Tiffany Shines Despite Missing Earnings, Stocks Open Higher on GDP




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Summary: Stocks were higher at the opening bell on this Tuesday after Q3 GDP posted a surprise jump to 3.9% from an initial reading of 3.5%. Home prices decelerated in September. The S&P/Case-Shiller index was up 4.9%, down from 5.9% in August but better than estimates of 4.6%. Tiffany (TIF) is up sharply in early trading despite missing its earnings. The luxury jeweler, however reported same-store sales spiked and is standing by its full year guidance. Earnings results are pushing shares of Hormel (HRL) lower. The maker of Spam and other canned meat products fell short of profit estimates and gave a disappointing 2015 forecast.