Following the market opening Wednesday, the Dow traded down
0.29 percent to 13,494.20 while the NASDAQ rose 0.11 percent to
3,114.70. The S&P also fell, decreasing 0.14 percent to
Top Headline The financials started reporting in earnest this
morning, with Goldman Sachs kicking (NYSE:
) posting a huge earnings beat with EPS coming in at $5.60, well
above the projected $3.66 per share, while revenues were reported
at $9.24 billion, crushing the $7.83 billion estimates. Shares
traded up a little over 2.0 percent on the news.
Equities Trading UP Genworth Financial (NYSE:
) saw a boost in early trading, rising 9.07 percent to $8.87
after the company announced a comprehensive U.S. mortgage
insurance capital plan this morning.
Shares of Research in Motion (NASDAQ:
) traded up 5.19 percent to $15.23 after it was announced that
the company had received approval from Visa for its mobile
Alnylam Pharmaceuticals (NASDAQ:
) also rose, gaining 5.18 percent to $21.17 after the company
priced its 8 million share public offering at $20.13.
Equities Trading DOWN Chipotle Mexican Grill (NYSE:
) fell in early trading Wednesday, losing 5.05 percent to $282.32
after the company released guidance that places EPS below street
Cobalt Energy (NYSE:
) was also down, falling 6.02 percent to $25.14 after the company
priced a secondary public offering, but did not disclose the
Shares of ANN (NYSE:
) were down as well, dropping 4.35 percent to $31.42 after a UBS
note came out saying aggressive holiday promotions lead to
"lukewarm" holiday results.
Commodities In commodity news, oil traded up 0.25 percent to
$93.51, while gold traded down 0.33 percent to $1,678.40.
Silver traded down 0.25 percent Wednesday to $31.28.
Euro zone In the Euro zone this morning, shares fell, mostly
pulled down by some poor Italian trade data. Leading the fall was
a 1.31 percent drop in the Italian MIB index while the Spanish
Ibex was close behind, falling 0.78 percent.
Economics In economic news this morning, capacity utilization
rate came in at 78.80 percent, above the projected 78.50 percent
and the prior release of 78.40 percent.
CPI year over year was also reported, coming in at 1.70
percent, missing the expected and previous figures of 1.80
percent, while CPI month over month came in flat at 0.0 percent,
equal to expectations and above the prior report of -0.30
Core CPI year over year came in at 1.90 percent, equal to
estimates and the previous report while core CPI month over month
was reported at 0.10 percent, below the projected 0.20 percent
and equal to the previous figure.
TIC net long-term transactions came out at 52.30 billion,
strongly beating the expected 25.0 billion and the prior release
of 1.30 billion.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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