Midway through trading Thursday, the Dow traded down 0.32
percent to 16,391.07 while the NASDAQ declined 0.14 percent to
4,348.92. The S&P also fell, dropping 0.35 percent to
Leading and Lagging Sectors
Utilities shares surged around 0.57 percent in today's
trading. Meanwhile, top gainers in the sector included Empresa
Distribuidora y Comercializadora Norte S.A. (NYSE:
), up 2.9 percent, and PNM Resources (NYSE:
), up 1.7 percent.
In trading on Thursday, healthcare shares were relative
laggards, down on the day by about 0.62 percent. Meanwhile, top
decliners in the sector included Thoratec (NASDAQ:
), down 28.4 percent, and PhotoMedex (NASDAQ:
), off 14.6 percent.
Brinker International (NYSE:
) reported a
drop in its fourth-quarter
profit. However, the company's revenue topped analysts'
The Dallas, Texas-based company posted a quarterly profit of
$28.8 million, or $0.43 per share, versus a year-ago profit of
$46.4 million, or $0.64 per share. Excluding items, its earnings
climbed 10.4% to $0.85 per share from $0.77 per share.
Its total revenue gained 3.9% to $758.7 million. However,
analysts were expecting earnings of $0.86 per share on revenue of
Equities Trading UP
Lehigh Gas Partners LP (NYSE:
) shares shot up 24.13 percent to $32.25 after CST Brands (NYSE:
) announced its plans to acquire Lehigh Gas GP LLC, the general
partner of Lehigh Gas Partners LP. Lehigh Gas Partners also
reported its financial results for the second quarter.
Shares of Twenty-First Century Fox (NASDAQ:
) got a boost, shooting up 6.53 percent to $34.44 after the
company reported upbeat fourth-quarter results. Cowen &
Company upgraded 21st Century Fox from Underperform to Market
Perform and raised the price target from $29.00 to $35.00.
) shares were also up, gaining 17.72 percent to $116.44 after the
company reported better-than-expected quarterly results and
lifted its forecast.
Equities Trading DOWN
Shares of Thoratec (NASDAQ:
) were down 28.46 percent to $23.30 after the company reported
downbeat second-quarter sales and issued a disappointing 2014
) shares tumbled 7.50 percent to $7.96 after the company reported
in-line Q2 earnings. Bank of America downgraded Atmel from Buy to
Melco Crown Entertainment (NASDAQ:
) was down, falling 3.25 percent to $29.04 after the company
reported downbeat quarterly results.
In commodity news,
oil traded down 0.20 percent
to $96.73, while gold traded down 0.02 percent to $1,308.00.
Silver traded down 0.39 percent Thursday to $19.95, while
copper rose 0.36 percent to $3.18.
today. The eurozone's STOXX 600 fell 0.71 percent, the Spanish
Ibex Index dropped 1.79 percent, while Italy's FTSE MIB Index
tumbled 2.10 percent. Meanwhile, the German DAX fell 0.99 percent
and the French CAC 40 declined 1.40 percent while UK shares
dipped 0.65 percent.
US initial jobless claims declined 14,000 to 289,000 in the
week ended August 2. However, economists were expecting claims to
reach 304,000 in the week.
Natural-gas supplies climbed 82 billion cubic feet in the week
ended August 4, the Energy Information Administration reported.
However, analysts were estimating a rise of 81 bcf to 85 bcf.
Data on consumer credit for June will be released at 3:00 p.m.
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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