3D Systems Slips On Profit Warning; Regulus Therapeutics Shares Spike Higher

Toward the end of trading Wednesday, the Dow traded down 0.45 percent to 16,540.35 while the NASDAQ declined 0.29 percent to 4,406.57. The S&P also fell, dropping 0.23 percent to 1,936.77.

Leading and Lagging Sectors

In trading on Wednesday, utilities shares were relative leaders, up on the day by about 0.20 percent. Meanwhile, top gainers in the sector included El Paso Electric Co EE, up 2.1 percent, and NRG Energy NRG, up 2.1 percent.

Basic materials shares fell by 1.23 percent on Wednesday. Top losers in the sector included The Coeur Mining CDE, down 13 percent, and Tupperware Brands TUP, off 10 percent.

Top Headline

The Boeing Company BA reported upbeat earnings for the third quarter and lifted its earnings forecast for the year.

The Chicago, Illinois-based company posted a quarterly profit of $1.36 billion, or $1.86 per share, versus a year-ago profit of $1.16 billion, or $1.51 per share. Its core operating earnings surged to $2.14 per share from $1.80 per share.

Its revenue jumped to $23.78 billion. However, analysts were estimating a profit of $1.98 per share on revenue of $23 billion.

Equities Trading UP

Regulus Therapeutics RGLS shares shot up 109.40 percent to $14.18 after the company announced a breakthrough in its hepatitis C treatment.

Shares of iRobot IRBT got a boost, shooting up 14.46 percent to $36.18 after the company reported better-than-expected third-quarter results.

Six Flags Entertainment SIX shares were also up, gaining 12.61 percent to $38.85 on upbeat Q3 earnings.

Equities Trading DOWN

Shares of Boulder Brands BDBD were down 23.53 percent to $9.74 after the company announced preliminary Q3 results.

Lumber Liquidators Holdings LL shares tumbled 10.03 percent to $51.85 after the company reported downbeat Q3 results.

3D Systems DDD was down, falling 14.82 percent to $36.95 after the company warned that it would miss Q3 profit and sales guidance. The company also lowered its full-year revenue forecast.

Commodities

In commodity news, oil traded down 2.44 percent to $80.48, while gold traded down 0.58 percent to $1,244.40.

Silver traded down 2.13 percent Wednesday to $17.18, while copper fell 0.53 percent to $3.01.

Eurozone

European shares closed higher today. The eurozone’s STOXX 600 rose 0.73 percent, the Spanish Ibex Index climbed 0.96 percent, while Italy’s FTSE MIB Index jumped 1.09 percent. Meanwhile, the German DAX climbed 0.60 percent and the French CAC 40 jumped 0.58 percent while UK shares jumped 0.43 percent.

Economics

The MBA reported that its index of mortgage application activity climbed 11.6% in the week ended October 17.

The consumer price index rose 0.1% in September, after dropping 0.2% in the earlier month. The core CPI increased 0.1% in the month.

US crude-oil supplies increased 7.1 million barrels in the week ended October 17, according to the Energy Information Administration. However, analysts were projecting a rise of 2.5 million barrels. Gasoline inventories slipped 1.3 million barrels, while supplies of distillates climbed 1 million barrels.

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Posted In: EarningsNewsGuidanceEurozoneFuturesCommoditiesGlobalEcon #sMarkets
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