News Summary

The dollar recovered some its losses while the Treasury prices dropped further after retail sales and producer prices data. The November US retail sales gained 0.8% with producer prices showing a 0.8% rise. Yields on 10-year notes gained about 0.76%. The dollar index (DXY) lost about 0.03%. Against the dollar, the euro gained about 0.2316%. HCP Inc HCP agreed to purchase all of the real estate assets of HCR ManorCare Inc for $6.1 billion. HCP will be paying cash worth $3.53 billion and $852 million in stock for the same. Shares of HCP were down about 1.8%. Shares of Best Buy Co BBY lost about 14% after the company reported weaker-than-expected FQ3 results. The company's profit came in at $0.54 per share, versus $0.53 per share, in the year-earlier period. The company reported sales at $11.9 billion. However, analysts were expecting earnings at $0.60 per share on revenue of $12.5 billion. The company projected yearly profit of $3.20 to $3.40 per share. However, analysts expected profit of $3.58 per share. Read more from Benzinga's Markets.