US market 10/5/2011

   Stocks rallied for a third consecutive session amid Microsoft's $8.5 billion acquisition of Skype, strength in China's economy, and rising commodity prices

    US Auctions $32 Billion in 3-Year Notes at High Yield of 1%, Bid to Cover of 3.29

  

Stocks rose modestly amid quiet trading, as oil prices rebounded and investors took heart from a report indicating China's economy remains strong.

 

WALT DISNEY shares slumped in after-hours trading Tuesday after the Dow component posted earnings and revenue that missed Wall Street expectations.

 

Disney reported earnings of 49 cents a share. Disney earned 48 cents a share during the same period a year earlier.

Sales for the most recent quarter rose to $9.08 billion, up from $8.58 billion last year.

The company was seen earning 56 cents a share on revenue of $9.13 billion, according to a consensus estimate from Thomson Reuters.

Shares of Disney tumbled almost 3 percent in extended trading.