Following the market opening Thursday, the Dow traded down
0.22 percent to 16,465.69 while the NASDAQ tumbled 0.36 percent
to 4,112.12. The S&P also fell, dropping 0.26 percent to
Leading and Lagging Sectors Utilities shares gained around
0.38 percent in trading on Thursday. Top gainers in the sector
included Korea Electric Power (NYSE:
), Empresa Distribuidora y Comercializadora Norte SA (NYSE:
), and Atlas Energy LP (NYSE:
). In trading on Thursday, healthcare shares were relative
laggards, down on the day by about 0.92 percent.
Top decliners in the sector included Clearfield (NASDAQ:
), off 16.2 percent, and Quidel (NASDAQ:
), down 13.9 percent.
Top Headline General Motors Co (NYSE:
first-quarter earnings. GM's quarterly profit slipped to $100
million, or $0.06 per share, versus a year-ago profit of $900
million, or $0.58 per share. Its revenue climbed to $37.4 billion
versus $36.9 billion. However, analysts were estimating earnings
of $0.03 per share on revenue of $37.44 billion.
Equities Trading UP Zimmer Holdings (NYSE:
) shares shot up 15.35 percent to $105.49 after the company
plans to acquire
Biomet in a cash and stock transaction valued at around $13.35
Shares of Apple (NASDAQ:
) got a boost, shooting up 7.47 percent to $563.94 after the
fiscal second-quarter results and announced a 7-for-1 stock
split. The company also lifted its buyback plan to $90 billion
from $60 billion. Apple's quarterly profit surged to $10.2
billion, or $11.62 per share, versus a year-ago profit of $9.5
billion, or $10.09 per share. Its revenue also climbed to $45.6
billion versus $43.6 billion.
Lam Research (NASDAQ:
) shares were also up, gaining 7.46 percent to $56.15 after the
company reported upbeat quarterly earnings.
Equities Trading DOWN Shares of Quidel (NASDAQ:
) were 13.29 percent to $20.74 after the company reported Q1
earnings of $0.08 per share on revenue of $46.70 million.
Tsakos Energy Navigation (NYSE:
) shares tumbled 12.34 percent to $7.32 after the company priced
of 11 million common shares at $7.30 per share.
) was down, falling 9.61 percent to $47.38 after the company
reported downbeat Q4 earnings. Credit Suisse downgraded Xilinx
from Outperform to Neutral. Commodities In commodity news,
oil traded up 0.27 percent
to $101.71, while gold traded down 0.84 percent to $1,273.80.
Silver traded down 1.37 percent Thursday to $19.20, while
copper rose 1.04 percent to $3.07.
Eurozone European shares today.
The Spanish Ibex Index dropped 0.45 percent, while Italy's
FTSE MIB Index fell 0.11 percent.
Meanwhile, the German DAX dropped 1.13 percent and the French
CAC 40 fell 0.09 percent while U.K. shares climbed 0.02
Economics US jobless claims rose 24,000 to 329,000 in the week
ended April 19, versus a revised 305,000 in the earlier week.
However, economists were projecting claims to reach 315,000 in
Orders for durable goods surged 2.6% in March, versus
economists' expectations for a 2% gain.
The Kansas City Fed manufacturing index for April will be
released at 11:00 a.m. ET.
The Treasury is set to auction 3-month, 6-month and 52-week
The Treasury will also auction 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.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.