Following the market opening Thursday, the Dow traded up 0.10
percent to 16,356.00 while the NASDAQ gained 0.04 percent to
4,325.07. The S&P also rose, surging 0.04 percent to
Leading and Lagging Sectors Thursday morning, the basic
materials sector proved to be a source of strength for the
market. Leading the sector was strength from Kronos Worldwide
) and James Hardie Industries plc (NYSE:
). Shares of Kronos Worldwide jumped more than 8 percent after
the company reported upbeat quarterly earnings.
In trading on Thursday, energy shares were relative laggards,
down on the day by about 0.25 percent. Top decliners in the
sector included Ameresco (NASDAQ:
), off 9.8 percent, and Quicksilver Resources (NYSE:
), down 4.6 percent.
Top Headline Dollar General (NYSE:
fourth-quarter sales. Dollar General's quarterly profit surged to
$322.2 million, or $1.01 per share, versus a year-ago profit of
$317.4 million, or $0.97 per share. Its net sales rose to $4.49
billion versus $4.21 billion, while same-store sales climbed
1.3%. However, analysts were estimating earnings of $1.01 per
share on sales of $4.62 billion. For the first quarter, Dollar
General projects earnings of $0.72 to $0.74 per share and total
sales to increase 7% to 8%. It projects FY14 earnings of $3.45 to
$3.55 per share and total sales to surged 8% to 9%.
Equities Trading UP Scientific Games (NASDAQ:
) shares shot up 18.74 percent to $16.46 following positive
earnings report. Scientific Games posted a Q4 loss of $0.01 per
Shares of Plug Power (NASDAQ:
) got a boost, shooting up 15.88 percent to $7.88 after the
results. Plug Power posted a quarterly loss of $0.08 per share,
versus the estimated loss of $0.08 per share.
) was also up, gaining 8.22 percent to $63.82 after the company
earnings and raised its quarterly dividend by 6.45% to $0.33 per
share versus $0.31 per share.
Equities Trading DOWN Shares of Methode Electronics (NYSE:
) were down 17.14 percent to $29.34 after the company reported Q3
results. Delhaize Group (NYSE:
) shares tumbled 7.05 percent to $67.99 after the company
results. Delhaize Group posted a quarterly net profit of 101
million euro, versus a year-ago net loss of 169 million euro.
) was down, falling 3.75 percent to $22.99 after the company
results. Gogo posted a quarterly loss of $0.26 per share, versus
analysts' estimates of a loss of $0.27 per share.
Commodities In commodity news, to $97.86, while gold traded
down 0.21 percent to $1,367.60.
Silver traded down 0.55 percent Thursday to $21.24, while
copper fell 0.05 percent to $2.96.
Eurozone European shares today.
The Spanish Ibex Index fell 0.06 percent, while Italy's FTSE
MIB Index gained 0.76 percent.
Meanwhile, the German DAX climbed 0.10 percent and the French
CAC 40 declined 0.09 percent while U.K. shares fell 0.23
Economics US jobless claims declined 9,000 to 315,000 in the
week ended March 8. However, economists were projecting claims to
reach 330,000 in the week.
US retail sales increased 0.3% in February, versus economists'
expectations for a 0.2% gain.
US import price index rose 0.90% in February, versus
economists' expectations for a 0.30% gain.
US business inventories rose 0.40% in January, versus
economists' expectations for a 0.40% gain.
The US Treasury monthly budget report for February will be
released at 2:00 p.m. ET.
The Treasury is set to auction 3-and 6-month bills.
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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