per share on revenue of $1.07 billion. For the first quarter, AMD said it expects revenue to decrease 11% sequentially, plus or minus 3 percentage points, which would result in revenue of $954.6 million to $1.02 billion. Analysts expect revenue of $964 million.

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From:: Stock Market News

The Dow Jones Industrial Average may have slumped 107 points, the second-straight triple-digit loss, but market internals showed that the broad stock market actually rose. The number of advancing stocks outnumbered declining stocks by a 1,856-to-1,057 score on the NYSE and by a 1,690-to-1,100 margin on the Nasdaq exchange. And share volume in advancing stocks was 56% of total volume on the NYSE and 54% of total volume on the Nasdaq. Meanwhile, after falling 123 points on Monday, only 9 of the Dow’s 30 stocks gained ground on Tuesday. The S&P 500 slipped 0.1% on Tuesday, while the Nasdaq Composite inched up less than 0.1%.

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From:: Stock Market News

Shares of Electronic Arts Inc. were volatile in Tuesday’s extended session after the video game publisher behind such popular titles as Battlefield and FIFA 17 released its quarterly results. Electronic Arts reported its third-quarter loss narrowed to $1 million from $45 million a year earlier. On a per share basis, Electronic Arts broke even versus a loss of 14 cents in the year-ago period. Revenue rose to $1.15 billion versus $1.07 billion. In the fourth quarter, the company expects earnings of $1.64 a share and revenue of $1.48 billion. Shares swung in and out of negative territory after hours to slide 1.1%.

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From:: Stock Market News

Oil futures on Tuesday settled modestly higher, but registered a monthly drop as investors wrestled with the possible effect President Donald Trump may have on prices. West Texas Intermediate crude-oil for March delivery finished up 18 cents, or 0.3%, at $52.81 a barrel, but came off its highs of the session. For the month, oil closed off about 1.8% as concerns about U.S. shale drilling weighed, offsetting upbeat sentiment on the back of the agreement between the Organization of the Petroleum Exporting Countries and other oil producers to curb global production, which began in January.

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From:: Stock Market News

Gold futures climbed Tuesday to tally a monthly gain of roughly 5.2%–their largest such gain since June. A sharp decline in the U.S. dollar and losses in U.S. equities helped lift investment demand for the precious metal. April gold rose $15.40, or 1.3%, for the session to settle at $1,211.40 an ounce. That was the highest finish for a most-active contract since Jan. 23, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News