Market Overview

Mid-Day Market Update: Twitter Shares Hit New High; Oil Futures Gain

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Midway through trading Thursday, the Dow traded up 0.44 percent to 16,429.66 while the NASDAQ surged 0.30 percent to 4,167.74. The S&P also rose, gaining 0.32 percent to 1,839.23.

Top Headline
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
Shares of Twitter (NYSE: TWTR) got a boost, shooting up 5.33 percent to $73.69 after gaining for three trading days. Twitter shares surged to a new high today.

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.

DryShips (NASDAQ: DRYS) was also up, gaining 10.07 percent to $4.59 after jumping 6.1% on Tuesday.

Equities Trading DOWN
Shares of Goodrich Petroleum (NYSE: GDP) were down 7.40 percent to $16.02 following the news of plugging at Tuscaloosa Marine Shale.

Opko Health (NYSE: OPK) tumbled 1.88 percent to $8.87. Opko Health shares have surged 93.16% over the past 52 weeks.

Capital Senior Living (NYSE: CSU) was down, falling 1.64 percent to $23.43after the company reported that it has completed the acquisition of four senior living communities for $64.9 million.

Commodities
In commodity news, oil traded up 0.31 percent to $99.53, while gold traded up 0.74 percent to $1,212.20.

Silver traded up 2.31 percent Thursday to $19.94, while copper rose 0.34 percent to $3.39.

Eurozone
European markets were closed today in observance of Boxing Day.

Economics
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.

Data on money supply will be released at 4:30 p.m. ET.

Posted-In: Earnings News Guidance Eurozone Futures Commodities Forex Global Econ #s Economics Hot Intraday Update Markets Movers Tech

 

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