Midway through trading Thursday, the Dow traded down 0.14
percent to 15,655.72 while the NASDAQ gained 0.12 percent to
3,788.25. The S&P fell, dropping 0.02 percent to
Top Headline ConAgra Foods (NYSE:
) reported a
in its fiscal first-quarter earnings.
ConAgra's quarterly profit fell to $144.3 million, or $0.34
per share, from $250.1 million, or $0.61 per share, in the
year-ago period. Its earnings from continuing operations came in
at $0.33 per share. Excluding one-time items, its earnings
declined to $0.37 from $0.44 per share.
Its revenue surged 27% to $4.2 billion, missing analysts'
estimates of $4.29 billion.
Equities Trading UP Rite Aid (NYSE:
) shot up 15.63 percent to $4.29 after the company
posted a profit
in its fiscal second quarter.
Shares of GT Advanced Technologies (NASDAQ:
) got a boost, shooting up 8.08 percent to $8.16. UBS upgraded
the stock from Neutral to Buy.
Agilent Technologies (NYSE:
) was also up, gaining 4.38 percent to $51.48 after the company
plans to separate
into two public companies.
Equities Trading DOWN Shares of Pier 1 Imports (NYSE:
) were down 10.72 percent to $21.07 after the company reported a
in its fiscal second-quarter earnings and cut its full-year
) shares tumbled 7.15 percent to $27.01 after
Morgan Stanley downgraded
the stock from Equal-weight to Underweight.
Pacific Coast Oil Trust (NYSE:
) down, falling 7.09 percent to $16.70 after the company priced a
public offering by Pacific Coast Energy Company LP and other
selling unitholders of 13,500,000 trust units at a price of
$17.10 per unit.
Commodities In commodity news, to $107.13, while gold traded
up 4.80 percent to $1,370.30.
Silver traded up 8.19 percent Thursday to $23.33, while copper
rose 1.98 percent to $3.34.
Eurozone European shares today. The Spanish Ibex Index gained
1.01 percent, while Italy's FTSE MIB Index rose 1.43 percent.
Meanwhile, the German DAX gained 0.67 percent and the French CAC
40 rose 0.85 percent while U.K. shares surged 1.01 percent.
Economics US jobless claims rose by 15,000 to 309,000 in the
week ended September 14. However, economists were expecting
claims to rise to 338,000.
US current-account deficit declined around 6% to $98.9 billion
in the second quarter.
The Bloomberg Consumer Confidence Index rose to -29.40 in the
week ended September 15, versus a prior reading of -32.10.
Existing-home sales climbed 1.7% to an annual rate of 5.48
million in August.
The Philadelphia Fed's manufacturing index surged to 22.3 in
September, versus a reading of 9.3 in August.
The Conference Board's index of leading indicators climbed
0.7% to 96.6 in August.
Natural gas supplies rose 46 billion cubic feet for the week
ended September 13, the US Energy Information Administration
reported. However, analysts were expecting a rise of 55 billion
cubic feet to 59 billion cubic feet.
Data on money supply will be released at 4:30 p.m. ET.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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