Toward the end of trading Friday, the Dow traded up 0.01
percent to 16,482.38 while the NASDAQ declined 0.30 percent to
4,154.96. The S&P also fell, dropping 0.03 percent to
Top Headline Yesterday, Textron (NYSE:
) agreed to buy acquire Beechcraft for around $1.4 billion in
cash. The deal is expected to close during the first half of
2014. In 2013, Beechcraft has around $1.8 billion in expected
Equities Trading UP Shares of Sprint (NYSE:
) were up on Friday's session, gaining 8.28 percent to $10.78
following some strong options activity to the bullish side.
) was up as well, gaining 13.93 percent to $5.48 as traders dove
into more volatile names on Friday's session.
Organovo Holdings (NYSE:
) was also up, gaining 2.54 percent to $9.28. The rise in the
shares may be attributed to Thursday's Computerworld Article on
3D printed liver coming in 2014.
Equities Trading DOWN Shares of Twitter (NYSE:
) were down 11.59 percent to $64.92 after Macquarie downgraded
the stock from Neutral to Underperform. Textura (NYSE:
) tumbled 5.24 percent to $29.66. Textura shares tumbled 17.06
percent yesterday after Citron Research issued a scathing report
on the company midway through the morning Thursday.
American Airlines (NASDAQ:
) was also down, falling 4.40 percent to $24.98 as traders looked
exit the airline following its recent rally.
Commodities In commodity news,
oil traded up 0.67 percent
to $100.22, while gold traded up 0.15 percent to $1,214.90.
Silver traded up 1.54 percent Friday to $20.03, while copper fell
0.47 percent to $3.38.
Eurozone European shares
today. The Spanish Ibex Index gained 0.82 percent, while Italy's
FTSE MIB Index climbed 1.39 percent. Meanwhile, the German DAX
surged 1.06 percent and the French CAC 40 jumped 1.40 percent
while U.K. shares gained 0.85 percent.
US crude oil inventories fell by 4.7 million barrels for the
week ending December 20, the Energy Information Administration
reported. However, analysts were projecting a drop of 2.3 million
barrels. Gasoline inventories dropped by 600,000 barrels, versus
analysts' expectations for a 1.2 million barrels gain.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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