Midway through trading Wednesday, the Dow traded up 1.26
percent to 15,358.64 while the NASDAQ surged 1.11 percent to
3,836.04. The S&P also rose, gaining 1.28 percent to
Top Headline Bank of America (NYSE:
) reported a
rise in its third-quarter
Bank of America's quarterly profit surged to $2.5 billion,
from $340 million, in the year-earlier quarter. Its per share
earnings came in at $0.20, beating analysts' estimates of $0.19
Its revenue declined to $22.2 billion, from $22.5 billion.
Equities Trading UP Advance Auto Parts (NYSE:
) shot up 16.24 percent to $ 95.90 after the company announced
plans to buy
General Parts for $2.04 billion.
Shares of MGIC Investment (NYSE:
) got a boost, shooting up 14.83 percent to $8.34 after the
company reported upbeat Q3 profit.
) was also up, gaining 2.74 percent to $42.69 after the company
in its third-quarter net income.
Equities Trading DOWN Shares of Stanley Black & Decker
) were down 13.39 percent to $77.53 after the company reported a
in its third-quarter earnings and cut its outlook for the
) shares tumbled 6.63 percent to $5.21 after the company
priced 45 million shares
of common stock at $5.00 per share.
Green Dot (NASDAQ:
) was down, falling 4.91 percent to $20.55 after Janney Capital
downgraded the stock from Neutral to Sell.
Commodities In commodity news, to $102.08, while gold traded
down 0.07 percent to $1,272.30.
Silver traded up 0.16 percent Wednesday to $21.23, while
copper rose 0.20 percent to $3.31.
Eurozone European shares today. The Spanish Ibex Index rose
0.75 percent, while Italy's FTSE MIB Index gained 1.45 percent.
Meanwhile, the German DAX rose 0.47 percent and the French CAC 40
declined 0.29 percent while U.K. shares gained 0.34 percent.
Economics The MBA's index of mortgage application activity
fell 0.30% for the week ended October 11, from a prior reading of
The NAHB housing market index declined to 55 in October,
versus 57 in September. However, economists were expecting a
reading of 57.00.
The Federal Reserve will release its Beige Book at 2:00 p.m.
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advice. All rights reserved.
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