Toward the end of trading Thursday, the Dow traded down 0.78
percent to 15,623.93 while the NASDAQ declined 1.61 percent to
3,868.87. The S&P also fell, dropping 1.08 percent to
Top Headline The Wendy's Co (NASDAQ:
) reported better-than-expected third-quarter adjusted
Wendy's posted a quarterly loss of $1.9 million, or $0.00 per
share, versus a year-ago loss of $26.2 million, or $0.07 per
share. Its adjusted earnings per share climbed to $0.08 from
Its revenue climbed to $640.8 million from $636.3 million.
However, analysts were projecting earnings of $0.06 per share on
revenue of $640 million. Wendy's lifted its full-year earnings
view to $0.25 per share.
Equities Trading UP HomeAway (NASDAQ:
) shot up 16.19 percent to $33.81 after the company reported a 63
percent rise in its Q3 profit. Raymond James upgraded the stock
from Outperform to Strong Buy.
Shares of Twitter (NYSE:
) got a boost, shooting up 83.35 percent to $47.69 as the social
network began trading on the NYSE. The microblogging site
priced 70 million share
offering at $26.00 per share.
) was also on the rise, gaining 17.11 percent to $25.19 after the
company reported some positive phase 1 data.
Equities Trading DOWN Shares of Nationstar Mortgage Holdings
) were down 18.53 percent to $40.10 after the company reported Q3
results. Stonegate Mortgage announced its
plans to acquire
Nationstar's wholesale lending channel.
Whole Foods Market (NASDAQ:
) shares tumbled 11.35 percent to $57.14 after the company
reported downbeat fiscal fourth-quarter revenue and lowered its
Solar City (NASDAQ:
) was also down, falling 17.76 percent to $49.09 after the
company reported earnings following the close Wednesday.
Commodities In commodity news,
oil traded down 0.59 percent
to $94.24, while gold traded down 0.91 percent to $1,305.70.
Silver traded down 0.63 percent Thursday to $21.64, while
copper rose 0.06 percent to $3.23.
Eurozone European shares
were mostly lower
today. The Spanish Ibex Index dropped 0.87 percent, while Italy's
FTSE MIB Index tumbled 1.82 percent. Meanwhile, the German DAX
gained 0.58 percent and the French CAC 40 declined 0.07 percent
while U.K. shares fell 0.65 percent.
Economics US jobless claims declined by 9,000 to 336,000 in
the week ended November 2. However, economists were projecting
claims to drop to 335,000.
The US economy expanded by 2.8 percent in the third quarter.
However, economists were expecting a 2.3 percent growth.
The Bloomberg Consumer Comfort Index fell to minus 37.9 in the
week ended November 3, versus minus 37.6.
Natural gas supplies climbed 35 billion cubic feet for the
week ended November 1, the US Energy Information Administration
reported. However, analysts were expecting a rise of 34 billion
cubic feet to 38 billion cubic feet. Data on consumer credit for
September will be released at 3:00 p.m. ET, while money supply
data 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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