Midway through trading Thursday, the Dow traded up 0.28
percent to 17,125.93 while the NASDAQ surged 0.42 percent to
4,591.80. The S&P also rose, gaining 0.32 percent to
Leading and Lagging Sectors
Cyclical consumer goods & services shares rose 0.65
percent in today's trading. Top gainers in the sector included
), down 10.9 percent, and Mattress Firm Holding (NASDAQ:
), off 11.5 percent.
In trading on Thursday, energy shares fell by 0.48 percent.
Top decliners in the sector included Matrix Service Company
), BP plc (NYSE:
), andMagnum Hunter Resources (NYSE:
VeriFone Systems (NYSE:
upbeat fiscal third-quarter
The San Jose, California-based company posted a quarterly loss
of $29 million, or $0.26 per share, versus a year-ago loss of
$1.9 million, or $0.02 per share. Excluding non-recurring items,
the company earned $0.40 per share.
Its sales surged 14% to $476 million. However, analysts were
expecting earnings of $0.35 per share on revenue of $459.93
Equities Trading UP
) shares shot up 9.36 percent to $128.09 after the company
reported better-than-expected second-quarter earnings. The
company expected earnings growth of more than 15% for the second
half of 2014.
Shares of TIBCO Software (NASDAQ:
) got a boost, shooting up 4.80 percent to $22.05 on news the
company hired an investment bank to explore strategic
Hovnanian Enterprises (NYSE:
) shares were also up, gaining 1.90 percent to $4.28 after the
company reported upbeat earnings for its fiscal third
Equities Trading DOWN
Shares of Matrix Service Company (NASDAQ:
) were down 23.22 percent to $22.37 after the company reported
downbeat quarterly results.
) shares tumbled 8.41 percent to $18.74 after the company issued
a weak fiscal fourth-quarter forecast. However, the company
reported upbeat third-quarter results.
Memorial Production Partners LP (NASDAQ:
) was down, falling 3.45 percent to $22.36 after the company
priced public offering of 13 million shares of common units at
$22.29 per unit.
In commodity news,
oil traded down 1.21 percent
to $94.38, while gold traded up 0.01 percent to $1,270.40.
Silver traded down 0.05 percent Thursday to $19.18, while
copper rose 0.67 percent to $3.15.
today. The eurozone's STOXX 600 rose 1.12 percent, the Spanish
Ibex Index surged 1.97 percent, while Italy's FTSE MIB Index
gained 2.82 percent. Meanwhile, the German DAX rose 1.05 percent
and the French CAC 40 surged 1.65 percent while UK shares climbed
Announced layoffs fell around 40,000 in August, versus around
47,000 layoffs in July.
Private-sector employment increased by 204,000 in August,
versus 212,000 in July, according to Automatic Data Processing
Inc. However, economists were expecting an addition of 220,000
US jobless claims increased by 4,000 to 302,000 in the week
ended August 30. Economists were estimating claims to reach
300,000 in the week.
US nonfarm productivity rose 2.3% in the second quarter, while
unit-labor costs dropped 0.1%.
The Markit services PMI rose to 59.50 in August, versus a
prior reading of 58.50. However, economists were expecting a
reading of 58.50.
The ISM non-manufacturing PMI rose to 59.60 in August, versus
a prior reading of 58.70. However, economists were expecting a
reading of 57.50.
US crude-oil inventories fell 900,000 barrels in the week
ended August 29, the Energy Information Administration reported.
However, analysts were projecting crude stockpiles to fall by 2
US natural gas supplies rose 79 billion cubic feet on the week
ended August 29, according to the Energy Information
Administration. However, analysts were expecting a rise of 72 bcf
to 76 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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