Midway through trading Thursday, the Dow traded down 0.08
percent to 13,972.18 while the NASDAQ rose 0.11 percent to
3,200.18. The S&P also rose, increasing 0.07 percent to
Index Technicals: For technicals on the major indices today,
the S&P looks poised to bounce off its 1515 support, while
having a second level of support at 1495 if it falls further.
The NASDAQ looks set to reject its September 12th resistance
breakout, with support landing around 3125.
The Dow looks ready to bounce of 13940 intraday, while it
should reside in the 14022-13860 range.
The RUT looks to be holding a 915 breakout sitting at 920
Top Headline In a wild morning of news, Berkshire Hathaway and
3G's purchase of Heinz (NYSE:
) for $72.50 per share, roughly a 20 percent premium on
yesterday's close. Following the news, shares briefly shot up
above $73 on the rumor of a special dividend before the
transaction closes, but have since settled around $72.54.
Equities Trading UP Constellation Brands (NYSE:
) shot up 36.06 percent to $43.38 in the pre-market after it was
announced that AB InBev had revised its Modelo deal to meet US
Shares of Zillow (NASDAQ:
) also got a boost, shooting up 11.62 percent to $43.50 after the
company posted a big earnings beat after the close Wednesday.
Angie's List (NASDAQ:
) was also up gaining 24.30 percent to $16.93 after its earnings
report Wednesday evening.
Equities Trading DOWN Weight Watchers (NYSE:
) traded down 15.95 percent to $45.48 after issuing a decline in
profit and some poor 2013 guidance.
) was also down, falling 22.14 percent to $33.46 after the
company matched earnings expectations but lowered its dividend
Shares of Ulta Salon (NASDAQ:
) were down as well, dropping 11.57 percent to $87.98 after the
company's CEO resigned.
Commodities In commodity news, oil traded up 0.42 percent to
$97.42, while gold traded down 0.61 percent to $1,635.40.
Silver traded down 0.57 percent Thursday to $30.30.
Eurozone In the eurozone this morning, markets fell sharply on
some very poor GDP data. The Spanish Ibex lead the fall, dropping
1.23 percent, while the Italian MIB index nose-dived 0.83
percent. The German DAX also displayed a significant fall,
dropping 0.58 percent.
Economics In economic news for Thursday, initial jobless
claims came in at 341K, beating the estimated 360K and the prior
report of 368K.
Continuing jobless claims were also reported, coming in at
3.114 million, lower than the projected 3.205 million and the
previous release of 3.224 million.
(c) 2013 Benzinga.com. Benzinga does not provide investment
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