Following the market open Thursday, the Dow traded up 0.03
percent to 17,091.66 while the NASDAQ dropped 0.07 percent to
4,470.50. The S&P also rose, gaining 0.02 percent to
Leading and Lagging Sectors
Financial sector was the top gainer in today's trading.
Meanwhile, top gainers in the sector included CoStar Group
), up 11.6 percent, and Intermountain Community Bancorp (NASDAQ:
), up 10.3 percent.
In trading on Thursday, healthcare shares were relative
leaders, up on the day by about 0.34 percent. Top decliners in
the sector included Clearfield (NASDAQ:
), down 15.6 percent, and Invacare (NYSE:
), off 8.8 percent.
Ford Motor Co (NYSE:
The Dearborn, Michigan-based company posted a quarterly profit
of $1.31 billion, or $0.32 per share, versus a year-ago profit of
$1.23 billion, or $0.30 per share. Its earnings after tax,
excluding special items, came in at $0.40 per share.
Its revenue fell to $37.4 billion from $37.9 billion. However,
analysts were expecting earnings of $0.36 per share on revenue of
Equities Trading UP
Logitech International SA (NASDAQ:
) shares shot up 14.48 percent to $15.26 after the company
reported better-than-expected quarterly results and raised its
operating income forecast.
Shares of Facebook (NASDAQ:
) got a boost, shooting up 5.13 percent to $74.95 after the
second-quarter results on strong growth in daily users and
VASCO Data Security International (NASDAQ:
) shares were also up, gaining 14.14 percent to $13.24 after the
company reported upbeat quarterly results and issued a strong
FY14 revenue forecast.
Equities Trading DOWN
Shares of Liberty Media (NASDAQ:
) were down 65.20 percent to $49.18 after the company announced
adjustment to the conversion rate of its 1.375% cash convertible
senior notes due 2023.
) shares tumbled 9.95 percent to $96.68 after the company
reported weaker-than-expected second-quarter profit.
) was down, falling 6.48 percent to $76.31 after the company
issued downbeat earnings forecast for the current quarter.
However, the company reported a 42% rise in its fiscal
third-quarter net income. Evercore Partners downgraded QUALCOMM
from Overweight to Equal-weight and lowered the price target from
$88.00 to $83.00.
In commodity news,
oil traded down 0.10 percent
to $103.02, while gold traded down 0.51 percent to $1,299.90.
Silver traded down 0.60 percent Thursday to $20.87, while
copper rose 1.37 percent to $3.25.
today. The eurozone's STOXX 600 jumped 0.39 percent, the Spanish
Ibex Index climbed 1.76 percent, while Italy's FTSE MIB Index
rose 1.61 percent. Meanwhile, the German DAX gained 0.47 percent
and the French CAC 40 climbed 0.67 percent while UK shares rose
US jobless claims fell by 19,000 to 284,000 in the week that
ended July 19. However, economists were expecting initial claims
of 310,000 in the week.
The flash reading of Markit PMI manufacturing index fell to
56.30 in July, versus a prior reading of 57.30. However,
economists were expecting a reading of 57.50.
Sales of new homes dropped 8.1% to an annual rate of 406,000
in June. However, economists were expecting a rate of
The Kansas City Fed manufacturing index for July will be
released at 11:00 a.m. ET.
The Treasury is set to auction 3-and 6-month bills. The
Treasury will also auction 2-year, 5-year and 7-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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