Following the market opening Thursday, the Dow traded up 0.27
percent to 15,454.55 while the NASDAQ surged 0.11 percent to
3,911.52. The S&P also rose, gaining 0.02 percent to
Top Headline Ford Motor Co (NYSE:
) reported an
profit. Ford's quarterly profit declined to $1.3 billion, or
$0.31 per share, versus a year-ago profit of $1.6 billion, or
$0.41 per share. Excluding one-time items, its pretax profit
climbed to $0.45 from $0.40 per share.
Its revenue gained to $36.0 billion from $32.1 billion.
However, analysts were estimating earnings of $0.37 per share on
revenue of $33.8 billion. For the full year, Ford now projects
pretax profit to be higher than its profit in 2012.
Equities Trading UP NXP Semiconductors NV (NASDAQ:
) shot up 9.05 percent to $39.29 after the company reported
upbeat third-quarter earnings.
Shares of McKesson (NYSE:
) got a boost, shooting up 7.32 percent to $153.52 after the
company reported upbeat Q2 results. McKesson also
agreed to buy
Celesio for $8.3 billion.
Agnico Eagle Mines (NYSE:
) was also up, gaining 12.41 percent to $29.07 after the company
reported strong Q3 results and lifted its production forecast.
Analysts at BMO Capital upgraded the stock from Market Perform to
Equities Trading DOWN Shares of Fusion-io (NYSE:
) were down 22.77 percent to $10.03 after the company posted a
FQ1 loss and issued a weak revenue forecast for the current
quarter. JP Morgan downgraded the stock from Neutral to
) shares tumbled 14.78 percent to $20.98 after the
its full-year view. Novadaq Technologies (NASDAQ:
) was down, falling 10.71 percent to $16.72 after the company
announced a public offering of common shares.
Commodities In commodity news,
oil traded down 0.69 percent
to $96.19, while gold traded up 0.58 percent to $1,341.80. Silver
traded up 0.48 percent Thursday to $22.73, while copper fell 0.40
percent to $3.25.
Euro zone European shares
today. The Spanish Ibex Index rose 0.54 percent, while Italy's
FTSE MIB Index gained 0.46 percent. Meanwhile, the German DAX
climbed 0.61 percent and the French CAC 40 rose 0.18 percent
while U.K. shares gained 0.57 percent.
Economics US jobless claims declined by 12,000 to 350,000 in
the week ended October 19. However, economists were projecting
claims to drop to 340,000. The US trade deficit increased to
$38.8 billion in August, versus a revised $38.6 billion in the
previous month. However, economists were expecting the deficit to
widen to $39.4 billion.
The preliminary reading of the Markit flash manufacturing PMI
fell to 51.1 in October, versus a reading of 52.8 in September.
However, economists were expecting a reading of 52.5.
The Bloomberg Consumer Comfort Index declined to -36.10 for
the week ended October 20, versus a prior reading of -34.10.
The Kansas City Fed manufacturing index will be released at
11:00 a.m. ET.
The Treasury is set to auction 3-and 6-month bills. The
Treasury will also auction 2-year, 5-year and 7-year notes. 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.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.