Following the market opening Thursday, the Dow traded down
0.36 percent to 17,060.69 while the NASDAQ declined 0.29 percent
to 4,556.18. The S&P also fell, dropping 0.26 percent to
Leading and Lagging Sectors
Utilities shares rose by 0.28 percent on Thursday. Meanwhile,
top gainers in the sector included Companhia Paranaense de
), up 1.6 percent, and Companhia de Saneamento Basico do Estado
de Sao Paulo (NYSE:
), up 1.1 percent.
In trading on Thursday, basic materials shares were relative
laggards, down on the day by about 0.98 percent. Top decliners in
the sector included Cliffs Natural Resources (NYSE:
), down 5.1 percent, and Amyris (NASDAQ:
), off 1.4 percent.
Dollar General (NYSE:
for the fiscal second quarter. However, the company's revenue
missed analysts' estimates.
The Goodlettsville, Tennessee-based company posted a quarterly
profit of $251 million, or $0.83 per share, versus a year-ago
profit of $245 million, or $0.75 per share.
Its sales climbed 7.5% to $4.72 billion. However, analysts
were expecting a profit of $0.83 per share on revenue of $4.77
billion. Dollar General's same-store sales rose 2.1% in the
Equities Trading UP
Signet Jewelers (NYSE:
) shares shot up 6.32 percent to $114.86 after the company
reported fiscal second-quarter results.
Shares of CSR plc (NASDAQ:
) got a boost, shooting up 34.07 percent to $51.00 after the
company rejected a takeover bid from Microchip Technology
Repros Therapeutics (NASDAQ:
) shares were also up, gaining 10.21 percent to $20.07 after the
company reported positive top line results from Androxal
Equities Trading DOWN
Shares of Williams-Sonoma (NYSE:
) were down 10.77 percent to $66.82 after the company issued a
downbeat third-quarter earnings forecast. However, the company
reported in-line earnings for the second quarter. Analysts at
Morgan Stanley downgraded Williams-Sonoma from Overweight to
Equalweight and lowered the target price from $82 to $74.
) shares tumbled 9.05 percent to $23.32 after the company
reported weaker-than-expected second-quarter results and issued a
Abercrombie & Fitch Co (NYSE:
) was down, falling 7.05 percent to $40.90 after the company
reported downbeat second-quarter sales.
In commodity news,
oil traded up 0.76 percent
to $94.59, while gold traded up 0.69 percent to $1,292.20.
Silver traded up 1.13 percent Thursday to $19.70, while copper
fell 1.09 percent to $3.16.
today. The eurozone's STOXX 600 dropped 0.71 percent, the Spanish
Ibex Index slipped 1.01 percent, while Italy's FTSE MIB Index
declined 1.49 percent. Meanwhile, the German DAX fell 1.38
percent and the French CAC 40 declined 0.70 percent while UK
shares dropped 0.34 percent.
The US economy expanded at an annual pace of 4.2% in the
second quarter, versus economists' expectations for a 3.9%
US initial claims declined by 1,000 to 298,000 in the week
ended Aug. 23. However, economists were estimating claims to
reach 300,000 in the week.
The pending home sales index climbed 3.3% to reach 105.9 in
July, from 102.5 in June.
The Kansas City Fed manufacturing index for August will be
© 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.