Nike Inc beat quarterly profit expectations as deep cost cuts and lower taxes more than offset crumbling revenue in key markets like the United States and China, sending its shares up 4.4 percent.

Nike Inc. on Tuesday reported its profit was practically unchanged in its fiscal first quarter while revenue fell sharply as consumers around the globe limited their spending.

Shares of MCG Capital Corp. surged to an annual high after an analyst upgraded shares of the commercial finance company and said it should soon be in a position to reinstate its dividend.

Consumer confidence unexpectedly falls in Sept. Concerns that consumers won’t help drive a speedy and strong economic recovery only escalated Tuesday after an influential barometer of confidence fell unexpectedly in September.

Stocks fell on Tuesday as a surprise drop in a gauge of consumer confidence overshadowed signs of stabilization in housing and solid earnings from Walgreen Co .

The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:

Shares of MCG Capital Corp. surged to an annual high Tuesday after an analyst upgraded the commercial finance company’s stock and said it should soon be in a position to reinstate its dividend.

Shares of Thomas & Betts Corp. rose Tuesday after an analyst upgraded the maker of electrical components, saying the stock is attractively priced.

The battered shares of newspaper companies got a lift Tuesday after Gannett Co., the biggest publisher in the U.S., predicted third-quarter earnings well above Wall Street’s low expectations.

The NASDAQ OMX Group Inc. said Tuesday its average daily matched volume for all U.S. equities in August fell 18 percent to 1.77 billion shares from the same time a year ago.