Stocks closed higher Thursday, maintaining their advance into
record territory supported by more signs the U.S. economy continues
to improved. The Labor Department today reported a 42,000 decline
in initial jobless claims last week, more than estimates for a
39,000 drop. Volume was thin in the post-holiday session with gains
led by shares of energy companies as crude settled within 45 cents
of $100 per barrel.
Most industry sectors in the S&P 500 ended in the black
today, at yet another record high. Utility stocks were a notable
exception, however, with the continued rise in Treasury yields
luring investors away from interest-rate sensitive equities.
Market moving economic news again will be light the rest of this
week, with only the Energy Information Agency tomorrow releasing
delayed weekly inventory reports tomorrow at 11 a.m. ET.
Commodities were mostly higher. Crude oil for February delivery
settled 33 cents higher at $99.55 per barrel while January natural
gas was up 2 cents to $4.43 per 1 million BTU. February gold rose
$8.70 to $1212 per ounce while March silver added 44 cents to
$19.91 per ounce. March copper rose 3 cents to $3.40 per pound.
Here's where the U.S. markets stood at end-of-day:
Dow Jones Industrial Average up
S&P 500 up
Nasdaq Composite Index up
Hang Seng Index up 1.13%
Shanghai China Composite Index down 1.58%
FTSE 100 Index up 0.23%
(+) TSLA, ChinaDaily discusses the electric car's plan to expand
in first-tier Chinese cities.
(+) SPCB, Completes Smart ID acquisition, forming a company with
$26.2 mln in combined 2012 pro-forma revenue and EPS of $0.88.
(+) HITK, Agrees to $25 mln settlement with State of Texas over
product prices. Amount had previously been set aside.
(-) BBRY, co-founder and former co-CEO Mike Lazaridis sells
nearly 3.17 million shares for $7.63 each. He still owns around
26.3 million shares, or about 4.99% of the company's stock.
(-) ORMP, Enters into definitive agreements with certain
investors to buy 1.58 million shares of common stock at $10.00
apiece in a registered direct offering.
(-) HGG, Jeremy Aguilar resigns as the Chief Financial Officer
at the electronics retailer, effective Jan. 31, 2014. Andrew
Giesler, senior vice president for finance, named interim CFO.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.