Quick Look Market Closing Price:
At the close: Dow -0.57% to 12503. S&P -0.64% to 1316. Nasdaq -0.86% to 2819.
Treasurys: 30-year +0.61%. 10-yr +0.36%. 5-yr +0.15%.
Commodities: Crude -0.97% to $82.51. Gold +0.36% to $1619.65.
Currencies: Euro +0.54% vs. dollar. Yen -0.17%. Pound +0.34%
After Hours News:
Ctrip.com (CTRP) +3.8% AH after announcing a $300M stock buyback program, good for repurchasing 12.7% of outstanding shares at current levels. Ctrip says it will fund the buyback with available cash, but adds some of the cash will come from dividends its receives from its Chinese subsidiaries. Those dividends are subject to a 5% tax, which will hurt the company's EPS by $0.10. Ctrip shares have fallen ~40% from early March levels
United Technologies (UTX) is increasing its quarterly dividend by $0.055/share to $0.535/share. The company now sports an annual yield of 2.9%. Shares are up marginally AH
Korn/Ferry International (KFY): FQ4 EPS of $0.28 beats by $0.01. Revenue of $207.6M (+1% Y/Y) beats by $15M. Shares -2.4% AH.