Midway through trading Friday, the Dow traded down 0.02
percent to 16,477.38 while the NASDAQ declined 0.20 percent to
4,158.96. The S&P also fell, dropping 0.04 percent to
Top Headline Yesterday, Textron (NYSE:
) agreed to buy acquire Beechcraft for around $1.4 billion in
cash. The deal is expected to close during the first half of
2014. In 2013, Beechcraft has around $1.8 billion in expected
Equities Trading UP Shares of Textron (NYSE:
) got a boost, shooting up 1.57 percent to $36.77 after the
company agreed to buy acquire Beechcraft for around $1.4 billion
Westlake Chemical (NYSE:
) shot up 2.14 percent to $120.83 after analysts at Susquehanna
upgraded the stock from Neutral to Positive and lifted the target
price from $118 to $145.
Organovo Holdings (NYSE:
) was also up, gaining 2.98 percent to $9.32. The rise in the
shares may be attributed to Thursday's Computerworld Article on
3D printed liver coming in 2014.
Equities Trading DOWN Shares of Twitter (NYSE:
) were down 6.27 percent to $68.71 after Macquarie downgraded the
stock from Neutral to Underperform.
) tumbled 6.15 percent to $29.38. Textura shares tumbled 17.06
percent yesterday after Citron Research issued a scathing report
on the company midway through the morning Thursday.
Ariad Pharmaceuticals (NASDAQ:
) was down, falling 6.29 percent to $6.56. Ariad shares have
dropped 63.95 percent over the past 52 weeks.
Commodities In commodity news,
oil traded up 0.76 percent
to $100.31, while gold traded up 0.14 percent to $1,214.00.
Silver traded up 0.55 percent Friday to $20.03, while copper fell
0.26 percent to $3.39.
Eurozone European shares
today. The Spanish Ibex Index gained 0.82 percent, while Italy's
FTSE MIB Index climbed 1.39 percent. Meanwhile, the German DAX
surged 1.06 percent and the French CAC 40 jumped 1.40 percent
while U.K. shares gained 0.85 percent.
US crude oil inventories fell by 4.7 million barrels for the
week ending December 20, the Energy Information Administration
reported. However, analysts were projecting a drop of 2.3 million
barrels. Gasoline inventories dropped by 600,000 barrels, versus
analysts' expectations for a 1.2 million barrels gain.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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