Following the market opening Thursday, the Dow traded up 0.43
percent to 17,048.94 while the NASDAQ surged 0.37 percent to
4,474.01. The S&P also rose, gaining 0.35 percent to
Leading and Lagging Sectors
In trading on Thursday, non-cyclical consumer goods &
services shares were relative leaders, up on the day by about
0.56 percent. Top gainers in the sector included Rite Aid (NYSE:
), up 5.7 percent, and Lorillard (NYSE:
), up 4.8 percent.
Utilities shares dropped 0.78 percent in today's trading. Top
decliners in the sector included Companhia de Saneamento Basico
do Estado de Sao Paulo (NYSE:
), down 1.7 percent, and Public Service Enterprise Group (NYSE:
), off 1.9 percent.
Walgreen Co (NYSE:
) reported a
in its same-store sales in June.
Walgreen's overall sales climbed 8.9% to $6.28 billion. Its
same-store sales in the pharmacy section climbed 11.3% in
Walgreen's same-store customer traffic declined 2%.
Equities Trading UP
) shares shot up 12.76 percent to $67.43 on news that activist
investor Barry Rosenstein had acquired a 9.9 percent stake and
will seek a review of strategic alternatives.
Shares of Lululemon Athletica (NASDAQ:
) got a boost, shooting up 3.26 percent to $42.75 after Dow Jones
reported that the company's founder Dennis Wilson, is
, including a potential sale of the company to private
) shares were also up, gaining 3.94 percent to $52.29.
Oppenheimer upgraded Cree from Market Perform to Outperform.
Equities Trading DOWN
Shares of SYNNEX (NYSE:
) were down 5.46 percent to $69.89 after the company issued a
downbeat outlook for the third quarter. It expected adjusted
earnings of $1.45 to $1.50 per share on revenue of $3.3 billion
to $3.4 billion. Analysts were projecting earnings of $1.53 per
share on revenue of $3.29 billion.
NQ Mobile (NYSE:
) shares tumbled 34.32 percent to $4.44 after the company
changes to its Board
of Directors and provided a status update on its 2013 annual
BIND Therapeutics (NASDAQ:
) was down, falling 10.56 percent to $11.52 after the company
reported the closing of collaboration deal with Amgen (NASDAQ:
In commodity news,
oil traded down 0.43 percent
to $104.03, while gold traded down 1.07 percent to $1,316.70.
Silver traded down 1.04 percent Thursday to $21.08, while
copper fell 0.15 percent to $3.26.
The eurozone's STOXX 600 rose 0.73 percent, the Spanish Ibex
Index gained 0.37 percent, while Italy's FTSE MIB Index surged
Meanwhile, the German DAX climbed 0.79 percent and the French
CAC 40 rose 0.69 percent while UK shares climbed 0.66
The US economy added 288,000 jobs in June, while the
unemployment rate declined to 6.1% versus 6.3%. However,
economists were expecting an addition of 215,000 nonfarm
US jobless claims increased 2,000 to 315,000 in the week ended
June 28. However, economists were projecting claims to reach
314,000 in the week.
US trade deficit narrowed 5.6% in May to $44.4 billion in May.
The country's exports increased 1% to $195.5 billion, while
imports declined 0.3% to $239.8 billion.
The final reading of Markit PMI Services index fell to 61.00
in June, versus a prior reading of 61.20. However, economists
were expecting a reading of 61.00.
Announced layoffs declined 31,343 in June versus 52,961 in
May, according to outplacement consultancy Challenger, Gray &
The ISM non-manufacturing index fell to 56.00 in June, versus
a prior reading of 56.30. However, economists were expecting a
reading of 56.30.
The Treasury is set to auction 3-and 6-month bills. The
Treasury will also auction 3-and 10-year notes.
Data on money supply will be released at 4:30 p.m. ET.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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