Midway through trading Thursday, the Dow traded down 0.01
percent to 15,104.07 while the NASDAQ rose 0.05 percent to
3,414.18. The S&P also fell, decreasing 0.19 percent to
Top Headline Tesla (NASDAQ:
) reported earnings after the close yesterday, crushing estimates
on both the top and bottom lines. Following the first recorded
profit for the company, a violent short squeeze ensued, sending
shares skyward as high as $72.99.
Shares are currently up 25.84 percent to $70.26.
Equities Trading UP Green Mountain Coffee Roasters (NASDAQ:
) reported earnings after the close Wednesday, and was thrust
into the spotlight once again. Despite missing estimates slightly
on the top line, the company crushed bottom line estimates,
causing shares to rise 24.75 percent to $74.15.
Shares of Barnes & Noble (NYSE:
) were up as well, gaining 17.90 percent to $20.95 after a rumor
that the company's digital Nook unit would be acquired by
) hit the street from a Techcrunch article.
Precision Castparts Corp (NYSE:
) shot up, gaining 8.41 percent to $208.20 after the company
higher-than-expected Q4 results, with a 25 percent increase in
revenue, as compared to the year-ago quarter.
Equities Trading DOWN LivePerson (NASDAQ:
) plummeted early on in trading Thursday, falling 33.88 percent
to $8.43 after the company released some very poor guidance after
the close Wednesday, and subsequently received a slew of
Rackspace Hosting (NYSE:
) was down as well, falling 26.11 percent to $38.60 after the
company missed analyst expectations on the top and bottom lines,
while guiding lower in its earnings report Wednesday.
Shares of Dendreon (NASDAQ:
) were down as well, plummeting 10.34 percent to $4.25 after the
company reported poor earnings before the market opening this
Commodities In commodity news, oil traded down 1.02 percent to
$95.63, while gold traded down 0.53 percent to $1,466.50.
Silver traded down 0.14 percent Thursday to $23.94, while
copper fell 0.98 percent to $3.34.
Eurozone European shares were lower in early trade following
the downgraded forecasts from the European Central Bank and ahead
of the Bank of England's interest rate decision. The Spanish Ibex
Index fell 0.67 percent while the Italian FTSE MIB Index declined
1.2 percent. Meanwhile, the German DAX fell 0.18 percent and the
French CAC 40 declined 0.99 percent while U.K. shares lost 0.08
Economics In economic news Thursday, initial jobless claims
came in at 323.00K, below the anticipated 335.00K and the prior
report of 324.00K
Continuing claims were also reported, coming in at 3.00
million, slightly better than the estimated 3.02 million, which
was equal to the previous report.
Wholesale inventories were in as well, coming in at 0.40
percent, better than the expected 0.30 percent, and much better
than the prior report of -0.30 percent.
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