Midway through trading Wednesday, the Dow traded up 0.08
percent to 17,120.74 while the NASDAQ climbed 0.04 percent to
4,572.49. The S&P also rose, gaining 0.03 percent to
Leading and Lagging Sectors
Telecommunications services shares rose by 0.78 percent on
Wednesday. Meanwhile, top gainers in the sector included Internet
Gold Golden Lines (NASDAQ:
), up 6.7 percent, and TIM Participacoes SA (NYSE:
), up 6.3 percent.
In trading on Wednesday, industrials shares were relative
laggards, down on the day by about 0.06 percent. Top decliners in
the sector included Smith & Wesson Holding (NASDAQ:
), down 13.5 percent, and Titan Machinery (NASDAQ:
), off 6.9 percent.
Tiffany & Co (NYSE:
earnings for the second quarter and raised its FY14 forecast.
The based company posted quarterly net earnings of $124
million, or $0.96 per share, up from $107 million, or $0.83 per
share, in the year-ago period.
Its sales surged to $992.9 million versus $925.9 million.
However, analysts were expecting earnings of $0.85 per share on
revenue of $987.86 million.
Equities Trading UP
) shares shot up 12.34 percent to $16.39 after the company
reported stronger-than-expected second quarter results and raised
its FY earnings forecast.
Shares of Aruba Networks (NASDAQ:
) got a boost, shooting up 4.40 percent to $21.13 on
stronger-than-expected quarterly results. UBS upgraded Aruba from
Neutral to Buy and raised the price target from $21.00 to
The Michaels Companies (NASDAQ:
) shares were also up, gaining 8.03 percent to $16.36 after the
company reported upbeat fiscal second-quarter results.
Equities Trading DOWN
Shares of Smith & Wesson Holding (NASDAQ:
) were down 13.85 percent to $11.29 after the company lowered its
full-year guidance. However, the company reported in-line
earnings for the fiscal first quarter.
Yingli Green Energy Holding Co (NYSE:
) shares tumbled 6.18 percent to $3.34 after the company reported
downbeat profit for the second quarter.
Chico's FAS (NYSE:
) was down, falling 3 percent to $15.54 after the company
reported downbeat fiscal second-quarter profit.
In commodity news,
oil traded down 0.18 percent
to $93.69, while gold traded down 0.16 percent to $1,283.10.
Silver traded down 0.10 percent Wednesday to $19.44, while
copper fell 0.45 percent to $3.20.
were mostly higher
today. The eurozone's STOXX 600 gained 0.08 percent, the Spanish
Ibex Index climbed 0.01 percent, while Italy's FTSE MIB Index
surged 0.57 percent. Meanwhile, the German DAX fell 0.20 percent
and the French CAC 40 surged 0.01 percent while UK shares dropped
The MBA reported that its index of mortgage application
activity gained 2.80% in the week ended August 22.
US oil supplies fell 2.1 million barrels in the week ended
August 22, the Energy Information Administration reported.
Gasoline supplies dropped 1 million barrel, while distillates
stockpiles gained 1.3 million barrels.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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