Late Market Roundup (SAFM, HPQ, CSCO, INTC, PAR, DELL)

Gold futures moved down slightly today after the US dollar gained some momentum. Gold for December delivery fell 0.2% to $1,226 an ounce on the Comex division of the New York Mercantile Exchange (NYMEX). The dollar index (DXY) gained about 0.13% after opening lower. Shares of Sanderson Farms SAFM gained despite weaker-than-expected results for FQ3. The company’s net income fell 16% y/y after a decline in chicken exports as the volume of poultry processed went down. SAFM’s shares rose about 5% following the results. Technology stocks moved into the red territory after a decline in the shares of Hewlett-Packard Co HPQ, Cisco Systems Inc CSCO and Intel Corp INTC. HPQ was the top decliner in the list after it decided to bid for 3 Par Inc PAR at $24 per share, just days after Dell DELL decided to offer $18 per share for the company. Shares of PAR jumped about 43% following the news. The Treasury Department has sold Treasury Inflation Protected Securities (TIPS) worth $7 billion at a lower-than-expected yield of 1.768%. The bidders have offered to purchase 2.78 times the amount of debt sold, up from 2.23 times at the last sale in February. Indirect bidders, including foreign central banks, have purchased 38.9% of the auction, as compared to 42.4% of the last sale. Direct bidders, comprising domestic money managers, have purchased 27.9%, up from total purchases of 6.4% in February. The broader bond market stayed mostly up after the auction, to push the yields down. Yields on 2-year notes moved down about 0.8%. Read more from Benzinga's Markets.