Midway through trading Thursday, the Dow traded down 0.22
percent to 16,870.34 while the NASDAQ declined 0.27 percent to
4,351.03. The S&P also fell, dropping 0.10 percent to
Leading and Lagging Sectors
Utilities sector was the top gainer in the US market on
Thursday. Top gainers in the sector included Cleco (NYSE:
), Korea Electric Power (NYSE:
), and Regency Energy Partners LP (NYSE:
Technology shares fell around 0.27 percent in Thursday's
trading. Top decliners in the sector included TechTarget (NASDAQ:
), down 8.9 percent, and ChinaCache International Holdings
), off 4.6 percent.
) reported a
fiscal first-quarter loss.
BlackBerry posted its quarterly GAAP net income of $23
million, or $0.04 per share, versus a year-ago loss of $84
million, or $0.16 per share. Excluding certain items, the company
lost $0.11 per share.
Its revenue fell 1% to $966 million from $976 million.
However, analysts were expecting for a loss of $0.28 per share on
revenue of $1.047 billion.
Equities Trading UP
Measurement Specialties (NASDAQ:
) shares shot up 10.50 percent to $86.19 after the company agreed
to be acquired by TE Connectivity (NYSE:
) for $86 cash per share.
Shares of The Kroger Co (NYSE:
) got a boost, shooting up 5.65 percent to $49.94 after the
company reported strong Q1 results and raised its FY outlook.
) shares were also up, gaining 11.76 percent to $9.27 after the
company reported a narrower-than-expected first-quarter loss.
Equities Trading DOWN
Shares of Pier 1 Imports (NYSE:
) were 12.19 percent to $16.04 after the company reported a drop
fiscal first-quarter profit
and lowered its forecast.
) shares tumbled 9.73 percent to $23.76 after the company
reported a Q1 loss of $0.29 per share on revenue of $1.63
billion. The company said it would undergo a strategic review of
Rite Aid (NYSE:
) was down, falling 3.49 percent to $7.18 after the company
reported a drop
in its first-quarter earnings. Rite Aid's quarterly profit
declined to $41.4 million, or $0.04 per share, from a
year-earlier profit of $89.7 million, or $0.09 per share.
In commodity news,
oil traded up 0.14 percent
to $106.12, while gold traded up 2 percent to $1,298.10.
Silver traded up 2.74 percent Thursday to $20.32, while copper
rose 0.10 percent to $3.06.
The eurozone's STOXX 600 surged 0.58 percent, the Spanish Ibex
Index gained 0.68 percent, while Italy's FTSE MIB Index rose 0.85
Meanwhile, the German DAX gained 0.74 percent and the French
CAC 40 climbed 0.72 percent while UK shares gained 0.45
US initial jobless claims fell 6,000 to 312,000 in the week
ended June 14. However, economists were projecting claims to
reach 314,000 in the week.
The Philadelphia Fed's manufacturing index rose to 17.80 in
June, versus a reading of 15.40 in May. However, economists were
expecting a reading of 14.0.
The Conference Board's index of leading indicators increased
0.5% to 101.7 in May.
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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