Toward the end of trading Monday, the Dow traded up 0.35
percent to 15,937.04 while the NASDAQ dropped 0.35 percent to
4,113.61. The S&P also fell, declining 0.17 percent to
Top Headline Caterpillar (NYSE:
) reported a 44% rise in its fourth-quarter profit.
Caterpillar's quarterly profit surged to $1 billion, or $1.54
per share, versus a year-ago profit of $697 million, or $1.04 per
share. Its revenue declined to $14.40 billion from $16.08
billion. However, analysts were expecting a profit of $1.27 per
share on sales of $13.41 billion. Caterpillar announced its plans
to buy back $10 billion in common stock by the end of 2018.
Equities Trading UP Millennial Media (NYSE:
) shot up 10.28 percent to $7.40 as the company
lifted its Q4
forecast and announced the resignation of its founder and CEO
Shares of Caterpillar (NYSE:
) got a boost, shooting up 5.73 percent to $91.10 after the
) was also up, gaining 6.88 percent to $8.98 after the company
announced a deal with Pogoplug to offer customers unlimited cloud
storage and backup.
Equities Trading DOWN Shares of Geron (NASDAQ:
) were down 12.45 percent to $4.92 after the company reported
that 20 patients have discontinued from Imetelstat study since
) shares tumbled 12.44 percent to $11.75 after the company
reported downbeat Q2 results.
Allied Nevada Gold (NYSE:
) was down as well, falling 8.95 percent to $4.425 after the
company divested from a "non-core" property. Commodities In
oil traded down 1.03 percent
to $95.64, while gold traded down 0.86 percent to $1,253.80.
Silver traded down 1.34 percent Monday to $19.68, while copper
fell 0.40 percent to $3.26.
Eurozone European shares
The Spanish Ibex Index dropped 0.95 percent, while Italy's
FTSE MIB Index dropped 0.44 percent.
Meanwhile, the German DAX declined 0.33 percent and the French
CAC 40 fell 0.41 percent while U.K. shares tumbled 3.19
Economics Sales of new homes declined 7% to an annual rate of
414,000 in December, but climbed 4.5% y/y in the month. However,
economists were projecting an annual rate of 455,000 in the
The Dallas Fed general business activity index rose to 3.80 in
January, versus a prior reading of 3.10. However, economists were
expecting a reading of 3.50.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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