Mid-Afternoon Market Update: Ryder System Declines On Lowered Forecast; NewBridge Bancorp Shares Spike Higher

Toward the end of trading Tuesday, the Dow traded down 0.17 percent to 17,103.06 while the NASDAQ declined 0.59 percent to 4,809.92. The S&P also fell, dropping 0.47 percent to 2,007.93. Leading and Lagging Sectors In trading on Tuesday, technology shares slipped by just 0.3 percent. Top gainers in the sector included Lattice Semiconductor LSCC, up 9 percent, and Silicom Ltd SILC, up 6 percent. In trading on Tuesday, basic materials shares dipped by 1.05 percent. Meanwhile, top losers in the sector included Vale SA (ADR) VALE, down 8 percent, and Intrepid Potash, Inc. IPI, off 6 percent. Top Headline Johnson & Johnson JNJ reported better-than-expected earnings for the third quarter and lifted its earnings forecast for the full year. However, the company reported a decline in its quarterly sales. The New Brunswick, New Jersey-based company reported quarterly net earnings of $3.36 billion, or $1.20 per share, compared to $4.75 billion, or $1.66 per share, in the year-earlier quarter. Excluding items, the company's adjusted earnings came in at $1.49 per share. Its sales dropped 7.4 percent year-over-year to $17.1 billion for the third quarter. However, analysts were expecting earnings of $1.45 per share on revenue of $17.5 billion. Equities Trading UP Wausau Paper Corp. WPP shares shot up 40 percent to $10.22 after the company agreed to be acquired by SCA for $10.25 per share. Shares of NewBridge Bancorp NBBC got a boost, shooting up 18 percent to $10.44 after the company agreed to be acquired by Yadkin Financial Corp YDKN for $11.40 per share. Molson Coors Brewing Company TAP shares were also up, gaining 10 percent to $86.76. SABMiller plc (ADR) SBMRY and Anheuser Busch Inbev SA (ADR) BUD agreed to a $106 billion merger deal. Equities Trading DOWN HeartWare International Inc HTWR shares tumbled 18 percent to $36.13 after the company said it may not re-initiate enrollment in MVAD clinical trial in November as previously expected. Shares of AIXTRON SE (ADR) AIXG were down 12 percent to $5.75 after the company lowered its FY15 guidance. Ryder System, Inc. R was down, falling 10 percent to $68.44 after the company lowered its earnings forecast for 2015. Commodities In commodity news, oil traded down 0.47 percent to $46.88, while gold traded up 0.09 percent to $1,165.50. Silver traded up 0.26 percent Tuesday to $15.91, while copper fell 1.16 percent to $2.39. Euro zone European shares closed lower today. The eurozone's STOXX 600 declined 0.92 percent, the Spanish Ibex Index fell 1.28 percent, while Italy's FTSE MIB Index dipped 0.19 percent. Meanwhile, the German DAX declined 0.86 percent, and the French CAC 40 slipped 0.97 percent, while U.K. shares fell 0.45 percent. Economics The NFIB Small Business Optimism Index rose 0.2 points to 96.1 in September. The Johnson Redbook Retail Sales Index declined 0.2 percent in the first week of October versus September.