Midway through trading Friday, the Dow traded up 0.03 percent
to 15,555 while the NASDAQ declined 0.32 percent to 3,907. The
S&P also fell, dropping 0.14 percent to 1,754.
Top Headline Chevron (NYSE:
) reported a
5.8 percent drop
in its third-quarter earnings.
Chevron's quarterly profit fell to $4.95 billion, or $2.57 per
share, from a year-ago profit of $5.25 billion, or $2.69 per
Its revenue rose 0.8 percent to $58.5 billion. However,
analysts were expecting earnings of $2.71 per share on revenue of
Equities Trading UP First Solar (NASDAQ:
) shot up 14.92 percent to $57.81 after the company reported
upbeat third-quarter results
and lifted its full-year earnings forecast.
Shares of Office Depot (NYSE:
) got a boost, shooting up 3.76 percent to $5.80 after the US
Federal Trade Commission closed probe of proposed Office
Southwestern Energy Co (NYSE:
) was also up, gaining 1.72 percent to $37.86 after the company
reported Q3 financial and operating results. Stifel Nicolaus
upgraded the stock from Hold to Buy.
Equities Trading DOWN Shares of Ellie Mae (NYSE:
) were down 18.27 percent to $23.62 after the company reported a
weaker-than-expected Q3 profit. Ellie Mae also signed a
agreement to buy
American International Group (NYSE:
) shares tumbled 6.18 percent to $48.46 after the company
reported a 17 percent rise in its third-quarter net income.
) was down, falling 6.18 percent to $19.19 on Q3 results.
Commodities In commodity news,
oil traded down 1.27 percent
to $95.16, while gold traded down 1.16 percent to $1,308.40.
Silver traded down 0.26 percent Friday to $21.81, while copper
fell 0.06 percent to $3.30.
Eurozone European shares
today. The Spanish Ibex Index fell 0.01 percent, while Italy's
FTSE MIB Index declined 0.08 percent. Meanwhile, the German DAX
rose 0.01 percent and the French CAC 40 gained 0.10 percent while
U.K. shares rose 0.19 percent.
Economics The final reading of Markit manufacturing PMI surged
to 51.8 in October, versus a flash reading of 51.1.
The ISM manufacturing index rose to 56.40 in October, from a
prior reading of 56.20. However, economists were expecting a
reading of 55.00.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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