Midway through trading Thursday, the Dow traded up 0.12
percent to 13,267.20 while the NASDAQ fell 0.06 percent to
3,042.86. The S&P also rose, increasing 0.18 percent to
It was announced this morning that the Intercontinental Exchange
would acquire the New York Stock Exchange (NYSE:
) for $8.2 billion in cash, or $33.12 per share. This sent shares
of of the NYSE up over 34 percent in early trading and provided
increased interest in other publicly traded exchanges.
Equities Trading UP
Rite Aid (NYSE:
) traded up 10.59 percent to $1.15 after posting a solid earnings
report Thursday morning.
Shares of Steelcase (NYSE:
) rose 10.93 percent to $12.79 after posted better than expected
guidance after the close Wednesday.
) was also up, gaining 7.96 percent to $56.32 after a report of a
higher bid from Roche reached the street this morning.
Equities Trading DOWN
Allscripts Healthcare (NASDAQ:
) was among the top stocks falling this morning, trading down
14.37 percent to $9.15 after the company fired its CEO and
announced it would not pursue a sale.
The Greenbrier Companies (NYSE:
) was also down, falling 12.47 percent to $18.04 following a
series of downgrades this morning.
Shares of Bed Bath & Beyond (NASDAQ:
) were down as well, dropping 7.67 percent to $55.65 following
some poor guidance after the close Thursday and a downgrade at
Bank of America.
In commodity news, oil traded down 0.10 percent to $89.42, while
gold traded down 1.57 percent to $1,640.40.
Silver traded down 1.90 percent Thursday to $29.69.
European markets fell earlier this morning, pushed down by
continuing fears over the US fiscal cliff, lead down by the
Spanish Ibex and Italian MIB index.
In economic news Thursday morning, initial jobless claims were
reported at 361 thousand, slightly above the anticipated 361
thousand and well above the prior report of 343 thousand.
Continuing claims were also reported, coming in at 3.225
million, above the expected 3.205 million, and the prior release
of 3.198 million.
GDP price index came in at 2.7 percent, in line with
expectations and the last report, while GDP quarter over quarter
came in at 3.1 percent, above the expected 2.8 percent and the
last report of 2.7 percent.
Existing home sales came in at 5.9 percent, well above the
anticipated 2.3 percent and the prior report of 1.5 percent.
Personal consumption was out as well, coming in at 1.6 percent,
beating the projected and prior figure of 1.4 percent.
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