Toward the end trading Thursday, the Dow traded down 0.21
percent to 15,644.72 while the NASDAQ gained 0.26 percent to
3,793.25. The S&P fell, dropping 0.09 percent to
Top Headline ConAgra Foods (NYSE:
) reported a
in its fiscal first-quarter earnings. ConAgra's quarterly profit
fell to $144.3 million, or $0.34 per share, from $250.1 million,
or $0.61 per share, in the year-ago period. Its earnings from
continuing operations came in at $0.33 per share. Excluding
one-time items, its earnings declined to $0.37 from $0.44 per
share. Its revenue surged 27% to $4.2 billion, missing analysts'
estimates of $4.29 billion.
Equities Trading UP Rite Aid (NYSE:
) shot up 22.91 percent to $4.56 after the company
posted a profit
in its fiscal second quarter.
Shares of GT Advanced Technologies (NASDAQ:
) got a boost, shooting up 11.59 percent to $8.43. UBS upgraded
the stock from Neutral to Buy.
) was also on the rise, gaining 9.96 percent to $12.72 after it
received an upgrade from Hold to Buy at Stifel, while being given
a $16 price target. The report focused on Groupon's growth in its
local business, mobile commerce, and new strength in its
Equities Trading DOWN Shares of Pier 1 Imports (NYSE:
) were down 14.75 percent to $20.13 after the company reported a
in its fiscal second-quarter earnings and cut its full-year
) shares tumbled 6.67 percent to $27.15 after
Morgan Stanley downgraded
the stock from Equal-weight to Underweight.
) was also down, falling 12.30 percent to $39.94 after a Seeking
Alpha article accused the company of inflating its numbers in its
Commodities In commodity news,
oil traded down 1.44 percent
to $105.74, while gold traded up 4.71 percent to $1,369.30.
Silver traded up 1.05 percent Thursday to $23.20, while copper
rose 1.98 percent to $3.34.
Eurozone European shares today.The Spanish Ibex Index gained
1.01 percent, while Italy's FTSE MIB Index rose 1.43 percent.
Meanwhile, the German DAX gained 0.67 percent and the French CAC
40 rose 0.85 percent while U.K. shares surged 1.01 percent.
Economics US jobless claims rose by 15,000 to 309,000 in the
week ended September 14. However, economists were expecting
claims to rise to 338,000. US current-account deficit declined
around 6% to $98.9 billion in the second quarter.
The Bloomberg Consumer Confidence Index rose to -29.40 in the
week ended September 15, versus a prior reading of -32.10.
Existing-home sales climbed 1.7% to an annual rate of 5.48
million in August.
The Philadelphia Fed's manufacturing index surged to 22.3 in
September, versus a reading of 9.3 in August. The Conference
Board's index of leading indicators climbed 0.7% to 96.6 in
Natural gas supplies rose 46 billion cubic feet for the week
ended September 13, the US Energy Information Administration
However, analysts were expecting a rise of 55 billion cubic
feet to 59 billion cubic feet. Data on money supply will be
released at 4:30 p.m. ET.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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