Toward the end of trading Thursday, the Dow traded up 0.04 percent to 26,189.75 while the NASDAQ declined 0.59 percent to
7,526.01. The S&P also fell, dropping 0.27 percent to 2,806.26.
Leading and Lagging Sectors
Thursday afternoon, the financial shares climbed 0.5 percent. Meanwhile, top gainers in the sector included Owens Realty
Mortgage Inc (NYSE: ORM) up 31 percent, and
Green Dot Corporation (NYSE: GDOT) up 7
percent.
In trading on Thursday, energy shares fell 1.2 percent.
Top Headline
Cardinal Health Inc (NYSE: CAH) reported
stronger-than-expected earnings for its fiscal first quarter.
Cardinal Health reported earnings of $1.29 per share, beating estimates of $1.08. Total revenue came in at $35.2 billion, which
exceeded estimates of $33.65 billion.
Cardinal Health reaffirmed its FY19 adjusted earnings forecast of $4.90 to $5.15 per share and reported a $1 billion buyback
plan.
Equities Trading UP
Crocs, Inc. (NASDAQ: CROX) shares shot
up 28 percent to $27.3399 after the company reported upbeat Q3 results and raised its FY18 guidance.
Shares of Owens Realty Mortgage, Inc. (NYSE: ORM) got a boost, shooting up 31 percent to $19.52. Ready Capital announced a merger
with Owens Realty Mortgage in an all-stock deal.
NantKwest, Inc. (NASDAQ: NK) shares were
also up, gaining 36 percent to $3.68. Releasing the first human clinical trial results of its cancer vaccine, Nantkwest said all 30
patients with advanced metastatic cancer refractory to multiple previous therapies receiving NK cell fusion and novel cancer memory
vaccine reported zero incidence of cytokinase release syndrome. In highly refractory late-stage advanced metastatic pancreatic
cancer about 90 percent disease control was achieved, with median overall survival of 9.5 months or greater, while 80 percent
disease control was achieved in highly refractory late-stage advanced metastatic triple negative breast cancer.
Equities Trading DOWN
Horizon Global Corporation (NYSE: HZN)
shares dropped 48 percent to $2.9099 after the company reported weaker-than-expected Q3 results.
Shares of Koppers Holdings Inc. (NYSE: KOP) were down 26 percent to $20.94 after the company reported weaker-than-expected
Q3 results.
Talend S.A. (NASDAQ: TLND) was down,
falling around 36 percent to $40.05 after the company reported downbeat Q3 results and announced plans to purchase Stitch for $60
million in cash.
Commodities
In commodity news, oil traded down 1.5 percent to $60.73 while gold traded down 0.28 percent to $1,225.30.
Silver traded down 1.02 percent Thursday to $14.42, while copper fell 0.69 percent to $2.7355.
Eurozone
European shares closed mostly lower today. The eurozone’s STOXX 600 climbed 0.19 percent, the Spanish Ibex Index rose 0.1
percent, while Italy’s FTSE MIB Index dropped 0.57 percent. Meanwhile the German DAX slipped 0.45 percent, and the French CAC 40
fell 0.13 percent while U.K. shares rose 0.33 percent.
Economics
Initial jobless claims fell 1,000 to 214,000 in the week ended November 3. However, economists projected a 214,000 reading.
Domestic supplies of natural gas climbed 65 billion cubic feet for the week ended November 2, the U.S. Energy Information
Administration reported. Analysts projected a gain of 58 billion cubic feet.
The Federal Reserve left interest rates unchanged.
Data on money supply for the recent week will be released at 4:30 p.m. ET.
© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.