Midway through trading Thursday, the Dow traded up 0.14
percent to 14,094.55 while the NASDAQ rose 0.19 percent to
3,168.13. The S&P also rose, gaining 0.22 percent to
Index Technicals: The S&P looks ready to regain its 20 EMA
today with overhead resistance at 1,531, while the 1,515-1,518
area could act as support.
The Dow is poised to break out to new highs today over its
The Russel shows that it may regain its 20 EMA, with 918-920
Finally, the NASDAQ looks poised to regain its 20 EMA as well,
while finding resistance in the 3,175-3,185 area.
Top Headline Yesterday, Groupon (NASDAQ:
) reported a Q4 loss and issued downbeat Q1 revenue forecast.
Groupon's quarterly loss widened to $81.1 million, or $0.12
per share, versus a year-earlier loss of $65.4 million, or $0.12
per share. Its revenue climbed to $638.3 million from $492
million. However, analysts had projected earnings of $0.03 per
share on revenue of around $640 million.
Analysts at Wells Fargo and Raymond James also downgraded the
stock following the news.
Equities Trading UP Chart Industries (NASDAQ:
) shot up 12.27 percent to $73.57 after the company reported
upbeat fourth-quarter results.
Shares of Universal Display (NASDAQ:
) got a boost, shooting up 14.70 percent to $32.00 after the
company's Q4 revenue surpassed analysts' estimates.
FARO Technologies (NASDAQ:
) was also up, gaining 17.53 percent to $42.31 after the company
reported strong Q4 earnings.
Equities Trading DOWN BroadSoft (NASDAQ:
) shares tumbled 29.60 percent to $21.76 after the company issued
) was also down, falling 23.06 percent to $4.60 after the company
reported a Q4 loss.
Shares of J. C. Penney Company (NYSE:
) were down 16.07 percent to $17.76, after the company posted a
wider fourth-quarter loss.
Commodities In commodity news, oil traded down 1.25 percent to
$91.60, while gold traded down 1.12 percent to $1,577.40.
Silver traded down 1.15 percent Thursday to $28.58, while
copper dropped 0.50 percent to $3.55.
Euro zone European shares were higher today. The Spanish Ibex
Index rose 1.15 percent and the Italian FTSE MIB Index rose 0.60
The STOXX Europe 600 Index surged 0.96 percent, London's FTSE
100 Index gained 0.55 percent, French CAC 40 Index climbed 0.85
percent and German DAX 30 index rose 0.86 percent.
Economics Initial jobless claims declined by 22,000 to 344,000
in the week ended February 23. However, economists were expecting
initial jobless claims level of 362,000. Continuing claims fell
by 91,000 to 3.07 million in the week ended February 16.
The US economy grew 0.1% in the last three months of 2012,
versus 3.1% growth in the third quarter, missing economists'
expectations for a 0.5% growth.
The Chicago PMI climbed to 56.8 in February versus 55.6 in
January, surpassing economists' estimates of 54.0.
US natural gas supplies declined 171 billion cubic feet for
the week ended February 22, according to the EIA. However,
analysts were expecting a fall between 166 billion and 170
billion cubic feet.
The Bloomberg Consumer Comfort Index rose to -32.8 in the
period ended Feb. 24, versus -33.4 last week.
The Kansas City Fed's manufacturing composite index fell to
-10 in February, versus -2 in January.
In addition, the Fed's Sarah Bloom Raskin, Richard Fisher, and
Charles Evans are set to speak.
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