Following the market opening Thursday, the Dow traded down
1.01 percent to 16,207.63 while the NASDAQ tumbled 0.96 percent
to 4,202.31. The S&P also fell, dropping 0.89 percent to
Top Headline McDonald's (NYSE:
McDonald's quarterly earnings rose to $1.397 billion, or $1.40
per share, versus a year-ago profit of $1.396 billion, or $1.38
Its revenue gained 2% to $7.09 billion. However, analysts were
expecting a profit of $1.39 per share on revenue of $7.1 billion.
McDonald's global sales fell 0.1% at established locations.
Equities Trading UP Logitech International SA (NASDAQ:
) shot up 16.94 percent to $15.46 after the company reported
strong FQ3 results and lifted its full-rear guidance.
Shares of Netflix (NASDAQ:
) got a boost, shooting up 13.16 percent to $377.65 after the
F5 Networks (NASDAQ:
) was also up, gaining 8.47 percent to $105.74 after the company
reported upbeat FQ1 results and issued strong FQ2 outlook. Janney
Capital upgraded the stock from Neutral to Buy and lifted the
price target from $83.00 to $122.00.
Equities Trading DOWN Shares of Hercules Offshore (NASDAQ:
) were down 10.96 percent to $5.12. Global Hunter downgraded the
stock from Buy to Neutral and cut the price target from $12.00 to
Briggs & Stratton (NYSE:
) shares tumbled 7.70 percent to $20.98 after the company
reported downbeat Q2 results and lowered its FY14 earnings
American Eagle Outfitters (NYSE:
) was down, falling 8.18 percent to $13.14 after the company
reported that its
CEO Robert Hanson
is leaving the company. Stifel Nicolaus downgraded the stock from
Buy to Hold.
Commodities In commodity news, oil
traded up 0.54 percent
to $97.25, while gold traded up 1.35 percent to $1,255.30.
Silver traded up 1.72 percent Thursday to $20.18, while copper
fell 0.40 percent to $3.32.
Eurozone European shares were
today. The Spanish Ibex Index gained 0.25 percent, while Italy's
FTSE MIB Index climbed 0.37 percent. Meanwhile, the German DAX
fell 0.57 percent and the French CAC 40 slipped 0.30 percent
while U.K. shares declined 0.33 percent.
Economics U.S. initial jobless claims rose by 1,000 to 326,000
in the week ended January 18. However, economists were estimating
claims to total 330,000 in the week.
U.S. Chicago Fed National Activity Index fell to 0.16 in
December. However, economists were expecting a reading of
Home prices rose 0.1% in November, and gained 7.6% y/y in the
month, according to the Federal Housing Finance Agency.
The flash reading of the U.S. manufacturing PMI declined to
53.7 in January, versus December's reading of 55. However,
economists were expecting a reading of 55.
The Bloomberg Consumer Comfort Index came in at -31.00 for the
week ended January 19, versus a prior reading of -31.00.
Sales of existing U.S. homes climbed 1% to an annual rate of
4.87 million in December. However, economists were estimating a
rate of 4.9 million in the month.
The Conference Board's index of leading indicators rose 0.10%
in December, versus economists' expectations for a 0.20%
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) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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