Midway through trading Thursday, the Dow traded down 1.08
percent to 16,196.77 while the NASDAQ tumbled 0.90 percent to
4,204.68. The S&P also fell, dropping 0.97 percent to
Top Headline McDonald's (NYSE:
fourth-quarter earnings. McDonald's quarterly earnings rose to
$1.397 billion, or $1.40 per share, versus a year-ago profit of
$1.396 billion, or $1.38 per share. Its revenue gained 2% to
$7.09 billion. However, analysts were expecting a profit of $1.39
per share on revenue of $7.1 billion. McDonald's global sales
fell 0.1% at established locations.Equities Trading UP Logitech
International SA (NASDAQ:
) shot up 22.23 percent to $16.16 after the company reported
strong FQ3 results and lifted its full-rear guidance.
Shares of Netflix (NASDAQ:
) got a boost, shooting up 14.86 percent to $383.31 after the
F5 Networks (NASDAQ:
) was also up, gaining 6.69 percent to $104.00 after the company
reported upbeat FQ1 results and issued strong FQ2 outlook. Janney
Capital upgraded the stock from Neutral to Buy and lifted the
price target from $83.00 to $122.00.
Equities Trading DOWN
Shares of Hercules Offshore (NASDAQ:
) were down 14.61 percent to $4.91. Global Hunter downgraded the
stock from Buy to Neutral and cut the price target from $12.00 to
Briggs & Stratton (NYSE:
) shares tumbled 6.38 percent to $21.28 after the company
reported downbeat Q2 results and lowered its FY14 earnings
American Eagle Outfitters (NYSE:
) was down, falling 10 percent to $12.88 after the company
reported that its
CEO Robert Hanson
is leaving the company. Stifel Nicolaus downgraded the stock from
Buy to Hold.
Commodities In commodity news, oil
traded up 0.92 percent
to $97.62, while gold traded up 1.91 percent to $1,262.30. Silver
traded up 1.21 percent Thursday to $20.08, while copper fell 1.51
percent to $3.29.
Eurozone European shares
today. The Spanish Ibex Index declined 0.37 percent, while
Italy's FTSE MIB Index tumbled 0.72 percent. Meanwhile, the
German DAX fell 0.92 percent and the French CAC 40 slipped 1.02
percent while U.K. shares declined 0.78 percent.
Economics U.S. initial jobless claims rose by 1,000 to 326,000
in the week ended January 18. However, economists were estimating
claims to total 330,000 in the week. U.S. Chicago Fed National
Activity Index fell to 0.16 in December. However, economists were
expecting a reading of 0.90. Home prices rose 0.1% in November,
and gained 7.6% y/y in the month, according to the Federal
Housing Finance Agency. The flash reading of the U.S.
manufacturing PMI declined to 53.7 in January, versus December's
reading of 55. However, economists were expecting a reading of
55. The Bloomberg Consumer Comfort Index came in at -31.00 for
the week ended January 19, versus a prior reading of -31.00.
Sales of existing U.S. homes climbed 1% to an annual rate of 4.87
million in December. However, economists were estimating a rate
of 4.9 million in the month. The Conference Board's index of
leading indicators rose 0.10% in December, versus economists'
expectations for a 0.20% growth. Natural gas supplies fell by 107
billion cubic feet for the week ended January 17, the U.S. Energy
Information Administration said. However, analysts were
projecting a drop of 102 billion cubic feet to 106 billion cubic
feet. Crude supplies climbed by 1 million barrels for the week
ended January 17, the U.S. Energy Information Administration
reported. However, analysts were expecting a fall of 1.9 million
barrels. Data on money supply will be released at 4:30 p.m.
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advice. All rights reserved.
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