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January 23, 2013 5:58 PM EST Tweet
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End of the Day: S&P 500 up 2.3 to 1,494.81; Dow Jones up 67.1 to 13,779.33; Nasdaq up 10.5 to 3,153.67
The following is a brief summary of events moving markets today:
* Apple (Nasdaq: AAPL). Earnings. Click here for more color.
* Oh, Netflix (Nasdaq: NFLX) reported fourth-quarter results, too. Smashing views and issuing strong guidance. Just how many DVD subs did the company lose exactly? Click here to find out!
* The International Monetary Fund (IMF) cut its global growth outlook from 3.6 percent down to 3.5 percent for FY13. Dragging on expansion will be Europe, with its 17-member European Union expected to show 0.2 percent of contraction for the year. For more on the IMF outlook, click here.
* Coach (NYSE: COH) shares were pressured all session following second-quarter 2013 results. Revs of $1.4 billion, EPS of $1.23, and two percent drop in North America comps compare with the Street consensus calling for sales of $1.6 billion, EPS of $1.29, and N.A. comps rising 2.3 percent. For more on the numbers, click here.
* The U.S. House voted 285-144 to approve a suspension of the nation’s $16.4 trillion debt ceiling through May 18th in an effort to avert defaulting on current debit obligations. The debt ceiling does not authorize new spending, but rather pays for bills already accrued by the U.S. government.
* Herbalife (NYSE: HLF) was back in action Wednesday following speculation that hedge fund titan David Einhorn, of Greenlight Capital, might also be short the stock along with Pershing Square’s Bill Ackman. Long story short: he was in 2012, but no longer holds the position. Click here for more color.
* KKR & Co. L.P. (NYSE: KKR) and Nephila Capital Ltd., an investment manager focused on investing in natural catastrophe and weather risk, announced KKR’s acquisition of a 24.9 percent interest in Nephila. Shares will be acquired pro rata from Nephila management and from Nephila’s minority stakeholder, Man Group plc, which will retain an 18.75% interest. Financial terms of the transaction were not disclosed.
* Hillary Clinton’s Benghazi testimony got a little heated. For the moment, click here.
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