Wednesday, the Dow traded up 0.08 percent to 14,787.63 while the
NASDAQ surged 0.22 percent to 3,586.36. The S&P also rose,
gaining 0.08 percent to 1,631.73.
Top Headline Joy Global (NYSE:
) reported a 5.3% fall in its fiscal third-quarter earnings.
Joy Global's quarterly profit fell to $183.2 million, or $1.71
per share, from $193.5 million, or $1.81 per share, in the
year-ago period. Excluding one-time items, its earnings declined
to $1.70 per share from $1.87 per share.
Its sales declined 4.9% to $1.32 billion. However, analysts
were expecting earnings of $1.37 per share on revenue of $1.18
billion. Joy Global reported a 36% drop in its orders.
Equities Trading UP Astex Pharmaceuticals (NASDAQ:
) shot up 20.80 percent to $6.62 after the company announced
of SGI-110 AML Phase 2 study.
Shares of Express (NYSE:
) got a boost, shooting up 8.33 percent to $21.45 after the
company reported a 6.8% rise in its
fiscal second-quarter profit
and lifted its full-year earnings forecast.
Avago Technologies (NYSE:
) was also up, gaining 6.72 percent to $39.01 after the company
issued upbeat fiscal fourth-quarter sales forecast.
Equities Trading DOWN Shares of AutoNavi Holdings (NASDAQ:
) were down 10.37 percent to $13.13 after the company reported
downbeat Q2 results.
Joy Global (NYSE:
) shares tumbled 5.03 percent to $48.73 on
Ryanair Holdings plc (NASDAQ:
) was down, falling 2.79 percent to $47.26 after the U.K.
regulator ordered the airline to lower its 28.9% stake in Aer
Commodities In commodity news,
oil traded up 0.87 percent
to $109.96, while gold traded up 0.47 percent to $1,426.90.
Silver traded up 0.57 percent Wednesday to $24.84, while
copper fell 0.57 percent to $3.32.
Eurozone European shares today. The Spanish Ibex Index dropped
1.08 percent, while Italy's FTSE MIB Index gained 0.14%.
Meanwhile, the German DAX fell 1.61 percent and the French CAC 40
declined 0.72 percent while U.K. shares dropped 0.64 percent.
Economics Mortgage applications fell 2.5% for the week ending
August 23, 2013, according to data from the Mortgage Bankers
The pending home sales index declined 1.3% in July.
The Treasury is set to auction 5-year notes.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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