Tuesday's Bloomberg Market Report

By: Deborah Kostroun Email
By: Deborah Kostroun Email
  • DJ Industrials: Down 32.41 to 15,451.85
  • S&P 500: Down 6.24 to 1,676.26
  • NASDAQ: Down 8.99 to 3,598.50

Here are the headlines from Tuesday's Bloomberg Market Report.

Coca-Cola said profit fell as sales slid on economic weakness in China and Europe. It was one reason stocks broke an eight-day winning streak.

If you're looking to get rich quick, Mega Millions says it will start offering larger jackpots starting in October. The redesign of the lottery will have jackpots starting at $15 million and will grow by $5 million every time the jackpot rolls over. Ticket prices will remain $1.

Do you think you're paying a lot for gas? The head of the Energy Information Administration says consumers are actually paying lower prices at the gas pump because of the increase in U.S. oil production. He said pump prices would actually be higher without the increased U.S. production.

High-end retailers are using outlet stores to increase sales and it seems to be paying off for Saks and Nordstrom. The two retailers have the largest number of outlets. Nordstrom Rack generates about 40 percent more sales per square foot than their regular stores.


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