Following the market opening Thursday, the Dow traded down
0.23 percent to 15,583.12 while the NASDAQ declined 0.36 percent
to 3,916.34. The S&P also fell, dropping 0.21 percent to
Top Headline MasterCard (NYSE:
) reported a
14 percent rise
in its third quarter.
MasterCard's quarterly net income surged to $879 million, or
$7.27 per share, versus a year-ago profit of $772 million, or
$6.17 per share.
Its revenue climbed 16 percent to $2.22 billion. However,
analysts were expecting a profit of $6.94 per share on revenue of
Equities Trading UP Expedia (NASDAQ:
) shot up 17.93 percent to $58.92 after the company reported
upbeat quarterly profit. Bank of America upgraded the stock
Neutral to Buy and lifted the target price from $60 to $75.
Shares of Alcatel-Lucent SA (NYSE:
) got a boost, shooting up 12.73 percent to $3.72 after the
company posted a
in the third quarter.
Alpha Natural Resources (NYSE:
) was also up, gaining 6.68 percent to $7.19 after the company
reported a narrower-than-expected Q3 loss.
Equities Trading DOWN Shares of Avon Products (NYSE:
) were down 19.38 percent to $18.06 after the company reported
weaker-than-expected Q3 results.
NII Holdings (NASDAQ:
) shares tumbled 13.96 percent to $4.13 after the company
reported Q3 results.
MGM Resorts International (NYSE:
) was down, falling 5.86 percent to $19.10 after the company
reported a Q3 loss of $31.9 million, or $0.07 per share.
Commodities In commodity news,
oil traded down 0.14 percent
to $96.63, while gold traded down 1.50 percent to $1,329.00.
Silver traded down 3.93 percent Thursday to $22.08, while
copper fell 0.54 percent to $3.31.
Eurozone European shares
were mostly higher
today. The Spanish Ibex Index rose 0.94 percent, while Italy's
FTSE MIB Index gained 0.09 percent. Meanwhile, the German DAX
rose 0.02 percent and the French CAC 40 climbed 0.45 percent
while U.K. shares declined 0.48 percent.
Economics US jobless claims declined by 10,000 to 340,000 in
the week ending October 26. However, economists were projecting
claims to drop to 337,000.
The Chicago PMI rose to 65.90 in October, from a prior reading
of 55.70. However, economists were expecting a reading of
The Bloomberg Consumer Comfort Index dropped to minus 37.6 in
the week ending October 27, versus a prior reading of minus
The Treasury is set to auction 3-and 6-month bills.
Data on farm prices will be released at 3:00 p.m. ET. Data on
money supply will be released at 4:30 p.m. ET.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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