Midway through trading Friday, the Dow traded up 0.38 percent
to 15,183.68 while the NASDAQ surged 0.41 percent to 3,776.09.
The S&P also rose, gaining 0.34 percent to 1,698.27.
Top Headline J.P. Morgan Chase (NYSE:
) reported a
loss in the
J.P. Morgan posted a quarterly loss of $400 million, or $0.17
per share, versus a year-ago profit of $5.7 billion, or $1.40 per
share. Excluding charges, it earned $1.42 per share in the recent
Its revenue on a managed basis declined 7.7% to $23.88
billion. However, analysts were estimating earnings of $1.17 per
share on revenue of $23.94 billion. J.P. Morgan's commercial
banking profit declined 3.6% y/y to $665 million, while mortgage
banking profit rose 13% to $705 million.
Equities Trading UP Seaspan (NYSE:
) shot up 9.75 percent to $21.60 after the company
announced the termination
of its public offerings of common shares and convertible
Shares of SolarCity (NASDAQ:
) got a boost, shooting up 21.58 percent to $46.60 after the
company lifted its outlook for 2014.
) was also up, gaining 20.82 percent to $35.74 after the company
priced 5,045,215 shares
of common stock at $29.25 per share by selling shareholders.
Equities Trading DOWN Shares of The Gap (NYSE:
) were down 7.22 percent to $36.63 after the company reported a
3% drop in its same-store sales in September.
Micron Technology (NASDAQ:
) shares tumbled 5.48 percent to $17.42 despite a
FQ4 net profit.
NPS Pharmaceuticals (NASDAQ:
) was down, falling 9.42 percent to $30.03 after a large block
trade made by Takeda to Jefferies.
Commodities In commodity news,
oil traded down 1.57 percent
to $101.39, while gold traded down 2.22 percent to $1,268.10.
Silver traded down 3.04 percent Friday to $21.23, while copper
rose 0.57 percent to $3.27.
Eurozone European shares today. The Spanish Ibex Index fell
0.09 percent, while Italy's FTSE MIB Index rose 0.16 percent.
Meanwhile, the German DAX rose 0.32 percent and the French CAC 40
rose 0.04 percent while U.K. shares gained 0.78 percent.
Economics The Reuters/University of Michigan's consumer
sentiment index dropped to a preliminary reading of 75.20 in
October, versus a final reading of 77.50 in September. However,
economists were projecting a reading of 75.30.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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