Mid-Morning Market Update: Markets Open Higher; BlackBerry Co-Founder Lowers Stake


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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.

Top Headline
On Tuesday, BlackBerry (NASDAQ: BBRY) co-founder Michael Lazaridis lowered his stake in the company to just below 5% versus 5.7%.

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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.

Equities Trading DOWN
Shares of Goodrich Petroleum (NYSE: GDP) were down 6.65 percent to $16.15 following the news

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of plugging at Tuscaloosa Marine Shale.

Opko Health (NYSE: OPK) tumbled 1.99 percent to $8.86. Opko Health shares have surged 93.16% over the past 52 weeks. Capital Senior Living (NYSE: CSU) was down, falling 1.64 percent to $23.43 after 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 0.18 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.

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.

The Treasury is set to auction 3-and 6-month bills.

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


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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