The markets reopened after the holiday weekend, mixed, and continued to fluctuate throughout the day.
Investors took in more earnings reports from several companies today, including Johnson Controls (NYSE:JCI) posting an increase in it's second quarter, with a 22 percent increase in revenue, that exceeded expectations. Shares are trading down today, despite the positive results.
Also reporting strong profits for the fiscal second quarter was International Game Technology (NYSE:IGT), prompting the S&P Equity to raise it's rating from "sell" to "hold".
RadioShack (NYSE:RSH) reported a 30% decline in first quarter earnings today.
Sales rose 4%, to $1.06 million, just shy of analyst forecasts.
In M&A news, the Tenet Healthcare's (NYSE:THC) board of directors said it has once again, rejected Community Health Systems' (CYH) takeover offer for the company. Tenet said the revised big still grossly undervalues the company, and is not in the best interest of shareholders.
Tomorrow, investors will keep a close eye on the Federal Reserve's policy meeting, as well as more earnings results from Coca Cola (NYSE:KO), Ford (NYSE:F), and 3M (NYSE:MMM).
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