Midway through trading Thursday, the Dow traded up 0.29
percent to 16,087.25 while the NASDAQ surged 0.34 percent to
4,252.19. The S&P also rose, gaining 0.32 percent to
Leading and Lagging Sectors Utilities sector surged 0.26%, saw
CPFL Energia SA (NYSE:
) as the top gainer. Among leading sector stocks, gains came from
Consolidated Water Co (NASDAQ:
), Companhia Paranaense de Energia (NYSE:
) and Public Service Enterprise Group (NYSE:
In trading on Thursday, technology shares were relative
laggards, down on the day by about 0.08%. Top decliners in the
sector included KVH Industries (NASDAQ:
), off 8.6%, and Yandex NV (NASDAQ:
), down 7.3%.
Top Headline After the closing bell Wednesday, Facebook
) announced its
plans to buy
popular messaging service WhatsApp for $16 billion in cash and
stock. Facebook will pay $12 billion in stock and $4 billion in
cash, plus $3 billion in restricted stock units, to buy
Equities Trading UP Raptor Pharmaceuticals (NASDAQ:
) shot up 16.62 percent to $17.40 after the company announced
positive clinical results
with RP103 in Huntington's disease Phase 2/3 trial.
Shares of Portfolio Recovery Associates (NASDAQ:
) got a boost, shooting up 13.47 percent to $57.28 after the
company reported Q4 results and
agreed to acquire
Aktiv Kapital for $880 million.
Tesla Motors (NASDAQ:
) was also up, gaining 8.11 percent to $209.34 after the company
Equities Trading DOWN Shares of Conns (NASDAQ:
) were down 32.47 percent to $37.68 after the company issued a
weak Q4 profit forecast. Oppenheimer downgraded the stock from
Outperform to Market Perform and cut the price target from $92.00
Millennial Media (NYSE:
) shares tumbled 13.75 percent to $6.21 after the company
reported downbeat Q4 revenue and issued a weak Q1 revenue
guidance. The company also
appointed Ross Levinsohn
and Tom Evans to its Board of Directors.
BJ's Restaurants (NASDAQ:
) was down, falling 8.21 percent to $26.61 on Q4 results.
Commodities In commodity news, oil traded down 0.15 percent to
$103.15, while gold traded down 0.36 percent to $1,315.60.
Silver traded down 0.62 percent Thursday to $21.72, while
copper fell 0.50 percent to $3.26.
Eurozone European shares were lower today.
The Spanish Ibex Index fell 0.35 percent, while Italy's FTSE
MIB Index declined 0.50 percent.
Meanwhile, the German DAX tumbled 1 percent and the French CAC
40 slipped 0.11 percent while U.K. shares declined 0.16
Economics US jobless claims fell by 3,000 to 336,000 in the
week ended February 15. However, economists were estimating
claims to decline to 335,000 in the week.
US consumur prices climbed 0.1% in January, while the core CPI
increased 0.1%. However, economists were projecting the overall
CPI to gain 0.1% and core index to gain 0.1%.
The Markit PMI manufacturing index (flash) for February rose
to 56.70, versus a prior reading of 53.70. However, economists
were expecting a reading of 53.60.
The Bloomberg Consumer Comfort Index rose to -30.60 in the
latest week, versus a prior reading of-30.70.
US Philadelphia Fed manufacturing index fell to -6.30 in
February, versus a prior reading of 9.40. However, economists
were expecting a reading of 8.00.
The Conference Board's index of leading indicators increased
0.3% in January.
Data on money supply will be released at 4:30 p.m. ET.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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