Mid-Day Market Update: Jabil Circuit Shares Decline On Weak View; Bed Bath & Beyond Spikes Higher

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Midway through trading Thursday, the Dow traded up 0.21 percent to 15,305.89 while the NASDAQ surged 0.51 percent to 3,780.29. The S&P also rose, gaining 0.16 percent to 1,695.40.
Top Headline
Hertz Global Holdings
HTZ
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.
Equities Trading UP
HB Fuller Co
FUL
shot up 7.15 percent to $43.31 after the company reported Q3 results. Shares of Bed Bath & Beyond
BBBY
got a boost, shooting up 4.34 percent to $77.44 after the company reported upbeat fiscal second-quarter earnings. Progress Software
PRGS
was also up, gaining 4.61 percent to $26.57 on Q3 results.
Equities Trading DOWN

Shares of Hertz Global Holdings
HTZ
were down 13.58 percent to $22.28 after the company lowered its full-year outlook. Westport Innovations
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WPRT
shares tumbled 8.25 percent to $25.05 after the company announced a 6 million common stock offering. Jabil Circuit
JBL
was down, falling 7.67 percent to $22.16 after the company issued a
weak outlook
for the current quarter.
Commodities
In commodity news,
oil traded up 0.25 percent
to $102.92, while gold traded down 1.17 percent to $1,320.50. Silver traded down 0.92 percent Thursday to $21.69, while copper rose 0.95 percent to $3.30.
Euro zone
European shares
were mixed
today. The Spanish Ibex Index surged 0.32 percent, while Italy's FTSE MIB Index fell 1.20 percent. Meanwhile, the German DAX dropped 0.02 percent and the French CAC 40 fell 0.21 percent while U.K. shares climbed 0.21 percent.
Economics
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. Natural gas supplies surged 87 billion cubic feet for the week ended September 20, the US Energy Information Administration reported. However, analysts were expecting a rise of 74 billion cubic feet to 78 billion cubic feet. The Kansas City Fed manufacturing index declined to 2.00 in September, versus a prior reading of 8.00. However, economists were expecting a reading of 8.00. The Treasury is set to auction 7-year notes. Data on money supply will be released at 4:30 p.m. ET.
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Posted In: EarningsNewsGuidanceEurozoneCommoditiesForexGlobalEcon #sEconomicsHotIntraday UpdateMarketsMoversTech
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