Mid-Morning Market Update: Markets Open Higher; BlackBerry Co-Founder Lowers Stake
Following the market opening Thursday, the Dow traded up 0.43 percent to 16,427.99 while the NASDAQ surged 0.10 percent to 4,159.41. The S&P also rose, gaining 0.22 percent to 1,837.40.
On Tuesday, BlackBerry (NASDAQ: BBRY) co-founder Michael Lazaridis lowered his stake in the company to just below 5% versus 5.7%.
BlackBerry posted a Q3 loss of $4.4 billion last week.
Equities Trading UP
Eagle Rock Energy Partners LP (NASDAQ: EROC) shot up 3.78 percent to $6.59 after Raymond James upgraded the stock from Underperform to Market Perform.
Shares of Twitter (NYSE: TWTR) got a boost, shooting up 3.56 percent to $72.45 after gaining for three trading days. Twitter shares surged to a new high today.
DryShips (NASDAQ: DRYS) was also up, gaining 8.39 percent to $4.52 after jumping 6.1% on Tuesday.
Opko Health (NYSE: OPK) tumbled 1.99 percent to $8.86. Opko Health shares have surged 93.16% over the past 52 weeks.
In commodity news, oil traded up 0.18 percent to $99.40, while gold traded up 0.76 percent to $1,212.40.
Silver traded up 1.98 percent Thursday to $19.87, while copper rose 0.30 percent to $3.38.
European markets were closed today in observance of Boxing Day.
U.S. jobless claims declined 42,000 to 338,000 in the week ended December 21, versus economists' expectations for a 345,000.drop. Continuing claims rose 46,000 to 2.92 million in the week ended December 14.
The Bloomberg Consumer Comfort Index rose to -27.40 in the week ended December 22, versus a prior reading of -29.40.
The Treasury is set to auction 3-and 6-month bills.
Data on money supply will be released at 4:30 p.m. ET.
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