Toward the end of trading Thursday, the Dow traded up 0.39
percent to 16,285.81 while the NASDAQ surged 0.18 percent to
4,315.22. The S&P also rose, gaining 0.29 percent to
Leading and Lagging Sectors Technology stocks gained Thursday,
with Infinera (NASDAQ:
) leading advancers. Meanwhile, gainers in the sector included
), with shares up 5.5 percent, and PFSweb (NASDAQ:
), with shares up 5.4 percent.
Utilities sector was the leading decliner in the US market
today. Among the sector stocks, Companhia de Saneamento Basico do
Estado de Sao Paulo (NYSE:
)was down more than 5.3 percent, while National Fuel Gas Company
)tumbled around 2.8 percent.
Top Headline Lennar (NYSE:
first-quarter earnings. Lennar's quarterly earnings surged to
$78.1 million, or $0.35 per share, versus $57.5 million, or $0.26
per share, in the year-earlier quarter. Its revenue rose 38% to
$1.4 billion. However, analysts were estimating earnings of $0.28
per share on revenue of $1.25 billion.
Equities Trading UP Burlington Stores (NYSE:
) shares shot up 15.02 percent to $29.79 on Q4 results.
Burlington Stores reported its Q4 earnings of $1.07 per share,
versus analysts' estimates of $1.03 per share.
Shares of Herman Miller (NASDAQ:
) got a boost, shooting up 9.30 percent to $31.38 after the
company reported in-line FQ3 adjusted earnings. The company
expected Q4 earnings of $0.43 to $0.47 per share on revenue of
$485 million to $505 million. However, analysts were projecting
earnings of $0.43 per share on revenue of $487.5 million.
ION Geophysical (NYSE:
) was also on the rise, gaining 5.46 percent to $4.25 as the
shares catch a relief rally from a gap down at the open
Equities Trading DOWN Shares of The ExOne Company (NASDAQ:
) were down 9.90 percent to $39.42after the company reported
downbeat Q4 results and issued a weak FY14 revenue outlook.
Walter Energy (NYSE:
) took a hit throughout the session Thursday, falling 21.12
percent to $7.18 following a price target drop from Bank of
America and a large debt offering which appear to have pushed
traders to the bearish side.
The Cato (NYSE:
) was down, falling 12.59 percent to $26.31 on Q4 results.Cato
reported its Q4 earnings of $0.13 per share, versus analysts'
estimates of $0.13 per share. Cato Corporation expects FY14
earnings of $1.47 to $1.66 per share, versus estimates of $1.86
Commodities In commodity news,
oil traded down 0.44 percent
to $98.73, while gold traded down 0.89 percent to $1,329.70.
Silver traded down 1.48 percent Thursday to $20.31, while
copper fell 0.59 percent to $2.93.
Eurozone European shares
were mostly lower
The Spanish Ibex Index fell 0.55 percent, while Italy's FTSE
MIB Index rose 0.18 percent.
Meanwhile, the German DAX declined 0.37 percent and the French
CAC 40 declined 0.02 percent while U.K. shares fell 0.75
Economics US jobless claims climbed 5,000 to 320,000 in the
week ended March 15. However, economists were estimating claims
to increase to 325,000.
The Bloomberg Consumer Comfort Index declined to -29.00 for
the week ended Mar 16, versus a prior reading of -27.60.
The Conference Board's index of leading indicators climbed
0.5% in February, versus a 0.1% gain in January.
Sales of existing US homes fell 0.4% to an annual rate of 4.6
million in February, versus a rate of 4.62 million in January.
However, economists were estimating a rate of 4.6 million.
US Philadelphia Fed manufacturing index rose to 9.00 in March,
versus a prior reading of -6.30. However, economists were
expecting a reading of 3.20.
Supplies of natural gas dropped 48 billion cubic feet for the
week ended March 14, the US Energy Information Administration
said. However, analysts were expecting a drop of 57 billion cubic
feet to 61 billion cubic feet.
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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