Following the market opening Thursday, the Dow traded up 0.68
percent to 18,057.92 while the NASDAQ climbed 0.80 percent to
5,105.28. The S&P also rose, gaining 0.53 percent to
Leading and Lagging Sectors
Healthcare sector was the top gainer in the US market on
Thursday. Meanwhile, top gainers in the sector included BioMarin
Pharmaceutical Inc. (NASDAQ:
), up 10 percent, and Synergy Pharmaceuticals Inc (NASDAQ:
), up 10 percent.
In trading on Thursday, telecommunications services shares
rose by just 0.08 percent. Meanwhile, top losers in the sector
included China Unicom (Hong Kong) Limited (ADR) (NYSE:
), down 3 percent, and China Telecom Corporation Limited (ADR)
), off 3 percent.
Kroger Co (NYSE:
) reported better-than-expected earnings for the first quarter,
but the company's sales missed analysts' estimates.
The Cincinnati, Ohio-based company reported quarterly net
earnings of $619 million, or $1.25 per share, compared to $501
million, or $0.98 per share, in the year-ago quarter. Kroger's
adjusted earnings in the year-ago quarter were $557 million, or
$1.09 per share.
Its total sales rose 0.3 percent to $33.1 billion from $33.0
billion, while sales, excluding fuel, climbed 6.4 percent in the
first quarter. Analysts were expecting earnings of $1.22 per
share on revenue of $33.34 billion.
Equities Trading UP
Radius Health Inc (NASDAQ:
) shares shot up 19 percent to $61.68 after the company announced
positive top-line data from ACTIVExtend trial including combined
25 month results.
Shares of Lumenis Ltd (NASDAQ:
) got a boost, shooting up 14 percent to $13.77 after the company
agreed to be acquired by XIO Group for $14 per share in cash.
BioMarin Pharmaceutical Inc. (NASDAQ:
) shares were also up, gaining 10 percent to $136.20 following
the announcement of positive BMN 111 data.
Equities Trading DOWN
Organovo Holdings Inc (NYSE:
) shares tumbled 14 percent to $4.48 after the company priced a
$40 million public offering of common stock.
Shares of Oracle Corporation (NYSE:
) were down 8 percent to $41.26 after the company reported
weaker-than-expected results for its fiscal fourth quarter.
Jabil Circuit, Inc. (NYSE:
) was down, falling 6 percent to $22.92 after the company
reported downbeat revenue for its fiscal third quarter and issued
a weak revenue guidance for the current quarter.
In commodity news, oil traded up 0.77 percent to $60.38, while
gold traded up 1.95 percent to $1,199.80.
Silver traded up 2.34 percent Thursday to $16.32, while copper
rose 0.44 percent to $2.62.
European shares were lower today. The eurozone's STOXX 600
fell 0.63 percent, the Spanish Ibex Index slipped 0.53 percent,
while Italy's FTSE MIB Index declined 0.21 percent. Meanwhile,
the German DAX slipped 0.53 percent, and the French CAC 40
dropped 0.41 percent while UK shares fell 0.13 percent.
US jobless claims slipped by 12,000 to 267,000 in the week
ended June 13. However, economists were projecting claims to
reach 275,000 in the week.
The U.S. current account deficit increased to $113.3 billion
in the first quarter, versus a revised $103.1 billion, in the
The consumer price index gained 0.4 percent in May, versus
economists' expectations for a 0.5 percent growth. US core
consumer prices increased 0.1 percent in May.
US Philadelphia Fed manufacturing index climbed to 15.20 in
June, versus a prior reading of 6.70. However, economists were
expecting a reading of 8.00.
The US Conference Board's leading index rose 0.70 percent in
May, versus economists' expectations for a 0.40 percent
Data on money supply will be released at 4:30 p.m. ET.
© 2015 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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