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The Nasdaq 100 Index gained 0.3% Tuesday to close at an all-time high for the first time since the technology-heavy index previously peaked on March 27, 2000, at 4,704.73. Of the index’s 20 biggest components by market capitalization, only Alphabet Inc.’s stock closed at a record on Tuesday, while the shares of three others–Amazon.com Inc. , Priceline Group Inc. and Costco Wholesale Corp. –pulled back slightly from records reached on Monday. Meanwhile, the Nasdaq 100’s intraday high of 4,735.31 was still well below the all-time intraday high of 4,816.35 reached on March 24, 2000. The broader Nasdaq Composite’s is 1.4% below its July 20 record close of 5,218.86, which is 3.3% above its dot-com-bubble-era peak of 5,048.62 on March 20, 2000.

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From:: Stock Market News

Shares of United States Steel Corp. sank in Tuesday’s extended session after the steel maker’s quarterly results undershot expectations significantly. U.S. Steel reported its third-quarter loss narrowed to $173 million, or $1.18 a share, from $207 million, or $1.42 a share, a year earlier. On an adjusted basis, the company would have lost 70 cents a share, worse than the loss of 21 cents a share forecast by analysts in a FactSet survey. Revenue shrank to $2.83 billion from $4.59 billion. Analysts had expected revenue of $2.92 billion. “Our cost reduction efforts and increasing Carnegie Way benefits are not yet able to fully mitigate the unfavorable commercial impacts and we now expect our full-year adjusted earnings before interest, income taxes, depreciation and amortization to be approximately $225 million,” said the company in a statement. U.S. Steel shares slumped 10% in after-hours trading.

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From:: Stock Market News

Zillow Group Inc. shares rose in the extended session Tuesday after the real-estate website topped Wall Street earnings estimates for the quarter. Zillow shares advanced 3.3% to $30.48. The company reported adjusted third-quarter earnings of 7 cents a share on revenue of $176.8 million. Analysts surveyed by FactSet had forecast a loss of 4 cents a share on revenue of $176.5 million.

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From:: Stock Market News

Shares of Herbalife Ltd. fell in Tuesday’s extended session after the nutrition products company reported below-expected global sales. Herbalife said its third-quarter earnings jumped to $93.6 million, or $1.09 a share, from $11.2 million, or 13 cents a share, a year ago. On an adjusted basis, the company would have earned $1.28 a share, better than the $1.05 a share forecast by analysts in a FactSet survey. Net sales fell 12% to $1.1 billion, missing analysts’ forecast of $1.15 billion. Herbalife raised its 2015 adjusted earnings outlook to a range of $4.65 to $4.75 from the previous forecast of $4.50 to $4.70. Herbalife shares fell 3.2% in after-hours trading.

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From:: Stock Market News

Groupon Inc. named a new CEO and issued a weak outlook late Tuesday, while topping Wall Street estimates for earnings but not revenue. Groupon shares were halted at $4.06. The online deal company expects between an adjusted fourth-quarter loss of 1 cents a share to earnings of 1 cent a share on revenue of between $815 million and $865 million. Analysts surveyed by FactSet forecast 7 cents a share on revenue of $956.8 million. Groupon announced that Chief Operating Officer Rich Williams will become chief executive, replacing Eric Lefkofsky, who will become chairman. The company reported third-quarter adjusted earnings of 5 cents a share on revenue of $713.6 million. Analysts had forecast earnings of 2 cents a share on revenue of $732.7 million.

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From:: Stock Market News

Avis Budget Group Inc.’s stock plunged $5.95, or 11%, on Tuesday, in the wake of the car rental’s company disappointing third-quarter results and outlook released late Monday. Based on the divisor used to calculate the Dow Jones Transportation Average , which is a price-weighted index, Avis’s stock price decline shaved 36.24 points off the Dow transports’ price. Coincidentally, the Dow transports fell 36.24 points Tuesday, or 0.4%, while the Dow Jones Industrial Average gained 89.39 points, or 0.5%. Among other Dow transports components, the shares of Expeditors International of Washington Inc. fell 2.1% and JetBlue Airways Corp. shed 1.2%, while Kansas City Southern’s stock climbed 2.2%.

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From:: Stock Market News

Etsy shares fell 7% after hours Tuesday after the company reported third-quarter earnings. Etsy reported a net loss of $6.9 million, or a loss of 6 cents per share, compared to a loss of $6.3 million, or a loss of 15 cents per share in the year-earlier period. The FactSet consensus was an adjusted loss per share of 4 cents. Etsy reported revenue of $65.7 million, up from $47.6 million and below the FactSet consensus of $66.4 million. The company reported gross merchandise sales of $568.8 million, up 22% from the third quarter of 2014, which Etsy said was driven by 19.4% year-over-year growth in active sellers and 24.9% in active buyers.

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From:: Stock Market News

U.S. stocks closed modestly higher Tuesday, boosted by a rally in energy shares. The volatile energy sector rose 2.5% following a jump in oil prices. Modest gains on Wall Street come on the heels of a big rally on Monday. The S&P 500 added 5.73 points, or 0.3%, to 2,109.78. The Dow Jones Industrial Average gained 89.39 points, or 0.5%, to 17,918.15. The Nasdaq Composite ended the day up 17.98 points, or 0.4%, at 5,145.13.

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From:: Stock Market News

WASHINGTON (MarketWatch) — U.S. auto sales climbed to a 10-year high in October, according to data tabulated by Autodata. The seasonally adjusted annual rate improved to 18.24 million in September from 18.17 million in August. That’s above the 17.6 million rate expected in a MarketWatch-compiled economist poll.

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Crude-oil futures rebounded Tuesday, buoyed by diminished production in Brazil and a port blockage in Libya. Nymex West Texas Intermediate oil for December delivery rose $1.76, or 3.8%, to settle at $47.90 a barrel. Libya’s oil produciton will drop by about 70,000 barrels a day to less than 400,000 barrels a day after an export terminal was blocked by an armed militia, according to The Wall Street Journal. Also, a strike by Brazil’s largest public-sector union is taking a toll on production in that country.

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From:: Stock Market News