Midway through trading Thursday, the Dow traded up 1.55
percent to 15,033.07 while the NASDAQ surged 1.89 percent to
3,747.22. The S&P also rose, gaining 1.68 percent to
Top Headline Yesterday, Citrix Systems (NASDAQ:
) lowered its forecast for the third quarter.
The company projects adjusted earnings of $0.68 to $0.69 per
share on revenue of $710 million to $712 million. However,
analysts were expecting earnings of $0.73 per share on revenue of
Equities Trading UP PVR Partners LP (NYSE:
) shot up 14.12 percent to $26.03 after Regency Energy Partners
) announced its
plans to buy
PVR Partners for $5.6 billion.
Shares of Questcor Pharmaceuticals (NASDAQ:
) got a boost, shooting up 7.68 percent to $58.79 after the
lifted its quarterly dividend
) was also up, gaining 8.70 percent to $29.99 after the company
reported upbeat Q3 results.
Equities Trading DOWN Shares of Citrix Systems (NASDAQ:
) were down 11.49 percent to $59.00 after the company lowered its
forecast for the third quarter.
Ariad Pharmaceuticals (NASDAQ:
) shares tumbled 3.86 percent to $5.61 Barclays downgraded the
stock from Overweight to Underweight and lowered the target price
from $25 to $4. Bank of America also
downgraded the stock
from Buy to Neutral.
Regency Energy Partners LP (NYSE:
) was down, falling 6.55 percent to $26.01 after the company
announced its plans to buy PVR Partners for $5.6 billion.
Commodities In commodity news,
oil traded up 1.55 percent
to $103.18, while gold traded down 0.57 percent to $1,299.80.
Silver traded up 0.20 percent Thursday to $21.94, while copper
rose 0.28 percent to $3.24.
Eurozone European shares
today. The Spanish Ibex Index rose 2.24 percent, while Italy's
FTSE MIB Index surged 1.36 percent. Meanwhile, the German DAX
rose 1.96 percent and the French CAC 40 climbed 2.21 percent
while U.K. shares gained 1.37 percent.
Economics US jobless claims rose 66,000 to 374,000 for the
week ended October 5. However, economists were projecting claims
to increase to 312,000, versus an unrevised 308,000 in the
The Bloomberg Consumer Confidence index declined to -29.70 for
the week ended for October 6, versus a prior reading of
Natural gas supplies climbed 90 billion cubic feet for the
week ended October 4, the US Energy Information Administration
reported. However, analysts were expecting a gain of 93 billion
cubic feet to 97 billion cubic feet.
The Treasury is set to auction 30-year bonds.
Data on money supply 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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