Following the market opening Thursday, the Dow traded up 0.01 percent to 20,612.83 while the NASDAQ climbed 0.16 percent to
5,828.56. However, the S&P fell 0.02 percent to 2,348.68.
Leading and Lagging Sectors
Technology shares climbed by 0.46 percent in trading on Thursday. Meanwhile, top gainers in the sector included MoSys
Inc. (NASDAQ: MOSY), and NetEase Inc (ADR)
(NASDAQ: NTES).
In trading on Thursday, cyclical consumer goods & services shares fell by 0.11 percent. Meanwhile, top losers in the sector
included Build-A-Bear Workshop, Inc (NYSE: BBW), down 29
percent, and MGM Resorts International (NYSE: MGM), down
8 percent.
Top Headline
Wendys Co (NASDAQ: WEN) reported downbeat earnings
for its fourth quarter, but sales exceeded estimates
Wendys reported it earned $0.08 per share in the fourth quarter on revenue of $309.9 million. Wall Street analysts were
expecting the company to earn $0.09 per share on revenue of $308.5 million.
Same-restaurant sales rose 0.8 percent in North America, or 5.6 percent on a two-year basis.
Equities Trading UP
NetEase Inc (ADR) (NASDAQ: NTES) shares shot up 11
percent to $289.45 after reporting strong Q4 profit.
Shares of Superconductor Technologies, Inc. (NASDAQ: SCON) got a boost, shooting up 46 percent to $1.68 as the company disclosed that it
has been awarded a U.S. Patent for unique manufacturing process.
hhgregg, Inc. (NYSE: HGG) shares were also up,
gaining 10 percent to $0.474. hhgregg announced plans to explore strategic alternatives for the company.
Equities Trading DOWN
Tripadvisor Inc (NASDAQ: TRIP) shares dropped 8
percent to $48.58 after the company posted weaker-than-expected results for its fourth quarter.
Shares of ConforMIS Inc (NASDAQ: CFMS) were down
around 39 percent to $5.26 after the company posted a wider-than-expected Q4 loss.
GNC Holdings Inc (NYSE: GNC) was down, falling around
14 percent to $7.18 after the company posted weak Q4 results.
Commodities
In commodity news, oil traded up 0.30 percent to $53.76 while gold traded up 0.34 percent to $1,237.30.
Silver traded up 0.26 percent Thursday to $18.01, while copper fell 0.27 percent to $2.75.
Eurozone
European shares were mostly lower today. The eurozone’s STOXX 600 slipped 0.27 percent, the Spanish Ibex Index fell 0.36
percent, while Italy’s FTSE MIB Index rose 0.09 percent. Meanwhile the German DAX dropped 0.26 percent, and the French CAC 40 fell
0.42 percent while U.K. shares fell 0.28 percent.
Economics
U.S. housing starts declined 2.6 percent at an annual rate of 1.25 million for January. Economists were expecting housing starts
to total about 1.23 million.
U.S. jobless claims increased 5,000 to 239,000 in the latest week. Economists projected initial claims to total 245,000 in the
week.
The Philadelphia Fed manufacturing index rose to a reading of 43.3 in February, compared to 23.6 in January. However, economists
expected a reading of 20 for February.
The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
Data on money supply for the recent week will be released at 4:30 p.m. ET.
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