Following the market opening Thursday, the Dow traded up 0.15
percent to 16,247.15 while the NASDAQ surged 0.08 percent to
4,310.84. The S&P also rose, gaining 0.14 percent to
Leading and Lagging Sectors Technology stocks gained Thursday,
with Infinera (NASDAQ:
) leading advancers. Meanwhile, gainers in the sector included
), with shares up 2.8 percent, and Adept Technology (NASDAQ:
), with shares up 4.3 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 3.5 percent, while National Fuel Gas Company
) tumbled around 2.6 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 11.91 percent to $28.99 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 8.92 percent to $31.27 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.
ZELTIQ Aesthetics (NASDAQ:
) was also up, gaining 6.44 percent to $18.68. Stifel Nicolaus
initiated coverage on the stock with a Buy rating and a $28.00
Equities Trading DOWN Shares of The ExOne Company (NASDAQ:
) were down 8.38 percent to $40.09 after the company reported
downbeat Q4 results and issued a weak FY14 revenue outlook.
) shares tumbled 5.86 percent to $27.08 after the company
outlook. The retailer projected to post a Q1 loss of $0.05 to
$0.09 per share.
The Cato (NYSE:
) was down, falling 6.35 percent to $28.19 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 0.60 percent
to $99.77, while gold traded down 1.22 percent to $1,324.90.
Silver traded down 2.29 percent Thursday to $20.35, while
copper fell 1.47 percent to $2.94.
Eurozone European shares
The Spanish Ibex Index fell 0.88 percent, while Italy's FTSE
MIB Index fell 0.36 percent.
Meanwhile, the German DAX declined 0.97 percent and the French
CAC 40 declined 0.75 percent while U.K. shares fell 1.04
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.
The Treasury is set to auction 3-and 6-month bills.
The Treasury will also auction 2-year, 5-year and 7-year
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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