Midway through trading Thursday, the Dow traded up 0.08
percent to 14,086.55 while the NASDAQ rose 0.28 percent to
3,171.13. The S&P also rose, gaining 0.19 percent to
Index Technicals: The S&P looks ready to regain its 20 EMA
today with overhead resistance at 1,531, while the 1,515-1,518
area could act as support.
The Dow is poised to break out to new highs today over its
The Russel shows that it may regain its 20 EMA, with 918-920
Finally, the NASDAQ looks poised to regain its 20 EMA as well,
while finding resistance in the 3,175-3,185 area.
Top Headline Yesterday, Groupon (NASDAQ:
) reported a Q4 loss and issued downbeat Q1 revenue forecast.
Groupon's quarterly loss widened to $81.1 million, or $0.12 per
share, versus a year-earlier loss of $65.4 million, or $0.12 per
share. Its revenue climbed to $638.3 million from $492 million.
However, analysts had projected earnings of $0.03 per share on
revenue of around $640 million. Analysts at Wells Fargo and
Raymond James also downgraded the stock following the news.
Equities Trading UP Chart Industries (NASDAQ:
) shot up 9.35 percent to $71.66 after the company reported
upbeat fourth-quarter results. Shares of Universal Display
) got a boost, shooting up 12.72 percent to $31.45 after the
company's Q4 revenue surpassed analysts' estimates. FARO
) was also up, gaining 13.21 percent to $40.76 after the company
reported strong Q4 earnings.
Equities Trading DOWN BroadSoft (NASDAQ:
) shares tumbled 27.76 percent to $22.33 after the company issued
downbeat forecast. Groupon (NASDAQ:
) was also down, falling 20.52 percent to $4.76 after the company
reported a Q4 loss. Shares of J. C. Penney Company (NYSE:
) were down 15.26 percent to $17.93, after the company posted a
wider fourth-quarter loss.
Commodities In commodity news, oil traded down 0.32 percent to
$92.46, while gold traded down 1.27 percent to $1,575.40. Silver
traded down 1.62 percent Thursday to $28.52, while copper dropped
0.51 percent to $3.55.
Eurozone European shares were higher today. The Spanish Ibex
Index rose 1.15 percent and the Italian FTSE MIB Index rose 0.60
percent. The STOXX Europe 600 Index surged 0.96 percent, London's
FTSE 100 Index gained 0.55 percent, French CAC 40 Index climbed
0.85 percent and German DAX 30 index rose 0.86 percent. Economics
Initial jobless claims declined by 22,000 to 344,000 in the week
ended February 23. However, economists were expecting initial
jobless claims level of 362,000. Continuing claims fell by 91,000
to 3.07 million in the week ended February 16. The US economy
grew 0.1% in the last three months of 2012, versus 3.1% growth in
the third quarter, missing economists' expectations for a 0.5%
growth. The Chicago PMI climbed to 56.8 in February versus 55.6
in January, surpassing economists' estimates of 54.0. US natural
gas supplies declined 171 billion cubic feet for the week ended
February 22, according to the EIA. However, analysts were
expecting a fall between 166 billion and 170 billion cubic feet.
The Bloomberg Consumer Comfort Index rose to -32.8 in the period
ended Feb. 24, versus -33.4 last week. The Kansas City Fed's
manufacturing composite index fell to -10 in February, versus -2
in January. In addition, the Fed's Sarah Bloom Raskin, Richard
Fisher, and Charles Evans are set to speak.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Gain access to more investing ideas, tools & education.
Get Started on Marketfy, the first ever curated
& verified Marketplace for everything trading.