Following the market opening Thursday morning, the Dow traded
down 0.18 percent to 13,532.47 while the NASDAQ fell 0.61 percent
to 3,085.33. The S&P also fell, decreasing 0.34 percent to
As a heads up, NPS Pharmaceuticals (NASDAQ:
) is currently halted, awaiting results from the FDA panel this
The FDA panel discussed a drug released Isis Pharmaceuticals
) Tuesday, and after announcing that it caused abnormal growths,
shares of the company dropped 20 percent in intraday trading.
Aegerion Pharmaceuticals' drug was also reviewed by the FDA
panel, receiving a 13-2 vote in its favor, causing a rally in its
Equities Trading UP
Juniper Networks (NYSE:
) traded up 5.13 percent to $18.20 in early trading following a
rumor that the company may be seeking acquisition by EMC (NYSE:
WESCO International (NYSE:
) was also up, increasing 11.63 percent to $63.82 following an
earnings beat and reports that it would be acquiring EECOL
Electric for $1.16 billion.
Shares of Ethan Allen (NYSE:
) saw a boost as well, rising 16.72 percent to $27.50 following a
solid earnings beat after the close Wednesday.
Equities Trading DOWN
) took a hit in early trading, falling 24.81 percent to $1.96
after the company announced the pricing of its public offering of
stock and warrants Thursday morning.
Align Technology (NASDAQ:
) also fell, trading down 24.69 percent to $26.67 after Cantor
Fitzgerald and Jefferies & Co. both lowered their price
targets on the company.
Shares Mellanox Technologies (NASDAQ:
) dropped 19.48 percent to $79.03 despite and earnings beat
Wednesday, after FBN lowered its price target on the company from
$140 to $110.
In commodity news, Oil traded down 1.09 percent to $91.12, while
Gold traded down 0.50 percent to $1,746.40.
Silver traded down 0.31 percent Thursday Morning to
European markets have been mixed Thursday morning as they brace
for the Eurogroup summit later in the day. Spanish and Italian
indexes fell slightly, while the German DAX rose slightly.
In economic news, continuing jobless claims were reported, coming
in at 3.252 million, slightly below the expected 3.275 million,
and below the prior figure of 3.281 million. Initial jobless
claims were also released, coming in at 388 thousand, above the
expected 365 thousand, and a fair amount above the prior report
of 342 thousand.
The Philadelphia Fed Index came in at 5.7, far above the
expected 1.0 and the previous report of -1.9. The Bloomberg
consumer comfort index was also reported, coming in at -34.8,
above the prior figure of -38.5.
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