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Dow member DuPont
) plunged nearly 9% after it slashed its annual forecast and announced 1,500 job cuts following a quarter that badly disappointed on both the top and bottom lines.
Fellow Dow component 3M
) also cut its profit expectations for this year because of what it calls "current economic realities" and shares slid 3%.
), the third Dow member to report, was down about 1% after reporting adjusted earnings that beat expectations and backing its full-year earnings outlook.
United Parcel Service
) advanced over 2.5% after it narrowed its 2012 profit outlook after posting Q3 earnings that matched consensus estimates amid higher export volumes in Asia and a gain in U.S. package volumes.
Royal Bank of Canada
) agreed to acquire the Canadian operations of Ally Financial, the U.S. auto lender majority owned by the U.S. Treasury, for a $1.4 billion investment net of excess capital.
) struck a deal to sell its credit card portfolio to TD Bank
Among the notable market gainers Tuesday were ARM Holdings
), up 9%, Coach
), up 8%, and Yahoo
), up 5%, after their earnings reports.
Among the noteworthy losers was Star Scientific
), down 7% after Reynolds American
) confirmed that it had paid the company only $5M in Q3 related to their patent settlement. Also lower were shares of Monster Beverage
), which sunk another 9% after being down yesterday as analysts expressed caution today about the company's outlook.