Midway through trading Thursday, the Dow traded up 0.55
percent to 16,609.45 while the NASDAQ surged 0.92 percent to
4,104.95. The S&P also rose, gaining 0.50 percent to
Leading and Lagging Sectors In trading on Thursday,
telecommunications services shares were relative leaders, up on
the day by about 1.07 percent. Meanwhile, top gainers in the
sector included Cincinnati Bell (NYSE:
), up 18.7 percent, and CenturyLink (NYSE:
), up 6.1 percent. Utilities shares declined by 0.63 percent in
Meanwhile, top losers in the sector included The AES (NYSE:
), down 2.9 percent, and Regency Energy Partners LP (NYSE:
), off 4.6 percent.
Top Headline Wendy's Co (NASDAQ:
) reported a
rise in its first-quarter
earnings. Wendy's posted its quarterly earnings of $46.3 million,
or $0.12 per share, compared to $2.1 million, or a penny per
share, in the year-ago period. Its revenue shrank 13% to $523.2
million, while operating expenses declined 25%. However, analysts
were expecting earnings of $0.05 per share on revenue of $498
million. Wendy's same-restaurant sales gained 1.3%.
Equities Trading UP Chelsea Therapeutics International
) shares shot up 31.30 percent to $6.57 after Lundbeck announced
its plans to acquire Chelsea Therapeutics for up to $658
Shares of SolarCity (NASDAQ:
) got a boost, shooting up 17.10 percent to $55.87 after the
company reported a narrower first-quarter loss and lifted its
Keurig Green Mountain (NASDAQ:
) shares were also up, gaining 16.69 percent to $107.60 after the
company reported a
in its fiscal second-quarter net income.
Equities Trading DOWN Shares of Gulfport Energy (NASDAQ:
) were 18.87 percent to $59.26 after the company reported
weaker-than-expected first-quarter results.
NPS Pharmaceuticals (NASDAQ:
) shares tumbled 9.58 percent to $24.45 after the company
reported a Q1 loss of $0.06 per share on revenue of $44.0
Tesla Motors (NASDAQ:
) was down, falling 7.44 percent to $186.37 after the company
posted a first-quarter loss of $0.40 per share, versus a year-ago
profit of $0.10 per share. The company also reported downbeat
Commodities In commodity news,
oil traded down 0.65 percent
to $100.12, while gold traded down 0.04 percent to $1,288.40.
Silver traded down 0.73 percent Thursday to $19.20, while
copper rose 1.20 percent to $3.07.
Eurozone European shares
The eurozone's STOXX 600 climbed 1.05 percent, the Spanish
Ibex Index rose 1.70 percent, while Italy's FTSE MIB Index jumped
Meanwhile, the German DAX climbed 0.90 percent and the French
CAC 40 jumped 1.37 percent while UK shares gained 0.53
Economics US jobless claims declined 26,000 to 319,000 in the
week ended May 3. However, economists were expecting claims to
drop to 325,000 in the week.
Supplies of natural gas climbed 74 billion cubic feet for the
week ended May 2, the US Energy Information Administration said.
However, analysts were expecting a rise of 69 billion cubic feet
to 73 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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