Following the market opening Thursday, the Dow traded up 0.08
percent to 12,580.79 while the NASDAQ rose 0.05 percent to
2,848.24. The S&P also rose, increasing 0.20 percent to
Top Headline Markets took a hit this morning on a series of poor
economic reports. With continuing claims coming in at above 400
thousand for the first time since September 2011 and a huge
Philly Fed miss, investors traded on their worries throughout the
Equities Trading UP
) traded up 10.61 percent to $30.00 after an earnings beat
following the close Wednesday and some optimistic guidance.
Shares of Petsmart (NASDAQ:
) were also up, rallying 5.77 percent to $68.59 after an earnings
and revenue beat Wednesday and an increase in its fiscal year
Cameron International (NYSE:
) traded up 3.88 percent to $52.78 after the company announced a
joint venture with Schlumberger.
Equities Trading DOWN
) took a 14.18 percent hit to $1.79 following an earnings and
revenue miss after the close Wednesday.
Sandstorm Gold (NYSE:
) was also down, falling 9.66 percent to $11.32 following a drop
in gold prices and a drop across the gold industry.
Shares of Vivus (NASDAQ:
) fell 6.37 percent to $10.00 following a cut in price target at
In commodity news, oil traded up 0.37 percent to $86.64, while
gold traded down 1.12 percent to $1,715.00.
Silver traded down 0.44 percent Thursday to $32.44.
European shares were mostly lower across the board on continuing
fears about Greek and Italian finances.
In eurozone headlines, the ECB's Mario Draghi said that the
artificial calm in the markets encouraged wrong policies.
Germany's Wolfgang Schaeuble also came out with some comments,
saying there will be a decision on Greek financing aid by
In economic news, initial jobless claims were reported at 439
thousand, above the expected 375 thousand and the prior report of
361 thousand., while continuing claims came in at 3.334 million,
above the expected 3.210 million and the prior report of 3.163
CPI Year of year came in at 2.2 percent, above the expected
2.1 percent and the prior report of 2.0 percent, while CPI month
over month was reported in line with expectations at 0.1 percent,
but below the previous figure of 0.6 percent.
Core CPI year over year came in at 2.0 percent, exactly as
expected, and above the previous release of 1.5 percent, while
core CPI month over month was reported at 0.2 percent, above the
0.1 percent expected and the prior release of 0.1 percent.
The New York state manufacturing index was also reported,
coming in at -5.22, above the expected -8.0 and the prior release
Philly Fed came in at -10.7, far below the estimated 2.0 and
the estimated 5.7.
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