Midway through trading Thursday, the Dow traded up 0.29
percent to 16,700.16 while the NASDAQ surged 0.30 percent
to 4,447.73. The S&P also rose, gaining 0.34 percent to
Leading and Lagging Sectors
In trading on Thursday, utilities shares were relative
leaders, up on the day by about 0.69 percent. Meanwhile, top
gainers in the sector included Chesapeake Utilities (NYSE:
), up 1.76 percent, and American Water Works Company (NYSE:
), up 1.65 percent.
Basic materials shares dropped by 0.27 percent in today's
trading. Meanwhile, top decliners in the sector included Silver
), down 5.19 percent, and Cliffs Natural Resources (NYSE:
), off 2.64 percent.
Wal-Mart Stores (NYSE:
) lowered its
The Bentonville, Arkansas-based company posted quarterly
profit from continuing operations of $3.92 billion, or $1.21 per
share, compared to $4.06 billion, or $1.23 per share, in the
Its sales rose 2.8% to $119.34 billion. However, analysts were
expecting earnings of $1.21 per share on revenue of $118.98
Equities Trading UP
Plug Power (NASDAQ:
) shares shot up 4.88 percent to $6.13 after the company posted
in-line second-quarter loss. The company also reported upbeat
Shares of Kohl's (NYSE:
) got a boost, shooting up 3.28 percent to $56.92 after the
fiscal second-quarter earnings.
) shares were also up, gaining 4.43 percent to $41.04 after the
company reported upbeat fiscal first-quarter results.Needham
upgraded NetApp from Hold to Buy.
Equities Trading DOWN
Shares of Red Robin Gourmet Burgers (NASDAQ:
) were down 19.44 percent to $52.00 after the company reported
Noodles & Company (NASDAQ:
) shares tumbled 17.14 percent to $20.89 on disappointing Q2
results and an outlook below expectations.
Energy XXI (Bermuda) (NASDAQ:
) was down, falling 16.54 percent to $16.40 after the company
reported a Q4 loss of $0.06 per share.
In commodity news,
oil traded down 2.18 percent
to $95.46, while gold traded down 0.04 percent to $1,315.00.
Silver traded up 0.23 percent Thursday to $19.89, while copper
fell 0.71 percent to $3.09.
were mostly higher
today. The eurozone's STOXX 600 rose 0.33 percent, the Spanish
Ibex Index dropped 0.07 percent, while Italy's FTSE MIB Index
dropped 0.29 percent. Meanwhile, the German DAX rose 0.39 percent
and the French CAC 40 surged 0.40 percent while UK shares gained
US jobless claims increased 21,000 to 311,000 in the week
ended August 9. However, economists were expecting jobless claim
to reach 295,000 in the week.
US Import price index dropped 0.2% in July, versus economists'
expectations for a 0.3% decline. However, export prices were
unchanged in the month.
US natural-gas supplies climbed 78 billion cubic feet in the
week ended August 8, according to the Energy Information
Administration. However, analysts were projecting a rise of 81
bcf to 85 bcf.
Data on money supply will be released at 4:30 p.m. ET.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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