Stocks are mostly higher today, with strong gains in the tech
sector lifting the S&P 500 to another record high. Shares of
technology companies in S&P 500 are up more than 1.3% as a
group with Google (
) riding a 12% advance and earlier crossing the $1,000 a share mark
for its first time ever after post better-than-expected Q3 results.
Financial and healthcare stocks, however, are struggling and
dragging the Dow Jones Industrials index to a small decline.
Investors also are finding support in the interest-rate
environment, with most market participants again expecting the
Federal Reserve to keep its quantitative easing program in place
due to the dampening impact from the government shutdown and
subsequent deterioration in consumer sentiment. Bond yields have
backed up another 6 to 7 basis points, driving the 10-year yield to
a four-month low of 2.54%.
European markets closed the week on the plus side thanks to
upbeat Chinese economic data as well as encouraging developments on
the political front from Germany as Chancellor Merkel appears close
to forming a coalition government with the SDP.
Crude oil was up $0.46 to $101.12 per barrel. Natural gas was
down $0.05 to $3.93 per 1 million BTU. Gold was down $7.30 to
$1,315.70 an ounce, while silver was down $0.01 to $21.94 an ounce.
Copper was up $0.01 to $3.30 per pound.
Among energy ETFs, the United States Oil Fund was up 0.33% to
$36.50 with the United States Natural Gas Fund was down 1.52% to
$19.04 Amongst precious-metal funds, the Market Vectors Gold Miners
ETF was up 0.07% to 24.50 while SPDR Gold Shares were down 0.28% to
$127.07. The iShares Silver Trust was up 0.45% to $21.14.
Here's where the markets stand at mid-day:
NYSE Composite Index up 26.14 (+0.26%) to 9,960.99
Dow Jones Industrial Average down 9.67 (-0.06%) to 15,361.98
S&P 500 up 6.92 (+0.40%) to 1,740.07
Nasdaq Composite Index up 34.38 (+0.89%) to 3,897.53
Nikkei 225 Index down 0.17%
Hang Seng Index up 1.06%
Shanghai China Composite Index up 0.24%
FTSE 100 Index up 0.71%
CAC 40 up 1.09%
DAX up 0.60%
NYSE SECTOR INDICES
NYSE Energy Sector Index up 0.71%
NYSE Financial Sector Index up 0.11%
NYSE Healthcare Sector Index down 0.53%
(+) GOOG, (+12.1%) Climbs to $1,000 a share for the first time
ever after reporting non-GAAP EPS of $10.74, beating analyst
expectations by $0.09 per share.
(+) CMG, (+13.0%) Q3 revenue increased 18.0% over year-ago
levels to $826.9 million, topping Street view by $6.9 million.
Per-share earnings rise 17.2% to $2.66.
(+) MS, (+2.0%) Reports Q3 EPS of $0.50 on $7.90 bln in revenue,
topping analyst projection looking for a $0.41 per share profit on
$7.52 bln in revenue.
(-) AMD, (-12.1%) Chip-maker reports a quarterly profit for the
first time since early 2012 but was less optimistic about the
current period than analysts expected.
(-) PSVD, (-22.0%) Its Iluvien prospective treatment for eye
disease fails to win FDA approval.
(-) ARIA (-38.9%) Discontinues Phase III trial of its Iclusig
drug candidate in patients with newly diagnosed chronic myeloid
leukemia while the FDA investigates cardiac-related side
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