Toward the end of trading Thursday, the Dow traded up 0.23 percent to 23,931.93 while the NASDAQ climbed 0.13 percent to
6,966.00. The S&P also rose, gaining 0.18 percent to 2,589.59.
Leading and Lagging Sectors
Thursday afternoon, the real estate shares climbed 1.3 percent. Meanwhile, top gainers in the sector included Rafael
Holdings Inc (NYSE: RFL) up 14 percent, and
QTS Realty Trust Inc (NYSE: QTS) up 5
percent.
In trading on Thursday, energy shares fell 0.8 percent.
Top Headline
Bed Bath & Beyond Inc (NASDAQ: BBBY)
reported upbeat profit for its third quarter and issued strong earnings forecast for 2019.
Bed Bath & Beyond posted quarterly earnings of $0.18 per share on sales of $3.03 billion. However, analysts were expecting
earnings of $0.17 per share on sales of $3.04 billion.
Equities Trading UP
Inpixon (NASDAQ: INPX) shares got a
boost, shooting up 42 percent to $4.65 after the company's Indoor Positioning Analytics Sensor 4000SE was chosen for a "Smart
School" safety network.
Shares of Diana Containerships Inc. (NASDAQ: DCIX) shot up 33 percent to $1.06 after reporting a $6 million common share
buyback program.
Precipio, Inc. (NASDAQ: PRPO) shares
were also up, gaining 43 percent to $0.24 after the company received a United States Department of Defense order for its ICE
COLD-PCR technology in mutation testing.
Equities Trading DOWN
e.l.f. Beauty, Inc. (NYSE: ELF) shares
dropped 16 percent to $8.28 after analysts at Wells Fargo downgraded the stock to 'Underperform', citing concerns that fundamentals
are 'deteriorating further.'
Shares of Macy's, Inc. (NYSE: M) were down
19 percent to $ 25.81. Macy's reported 0.7-percent comps for the November-December period, marking the second consecutive year of
positive performance for the holiday period. Macy's lowered its FY18 comp guidance for owned and licensed stores, and also adjusted
EPS guidance from a range of $4.10-$4.30 to $3.95-$4, while analysts on average estimate EPS of $4.23.
Cancer Genetics, Inc. (NASDAQ: CGIX)
was down, falling around 25 percent to $0.26 after the company priced a 13.33 million share offering at $0.225 per share.
Commodities
In commodity news, oil traded down 0.25 percent to $52.23 while gold traded down 0.21 percent to $1,289.30.
Silver traded down 0.48 percent Thursday to $15.66, while copper fell 0.72 percent to $2.638.
Eurozone
European shares closed mostly higher today. The eurozone’s STOXX 600 gained 0.34 percent, the Spanish Ibex Index rose 0.38
percent, while Italy’s FTSE MIB Index surged 0.63 percent. Meanwhile the German DAX gained 0.26 percent, and the French CAC 40
declined 0.16 percent while U.K. shares rose 0.52 percent.
Economics
Initial jobless claims fell 17,000 to 216,000 in the latest week. However, economists were expecting a 227,000 reading.
Domestic supplies of natural gas dropped 91 billion cubic feet for the week ended January 4, the U.S. Energy Information
Administration reported. Analysts projected a fall of 84 billion cubic feet.
Data on money supply for the recent week will be released at 4:30 p.m. ET.
Federal Reserve Vice Chairman Richard Clarida will speak in New York at 7:00 p.m. ET.
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