Following the market opening Thursday, the Dow traded up 0.33
percent to 17,056.90 while the NASDAQ surged 0.49 percent to
4,697.05. The S&P also rose, gaining 0.35 percent to
Leading and Lagging Sectors
On Thursday, healthcare shares rose by 0.74 percent. Top
gainers in the sector included Flamel Technologies S.A. (ADR)
), Spectrum Pharmaceuticals, Inc. (NASDAQ:
), and Sarepta Therapeutics Inc (NASDAQ:
In trading on Thursday, energy shares dipped by 1.24 percent.
Meanwhile, top losers in the sector included Williams Companies
), down 8 percent, and Denbury Resources Inc. (NYSE:
), down 12 percent.
Dollar General Corp. (NYSE:
) reported upbeat earnings for its fourth quarter on
Dollar General posted a quarterly profit of $376.2 million, or
$1.30 per share, versus a year-ago profit of $355.4 million, or
$1.17 per share.
Its sales rose 7.1 percent to $5.29 billion. However, analysts
were expecting earnings of $1.26 per share on revenue of $5.3
billion. Its same-store sales climbed 2.2 percent for the
Equities Trading UP
Vericel Corp (NASDAQ:
) shares shot up 83 percent to $3.87 on positive Phase 2b
Shares of Pacific Ethanol Inc (NASDAQ:
) got a boost, shooting up 18 percent to $4.95 after the company
reported stronger-than-expected earnings for its fourth
Box Inc (NYSE:
) shares were also up, gaining 10 percent to $13.81 after the
company reported stronger-than-expected results for its fourth
quarter and issued an upbeat forecast.
Equities Trading DOWN
InfoSonics Corporation (NASDAQ:
) shares dropped 45 percent to $1.08. InfoSonics reported a Q4
loss of $0.07 per share on revenue of $10.2 million.
Shares of Energy Focus Inc (NASDAQ:
) were down 36 percent to $8.42 after the company reported
weaker-than-expected Q4 results.
Omega Protein Corporation (NYSE:
) was down, falling around 31 percent to $15.17 after the company
reported weaker-than-expected results for its fourth quarter.
In commodity news, oil traded up 0.05 percent to $38.31, while
gold traded down 0.46 percent to $1,251.60.
Silver traded down 0.01 percent Thursday to $15.37, while
copper fell 0.52 percent to $2.22.
European shares were higher today. The eurozone's STOXX 600
rose 2.08 percent, the Spanish Ibex Index rose 2.99 percent,
while Italy's FTSE MIB Index jumped 3.26 percent. Meanwhile, the
German DAX climbed 2.30 percent, and the French CAC 40 gained
2.57 percent, while U.K. shares rose 0.57 percent.
US jobless claims declined 18,000 to 259,000 in the first week
of March. However, economists were expecting initial jobless
claims to reach 275,000 in the week.
© 2016 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.