Midway through trading Monday, the Dow traded up 0.26 percent
to 16,002.76 while the NASDAQ declined 0.05 percent to 3,983.93.
The S&P also rose, gaining 0.05 percent to 1,799.00.
Top Headline Tyson Foods (NYSE:
reported a rise
in its fourth-quarter profit.
Tyson's quarterly profit surged to $261 million, or $0.70 per
share, versus a year-ago profit of $181 million, or $0.51 per
share. Its adjusted earnings gained to $0.70 per share from $0.55
Its revenue surged to $8.9 billion from $8.3 billion. However,
analysts were estimating earnings of $0.69 per share on revenue
of $8.8 billion.
Equities Trading UP JinkoSolar Holding Co (NYSE:
) shot up 14.78 percent to $33.86 after the company reported its
Q3 profit of $1.44 per share and lifted its full-year outlook for
solar module shipments.
Shares of Tyson Foods (NYSE:
) got a boost, shooting up 2.50 percent to $29.49 after the
company reported higher Q4 profit.
) was also up, gaining 1.56 percent to $54.98 after the company
announced withdrawal of proposed offering of convertible
Equities Trading DOWN Shares of Microsoft (NASDAQ:
) were down 1.40 percent to $37.31 after analysts at Bank of
downgraded the stock
from Neutral to Underperform.
) shares tumbled 8.90 percent to $6.2680 after
downgraded the stock from Neutral to Sell and lowered the price
target from $8.00 to $6.00.
) was down, falling 2.71 percent to $42.79 after
coverage on the stock with a Sell rating.
Commodities In commodity news,
oil traded up 0.34 percent
to $94.16, while gold traded down 0.75 percent to $1,277.80.
Silver traded down 1.05 percent Monday to $20.51, while copper
fell 0.52 percent to $3.17.
Eurozone European shares today. The Spanish Ibex Index rose
0.88 percent, while Italy's FTSE MIB Index surged 2.16 percent.
Meanwhile, the German DAX gained 0.74 percent and the French CAC
40 climbed 0.66 percent while U.K. shares rose 0.45 percent.
Economics The NAHB housing market index came in at 54 in
November, versus a revised reading of 54 in October. However,
economists were expecting a reading of 55.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.