Midway through trading Thursday, the Dow traded up 0.50
percent to 14,898.12 while the NASDAQ surged 1.08 percent to
3,632.08. The S&P also rose, gaining 0.60 percent to
Top Headline Campbell Soup Co (NYSE:
upbeat adjusted profit in the fiscal fourth quarter.
Campbell Soup posted a quarterly loss of $158 million, or
$0.50 per share, versus a year-earlier profit of $127 million, or
$0.40 per share. Its adjusted earnings climbed to $142 million,
of $0.45 per share, versus $130 million, or $0.41 per share.
Its net sales surged to $1.72 billion from $1.52 billion,
while adjusted sales gained 13% to $1.82 billion. However,
analysts were projecting earnings of $0.42 per share on sales of
Equities Trading UP Vodafone Group Public Limited Company
) shot up 8.09 percent to $31.79. Verizon (NYSE:
) is in talks to buy out Vodafone.
Shares of Guess? (NYSE:
) got a boost, shooting up 12.38 percent to $30.69 after the
company reported better-than-expected second-quarter results.
lifted its price target
on the stock from $27.00 to $29.00.
Verizon Communications (NYSE:
) was also up, gaining 3.46 percent to $48.17 as the company is
in talks to buy out Vodafone.
Equities Trading DOWN Shares of The Fresh Market (NASDAQ:
) were down 10.03 percent to $48.83 after the company lowered its
full year earnings view. Analysts at UBS downgraded the stock
from Buy to Neutral.
Signet Jewelers (NYSE:
) shares tumbled 4.14 percent to $66.94 after the company
drop in its second-quarter
) was down, falling 9.50 percent to $62.94 after the company
issued weak Q2 outlook.
Commodities In commodity news,
oil traded down 0.86 percent
to $109.15, while gold traded down 0.97 percent to $1,405.00.
Silver traded down 2.35 percent Thursday to $23.87, while
copper fell 1.65 percent to $3.26.
Eurozone European shares
today. The Spanish Ibex Index gained 0.40 percent, while Italy's
FTSE MIB Index gained 0.97%. Meanwhile, the German DAX rose 0.45
percent and the French CAC 40 climbed 0.65 percent while U.K.
shares surged 0.82 percent.
Economics US jobless claims fell by 6,000 to 331,000 in the
week ended August 24. However, economists were projecting a
claims level of 330,000.
The US economy expanded at a 2.5% annual rate in the second
quarter, according to revised estimates.
The Bloomberg Consumer Comfort Index declined to -31.7 for the
week ended August 25, versus -28.8 in the previous week.
Natural-gas supplies rose 67 billion cubic feet for the week
ended August 23, the US Energy Information Administration
reported. However, analysts were expecting a rise between 61
billion cubic feet and 65 billion cubic feet.
The Treasury is set to auction 7-year notes.
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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