Quick Look Market Closing Price:
At the close: Dow +0.45% to 12478. S&P +0.34% to 1293. Nasdaq +0.92% to 2394.
Treasurys: 30-year +0.08%. 10-yr 0%. 5-yr +0.02%.
Commodities: Crude +2.08% to $100.94. Gold +1.28% to $1651.65.
Currencies: Euro +0.54% vs. dollar. Yen +0.05%. Pound -0.06%.
After Hours News:
Linear Technology (LLTC): More on Linear Technology's (LLTC) FQ1 report: Though FQ1 EPS missed, the analog chipmaker is guiding for FQ2 revenue growth of 4%-8% Q/Q, above a consensus for a 3% increase. As a result, Linear shares are now up 8% AH. Rising in sympathy: MXIM +2.1%. ADI +2.2%. TXN +2.2%. FCS +2.3%
Samsung denies any interest in purchasing Research in Motion (RIMM). Shares surged 8% today on takeover speculation, and have given back the bulk of that gain AH, now -5.5%
BancorpSouth (BXS): Q4 EPS of $0.16 beats by $0.02. Revenue of $173.12M Shares -3.6% AH.
Cree (CREE): The company expects FQ3 revenue of $290M-$310M and EPS of $0.18-$0.25, below a consensus of $321.4M and $0.30. Its gross margin was 35.3%, down 210 bps Q/Q and 1240 bps Y/Y. SG&A expenses rose 47% Y/Y (boosted by the Rund acquisition), far outpacing revenue growth of 18%. CREE -4.9% AH. Also lower: AIXG -0.9%. VECO -2.2%