Following the market opening Thursday, the Dow traded up 0.47
percent to 13,843.77 while the NASDAQ fell 0.25 percent to
3,145.63. The S&P also rose, increasing 0.46 percent to
Top Headline In earnings this morning there were a few notable
releases, one that made headlines was Nokia (NYSE:
) which came out missing EPS estimates by over 16 percent and
revenue estimates by just under 2 percent. Following the report,
shares spiked down over 7.3 percent, erasing much of the gains
made earlier in the month.
Equities Trading UP Netflix (NASDAQ:
) had its day after the close Wednesday, crushing analyst
estimates causing a sharp short squeeze. Shares were up 39.66
percent in the premarket to $144.21 on the news.
Swift Transportation (NYSE:
) was also up, gaining a solid 23.46 percent to $12.63 after the
company beat street estimates on both the top and bottom
Shares of F5 Networks (NASDAQ:
) were up as well, rising 6.27 percent to $105.01 after the
company missed estimates but posted better than expected
Equities Trading DOWN Mellanox Technologies (NASDAQ:
) traded down 12.79 percent to $45.08 despite posting an earnings
beat after the close Wednesday, possibly linked to downgrades at
Craig-Hallum and Pacific Crest.
Shares of Apple (NASDAQ:
) were also down, falling 9.73 percent to $464.00 after the
company posted a thin beat of analyst expectations, but
disappointed traders on its earnings call.
) took a hit as well, falling 3.95 percent to $33.79 after the
company missed street estimates on both the top and bottom
Commodities In commodity news, oil traded up 0.75 percent to
$95.94, while gold traded down 0.97 percent to $1,670.50.
Silver traded down 0.40 percent Thursday to $31.78.
Eurozone European markets posted mixed results this morning
after Apple's poor earnings report and some stronger than
expected Chinese economic data. Leading the gainers, U.K. shares
rose 0.27 percent while the French CAC rose 0.23 percent.
Economics In economic news, initial jobless claims came in at
330 thousand, below the projected 355 thousand and the prior
report of 335 thousand, while continuing claims came in at 3.157
million, edging below expectations of 3.20 million and the prior
release of 3.214 million.
The Markit US PMI preliminary was also out, coming in at 56.1,
beating expectations of 53.0 and the previous report of 54.0.
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