Following the market opening Thursday, the Dow traded down
0.02 percent to 17,134.99 while the NASDAQ declined 0.10 percent
to 4,421.71. The S&P also fell, dropping 0.10 percent to
Leading and Lagging Sectors
Technology shares gained around 0.09 percent in today's
trading. Top gainers in the sector included RealNetworks (NASDAQ:
), up 13 percent, and MedAssets (NASDAQ:
), up 4 percent.
In trading on Thursday, telecommunications services shares
were relative laggards, down on the day by about 0.40 percent.
Top decliners in the sector included Mobile Telesystems OJSC
), down 2.9 percent, and Internet Initiative Japan (NASDAQ:
), off 2.8 percent.
Morgan Stanley (NYSE:
results for the second quarter.
The bank's quarterly profit jumped 47% to $1.9 billion, or
$0.94 per share, from a year-ago profit of $1.0 billion, or $0.43
per share. Its adjusted earnings from continuing operations
excluding DVA came in at $0.91 per share. However, its earnings
excluding DVA and tax benefit were $0.60 per share.
Its revenue rose to $8.6 billion, from $8.52 billion. Its
adjusted sales came in at $8.52 billion. However, analysts were
expecting earnings of $0.55 per share on revenue of $8.22
Equities Trading UP
Dresser-Rand Group (NYSE:
) shares shot up 16.25 percent to $70.24 on Siemens takeover
Shares of Select Comfort (NASDAQ:
) got a boost, shooting up 9.59 percent to $20.80 after the
company beat top and bottom line estimates.
The Sherwin-Williams Company (NYSE:
) shares were also up, gaining 3.40 percent to $208.58 after the
company reported a
in its second-quarter earnings and lifted its full-year earnings
Equities Trading DOWN
Shares of SanDisk (NASDAQ:
) were down 11.75 percent to $95.16 after the company issued a
downbeat current-quarter revenue outlook. SanDisk reported its Q2
earnings of $1.41 per share on revenue of $1.63 billion.
) shares tumbled 6.56 percent to $56.84 after the company
earnings for the second quarter.
) was down, falling 6.44 percent to $36.51 after the company
reported a drop
in its second-quarter earnings. Mattel's quarterly profit fell to
$28.3 million, or $0.08 per share, versus a year-ago profit of
$73.3 million, or $0.21 per share.
In commodity news,
oil traded up 1.30 percent
to $102.52, while gold traded up 0.39 percent to $1,304.90.
Silver traded up 0.36 percent Thursday to $20.85, while copper
rose 0.06 percent to $3.22.
European shares today.
The eurozone's STOXX 600 fell 0.59 percent, the Spanish Ibex
Index dropped 0.61 percent, while Italy's FTSE MIB Index tumbled
Meanwhile, the German DAX declined 0.59 percent and the French
CAC 40 dropped 0.47 percent while UK shares fell 0.45
Construction on new US houses fell 9.3% to an annual rate of
893,000 in June. However, economists were expecting a rate of
US jobless claims declined by 3,000 to 302,000 in the week
ended July 12. However, economists were estimating claims to
reach 310,000 in the week.
US Philadelphia Fed manufacturing index rose to 23.90 in July,
versus a prior reading of 17.80. However, economists were
expecting a reading of 16.00.
The Treasury is set to auction 3-month, 6-month and 52-week
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.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.