Toward the end of trading Monday, the Dow traded down 0.08
percent to 15,386.29 while the NASDAQ surged 0.07 percent to
3,917.29. The S&P fell, dropping 0.08 percent to
Top Headline McDonald's (NYSE:
) reported a
in its third-quarter profit. McDonald's quarterly profit surged
to $1.52 billion, or $1.52 per share, from $1.46 billion, or
$1.43 per share, in the year-ago period. Its revenue climbed 2.4%
to $7.32 billion.
However, analysts were expecting earnings of $1.51 per share
on revenue of $7.34 billion. Its same-store sales in the US
Equities Trading UP Hasbro (NASDAQ:
) shot up 5.06 percent to $49.64 after the company reported a
in its third-quarter earnings.
Shares of First Solar (NASDAQ:
) were also up, gaining 6.76 percent to $53.39 after Bank of
America gave Solar City, a peer play, a $70 price target this
SAP AG (NYSE:
) was also up, gaining 3.34 percent to $76.20 after the company
reported an increase
in its third-quarter profit.
Equities Trading DOWN
Shares of Osiris Therapeutics (NASDAQ:
) were down 17.01 percent to $14.64 on 8-K announcing agreement
with the FDA on regulatory pathway for Grafix and Ovation.
Gannett Co (NYSE:
) shares tumbled 2.29 percent to $26.86 after the company
reported a fall in its Q3 profit.
JC Penney (NYSE:
) was also down, falling 7.27 percent to $6.50 after Imperial
Capital issued a report on the company dropping its price target
from $5 to $1.
Commodities In commodity news,
oil traded down 1.42 percent
to $99.67, while gold traded down 0.02 percent to $1,314.80.
Silver traded up 1.32 percent Monday to $22.22, while copper rose
0.11 percent to $3.30.
Eurozone European shares
today. The Spanish Ibex Index rose 0.36 percent, while Italy's
FTSE MIB Index dropped 0.04 percent. Meanwhile, the German DAX
rose 0.02 percent and the French CAC 40 declined 0.21 percent
while U.K. shares climbed 0.48 percent.
Economics US existing home sales declined 1.9% to an annual
rate of 5.29 million in September, versus 5.39 million in August.
However, economists were expecting sales to fall to a rate of
5.30 million last month.
Crude stockpiles climbed 4 million barrels for the week ended
October 11, the US Energy Information Administration.
However, analysts were expecting a rise of 2.25 million
barrels. The Treasury is set to auction 3-and 6-month bills.
(c) 2013 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.