Toward the end of trading Thursday, the Dow traded up 0.39 percent to 19,626.21 while the NASDAQ climbed 0.21 percent to
5,405.01. The S&P also rose, gaining 0.18 percent to 2,245.32.
Leading and Lagging Sectors
Thursday afternoon, financial shares gained by 0.74 percent. Meanwhile, top gainers in the sector included Walter Investment
Management Corp (NYSE: WAC), and Republic First Bancorp,
Inc. (NASDAQ: FRBK).
In trading on Thursday, healthcare shares fell by 0.20 percent. Meanwhile, top losers in the sector included Horizon Pharma
PLC (NASDAQ: HZNP), down 20 percent, and Insys
Therapeutics Inc (NASDAQ: INSY), down 17 percent.
Top Headline
Ciena Corporation (NYSE: CIEN) posted downbeat
earnings for its fourth quarter.
Ciena posted Q4 adjusted earnings of $0.44 per share on revenue of $716.2 million. Analysts were expecting earnings of $0.46 per
share on revenue of $716.5 million.
Equities Trading UP
Tailored Brands Inc (NASDAQ: TLRD) shares shot up
37 percent to $25.95 after the company reported better-than-expected results for its third quarter on Wednesday.
Shares of Lululemon Athletica inc. (NASDAQ: LULU)
got a boost, shooting up 15 percent to $68.99 after the company reported stronger-than-expected earnings for its third quarter and
announced a $100 million stock buyback plan.
Ciena Corporation (NYSE: CIEN) shares were also up,
gaining 14 percent to $24.57. Ciena posted Q4 adjusted earnings of $0.44 per share on revenue of $716.2 million.
Equities Trading DOWN
Comtech Telecomm. Corp. (NASDAQ: CMTL) shares
dropped 21 percent to $ 0.13. Comtech reported Q1 GAAP loss of $0.11 per share on revenue of $135.8 million.
Shares of OHR Pharmaceutical Inc (NASDAQ: OHRP)
were down 23 percent to $1.95 after the company reported a proposed public offering of common stock and warrants.
Horizon Pharma PLC (NASDAQ: HZNP) was down,
falling around 20 percent to $15.55 after the company disclosed that its topline Phase 3 ACTIMMUNE results did not meet primary and
secondary endpoint.
Commodities
In commodity news, oil traded up 2.21 percent to $50.87 while gold traded down 0.41 percent to $1,172.70.
Silver traded down 1.13 percent Thursday to $17.08, while copper fell 0.78 percent to $2.62.
Eurozone
European shares closed higher today. The eurozone’s STOXX 600 gained 1.23 percent, the Spanish Ibex Index rose 2.06 percent,
while Italy’s FTSE MIB Index surged 1.64 percent. Meanwhile the German DAX climbed 1.75 percent, and the French CAC 40 gained 0.87
percent while U.K. shares rose 0.42 percent.
Economics
Initial jobless claims dropped by 10,000 to 258,000 in the latest week. However, economists were expecting claims to reach
258,000 in the week.
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