Mid-Morning Market Update: Markets Surge; Hertz Global Lowers Full-Year Outlook

Following the

Thursday, the Dow traded up 0.72 percent to 15,383.85 while the NASDAQ surged 0.90 percent to 3,794.88. The S&P also rose, gaining 0.64 percent to 1,703.67.

Hertz Global Holdings

lowered its full-year earnings forecast. Hertz now expects adjusted earnings of $1.68 to $1.78 per share, versus its earlier forecast of $1.78 to $1.88 per share.

HB Fuller Co

shot up 7.30 percent to $43.37 after the company reported Q3 results. Shares of Bed Bath & Beyond

got a boost, shooting up 4.94 percent to $77.89 after the company reported upbeat fiscal second-quarter earnings. Progress Software

was also up, gaining 3.43 percent to $26.27 on Q3 results.

Shares of Hertz Global Holdings

were down 12.26 percent to $22.62 after the company lowered its full-year outlook. Westport Innovations

shares tumbled 8.13 percent to $25.08 after the company announced a 6 million common stock offering. Jabil Circuit

was down, falling 5.33 percent to $22.72 after the company issued a

for the current quarter.

In commodity news,

to $103.01, while gold traded down 0.28 percent to $1,332.40. Silver traded down 0.28 percent Thursday to $21.83, while copper rose 1.34 percent to $3.32.

European shares

today. The Spanish Ibex Index surged 0.34 percent, while Italy's FTSE MIB Index fell 1.02 percent. Meanwhile, the German DAX gained 0.06 percent and the French CAC 40 rose 0.02 percent while U.K. shares climbed 0.15 percent.

US jobless claims declined 5,000 to 305,000 in the week ended September 21. However, economists were estimating claims to rise to 327,000. The US economy expanded at an annualized rate of 2.5% in the second quarter. The Bloomberg Consumer Confidence Index rose to -28.10 for the week ended September 22, versus a prior reading of -29.40. The pending home sales index declined 1.6% in August from July, versus economists' expectations for a 1% fall. The Kansas City Fed manufacturing index for September will be released at 11:00 a.m. ET. The Treasury is set to auction 3-and 6-month bills. Data on money supply will be released at 4:30 p.m. ET.