Mid-Afternoon Afternoon Market Update: Markets Continue Melt Upwards as Textura Falls on Citron Report
Toward the end of trading Thursday, the Dow traded up 0.75 percent to 16,480.66 while the NASDAQ surged 0.32 percent to 4,168.74. The S&P also rose, gaining 0.50 percent to 1,842.23.
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 4.10 percent to $72.83 on a volatile session after gaining for three trading days. Twitter shares surged to a new high today.
3D Systems (NYSE: DDD) was also up, gaining 6.96 percent to $92.06, breaking the psychological $90 level as traders rushed into 3D printing names on Thursday's session.
DryShips (NASDAQ: DRYS) was also up, gaining 11.51 percent to $4.66 as the whole sector showed continued strength from Tuesday's trading session.
Opko Health (NYSE: OPK) tumbled 2.65 percent to $8.80. Opko Health shares have surged 93.16% over the past 52 weeks.
Textura Corporation (NYSE: TXTR) shares were down as well, falling 16.19 percent to $31.72 after Citron Research issued a scathing report on the company midway through the morning Thursday.
In commodity news, oil traded up 0.33 percent to $99.55, while gold traded up 0.59 percent to $1,210.20.
Silver traded up 1.57 percent Thursday to $19.81, while copper rose 0.46 percent to $3.39.
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.
Data on money supply will be released at 4:30 p.m. ET.
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