Following the market opening Monday, the Dow traded up 0.28
percent to 15,924.16 while the NASDAQ dropped 0.04 percent to
4,126.43. The S&P also rose, gaining 0.18 percent to
Top Headline Caterpillar (NYSE:
) reported a 44% rise in its fourth-quarter profit. Caterpillar's
quarterly profit surged to $1 billion, or $1.54 per share, versus
a year-ago profit of $697 million, or $1.04 per share. Its
revenue declined to $14.40 billion from $16.08 billion. However,
analysts were expecting a profit of $1.27 per share on sales of
$13.41 billion. Caterpillar announced its plans to buy back $10
billion in common stock by the end of 2018.
Equities Trading UP Millennial Media (NYSE:
) shot up 13.26 percent to $7.60 as the company
lifted its Q4
forecast. Shares of Caterpillar (NYSE:
) got a boost, shooting up 6.34 percent to $91.64 after the
Q4 results. Rayonier (NYSE:
) was also up, gaining 8.69 percent to $44.76 after the company
reported Q4 results and announced its plans to separate into two
Equities Trading DOWN Shares of Geron (NASDAQ:
) were down 14.59 percent to $4.80 after the company reported
that 20 patients have discontinued from Imetelstat study since
its inception. Regis (NYSE:
) shares tumbled 12.67 percent to $11.72 after the company
reported downbeat Q2 results. Idenix Pharmaceuticals (NASDAQ:
) was down, falling 6.99 percent to $6.79 after JMP Securities
downgraded the stock from Market Perform to Market
Commodities In commodity news,
oil traded up 0.14 percent
to $96.78, while gold traded down 0.47 percent to $1,258.60.
Silver traded up 0.05 percent Monday to $19.78, while copper fell
0.12 percent to $3.27.
Eurozone European shares
were mostly lower
today. The Spanish Ibex Index dropped 0.33 percent, while Italy's
FTSE MIB Index climbed 0.18 percent. Meanwhile, the German DAX
declined 0.01 percent and the French CAC 40 jumped 0.12 percent
while U.K. shares tumbled 2.87 percent.
Economics Sales of new homes declined 7% to an annual rate of
414,000 in December, but climbed 4.5% y/y in the month. However,
economists were projecting an annual rate of 455,000 in the
month. The Treasury is set to auction 3-and 6-month bills.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.