Following the market opening Thursday morning, the Dow traded
up 0.33 percent to 13,120.69 while the NASDAQ rose 0.43 percent
to 2,994.48. The S&P also rose, increasing 0.42 percent to
As a heads up for the week, we have now entered the most busy
period of earnings season, so watch for some serious price
After the close today, both Amazon (NASDAQ:
) and Apple (NASDAQ:
) report earnings. The release will shed new light on the tablet
war between the two companies, and could provide insight into
whether or not Amazon is overtaking Apple in the struggle.
Equities Trading UP
PSS World Medical (NASDAQ:
) rocketed up 32.69 percent to $28.66 after it was announced that
the company would be acquired by McKesson for $1.46 billion
Angie's list (NASDAQ:
) saw a boost as well, trading up 24.97 percent to $11.36 after a
slight earnings beat and an upgrade at Barrington Research this
Shares 3D Systems (NYSE:
) were up as well, rising 17.62 percent to $42.25 after the
company posted an earnings beat Thursday morning.
Equities Trading DOWN
Spirit AeroSystems (NYSE:
) took a hit in early trading, falling 20.59 percent to $17.20
after the company revealed $590M in charges in its earnings
) fell 18.75 percent to $13.16 Stifel Nicolaus lowered its price
target on the company despite its strong earnings after the close
Shares of The New York Times (NYSE:
) were also trading down, falling 12.07 percent to $9.37
following the company's big earnings miss Thursday morning.
In commodity news, oil traded down 0.48 percent to $88.30, while
gold traded up 0.79 percent to $1,719.00.
Silver traded up 0.53 percent Thursday to $32.15.
In the Euro zone this morning it was announced that officials
were seeking to give Greece two more years to make the necessary
cuts to meet its budget goals. Preliminary findings from the IMF
and the Troika have shown that Greece would need between 16 and
20 billion Euros to execute this plan.
The announcement sent European markets higher, as investors
gained more confidence in the commission's ability to resolve key
matters, with much of the rise coming from Greek shares
Thursday was particularly heavy in economic news. Durable goods
orders came in at 9.9 percent, above the expected 7.5 percent,
and well above the prior figure of -13.1 percent. Durable goods
ex transportation came in at 2 percent, beating the expected 0.9
percent and the prior figure of 2.1 percent.
The Chicago fed national activity index came in flat at 0,
above the expected -0.20 and the previous number of -1.17.
Initial jobless claims were also reported, coming in at 369
thousand, slightly below the expected 370 thousand and the prior
figure of 392 thousand. Continuing claims were reported as well,
coming in at 3.254 million, below the expected 3.260 million, and
the previous report of 3.256 million.
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