Midway through trading Wednesday, the Dow traded up 0.15
percent to 17,093.73 while the NASDAQ tumbled 0.50 percent to
4,575.16. The S&P also fell, dropping 0.09 percent to
Leading and Lagging Sectors
In trading on Wednesday, energy shares were relative leaders,
up on the day by about 0.61 percent. Top gainers in the sector
included Texas Pacific Land Trust (NYSE:
), down 4.6 percent, and Trina Solar (NYSE:
), off 3.8 percent.
Technology shares fell by 0.60 percent in today's trading. Top
decliners in the sector included eGain (NASDAQ:
), Synaptics (NASDAQ:
), and Dot Hill Systems (NASDAQ:
Toll Brothers (NYSE:
) reported a
The Horsham, Pennsylvania-based company posted quarterly net
income of $97.7 million, or $0.53 per share, versus a year-ago
profit of $46.6 million, or $0.26 per share.
Its revenue climbed 53% to $1.06 billion. However, analysts
were expecting earnings of $0.45 per share on revenue of $989.29
Equities Trading UP
Infinity Pharmaceuticals (NASDAQ:
) shares shot up 45.79 percent to $15.92 on deal with AbbVie
Shares of Concur Technologies (NASDAQ:
) got a boost, shooting up 6.91 percent to $107.93 following a
Bloomberg TV report that the company may be exploring a possible
Navistar International (NYSE:
) shares were also up, gaining 2.08 percent to $39.29 after the
company reported a narrower-than-expected loss for the fiscal
Equities Trading DOWN
Shares of Helen of Troy (NASDAQ:
) were down 10.09 percent to $53.18 after the company cut its
earnings forecast for fiscal 2015 citing recent weakness in
Capital Product Partners LP (NASDAQ:
) shares tumbled 6.48 percent to $10.25 after the company priced
15 million units at $10.53 per unit.
Ellington Financial LLC (NYSE:
) was down, falling 4.27 percent to $23.55 after the company
priced 8 million shares at $23.92 per share.
In commodity news,
oil traded up 1.89 percent
to $94.64, while gold traded up 0.22 percent to $1,267.80.
Silver traded up 0.12 percent Wednesday to $19.18, while
copper fell 0.84 percent to $3.13.
today. The eurozone's STOXX 600 rose 0.67 percent, the Spanish
Ibex Index surged 1.17 percent, while Italy's FTSE MIB Index
gained 2.10 percent. Meanwhile, the German DAX rose 1.29 percent
and the French CAC 40 surged 1.11 percent while UK shares climbed
The MBA reported that its index of mortgage application
activity gained 0.20% in the week ended August 29.
The ICSC-Goldman Store Sales Index came in flat in the week
ended Saturday versus the prior week.
The Johnson Redbook Retail Sales Index gained 0.7% in the
first four weeks of August versus July.
US factory orders rose 10.50% in July, versus economists'
expectations for an 11.00% growth.
The Federal Reserve will release its latest Beige Book report
at 2:00 p.m. ET.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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