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Mid-Day Market Update: Twitter Shares Hit New High; Oil Futures Gain

Posted
12/26/2013 12:25:00 PM
By: Benzinga
Referenced Stocks:CSU;DRYS;EROC;GDP;OPK

Midway through trading Thursday, the Dow traded up 0.44 percent to 16,429.66 while the NASDAQ surged 0.30 percent to 4,167.74. The S&P also rose, gaining 0.32 percent to 1,839.23.

Top Headline On Tuesday, BlackBerry (NASDAQ: BBRY ) co-founder Michael Lazaridis lowered his stake in the company to just below 5% versus 5.7%.

BlackBerry posted a Q3 loss of $4.4 billion last week.

Equities Trading UP Shares of Twitter (NYSE: TWTR ) got a boost, shooting up 5.33 percent to $73.69 after gaining for three trading days. Twitter shares surged to a new high today.

Eagle Rock Energy Partners LP (NASDAQ: EROC ) shot up 3.78 percent to $6.59 after Raymond James upgraded the stock from Underperform to Market Perform.

DryShips (NASDAQ: DRYS ) was also up, gaining 10.07 percent to $4.59 after jumping 6.1% on Tuesday.

Equities Trading DOWN Shares of Goodrich Petroleum (NYSE: GDP ) were down 7.40 percent to $16.02 following the news of plugging at Tuscaloosa Marine Shale.

Opko Health (NYSE: OPK ) tumbled 1.88 percent to $8.87. Opko Health shares have surged 93.16% over the past 52 weeks.

Capital Senior Living (NYSE: CSU ) was down, falling 1.64 percent to $23.43after the company reported that it has completed the acquisition of four senior living communities for $64.9 million.

Commodities In commodity news, oil traded up 0.31 percent to $99.53, while gold traded up 0.74 percent to $1,212.20.

Silver traded up 2.31 percent Thursday to $19.94, while copper rose 0.34 percent to $3.39.

Eurozone European markets were closed today in observance of Boxing Day.

Economics U.S. jobless claims declined 42,000 to 338,000 in the week ended December 21, versus economists' expectations for a 345,000.drop. Continuing claims rose 46,000 to 2.92 million in the week ended December 14.

The Bloomberg Consumer Comfort Index rose to -27.40 in the week ended December 22, versus a prior reading of -29.40.

Data on money supply will be released at 4:30 p.m. ET.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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