Mid-Day Market Update: US Stocks Turn Lower; Omega Protein Shares Drop Following Q4 Results

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Midway through trading Thursday, the Dow traded down 0.46 percent to 16,922.40 while the NASDAQ declined 0.48 percent to 4,651.74. The S&P also fell, dropping 0.34 percent to 1,982.45.
Leading and Lagging Sectors
On Thursday, healthcare shares rose by 0.58 percent. Top gainers in the sector included
Flamel Technologies S.A. (ADR)FLML
,
Spectrum Pharmaceuticals, Inc.SPPI
, and
Sarepta Therapeutics IncSRPT
. In trading on Thursday, energy shares dipped by 0.90 percent. Meanwhile, top losers in the sector included
Williams Companies IncWMB
, down 9 percent, and
BP Prudhoe Bay Royalty TrustBPT
, down 12 percent.
Top HeadlineDollar General Corp.DG
reported upbeat earnings for its fourth quarter on Thursday. Dollar General posted a quarterly profit of $376.2 million, or $1.30 per share, versus a year-ago profit of $355.4 million, or $1.17 per share. Its sales rose 7.1 percent to $5.29 billion. However, analysts were expecting earnings of $1.26 per share on revenue of $5.3 billion. Its same-store sales climbed 2.2 percent for the quarter.
Equities Trading UP Vericel Corp
VCEL
shares shot up 106 percent to $4.38 on positive Phase 2b ixCELL-DCM data. Shares of
Pacific Ethanol IncPEIX
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got a boost, shooting up 28 percent to $5.39 after the company reported stronger-than-expected earnings for its fourth quarter.
Christopher & Banks CorporationCBK
shares were also up, gaining 38 percent to $2.61. Christopher & Banks reported a Q4 loss of $0.24 per share on revenue of $94.6 million. The company projects Q1 revenue of $93 million to $98 million.
Equities Trading DOWN InfoSonics CorporationIFON
shares dropped 38 percent to $1.16. InfoSonics reported a Q4 loss of $0.07 per share on revenue of $10.2 million. Shares of
Energy Focus IncEFOI
were down 37 percent to $8.28 after the company reported weaker-than-expected Q4 results.
Omega Protein CorporationOME
was down, falling around 24 percent to $16.65 after the company reported weaker-than-expected results for its fourth quarter.
Commodities
In commodity news, oil traded down 1.62 percent to $37.67, while gold traded up 0.68 percent to $1,266.00. Silver traded up 1.56 percent Thursday to $15.61, while copper fell 0.25 percent to $2.23.
Eurozone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.42 percent, the Spanish Ibex Index rose 2.94 percent, while Italy's FTSE MIB Index jumped 2.46 percent. Meanwhile, the German DAX climbed 0.54 percent, and the French CAC 40 gained 1.49 percent, while U.K. shares fell 0.23 percent.
Economics
US jobless claims declined 18,000 to 259,000 in the first week of March. However, economists were expecting initial jobless claims to reach 275,000 in the week.
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