Market Overview

Mid-Day Market Update: Dow Rises 100 Points; Auris Medical Shares Slide


Midway through trading Friday, the Dow traded up 0.40 percent to 25,026.00 while the NASDAQ climbed 0.19 percent to 7,839.06. The S&P also rose, gaining 0.18 percent to 2,803.36.

Leading and Lagging Sectors

On Friday, the energy shares climbed 0.53 percent. Meanwhile, top gainers in the sector included TransGlobe Energy Corporation (USA) (NASDAQ: TGA) up 7 percent, and Lonestar Resources US Inc (NASDAQ: LONE) up 5 percent.

In trading on Friday, telecommunication services shares fell 1.29 percent.

Top Headline

JPMorgan Chase & Co. (NYSE: JPM) reported better-than-expected results for its second quarter.

The bank posted Q2 profit of $2.29 per share on revenue of $27.8 billion. However, analysts expected earnings of $2.22 per share on revenue of $27.36 billion.


Equities Trading UP

ShiftPixy, Inc. (NASDAQ: PIXY) shares shot up 57 percent to $4.31 after the company issued upbeat guidance for the third quarter.

Shares of Biocept, Inc. (NASDAQ: BIOC) got a boost, shooting up 60 percent to $10.47 following announcement of marketing & distribution agreement for its biopsy tests with Alliance Global FZ for the Middle East, Southeast Asia and Africa regions.

Camber Energy, Inc. (NYSE: CEI) shares were also up, gaining 49 percent to $0.56 after the company disclosed execution of asset purchase agreement that will extinguish all of the company's existing bank debt.

Equities Trading DOWN

Auris Medical Holding AG (NASDAQ: EARS) shares dropped 47 percent to $0.30. Auris Medical said it has priced an underwritten public offering of 17.95 million common shares, series A warrants to buy 6.28 million common shares and Series V warrants to purchase 4.49 million shares. The combined price per unit, comprising of one share, one Series A warrant and one Series B warrant, is 39 cents per share.

Shares of Ingredion Inc (NYSE: INGR) were down 9 percent to $100.85 after the company disclosed a $125 million cost-savings program. The company issued weak Q2 earnings forecast and lowered its FY18 outlook.

Oragenics, Inc. (NASDAQ: OGEN) was down, falling around 34 percent to $0.80 after the company reported pricing of $12 million underwritten public offering.


In commodity news, oil traded up 0.65 percent to $70.79 while gold traded down 0.36 percent to $1,242.10.

Silver traded down 1.11 percent Friday to $15.80, while copper rose 0.05 to $2.7785.


European shares were higher today. The eurozone's STOXX 600 climbed 0.16 percent, the Spanish Ibex Index fell 0.45 percent, while Italy's FTSE MIB Index rose 0.43 percent. Meanwhile the German DAX gained 0.30 percent, and the French CAC 40 climbed 0.33 percent while U.K. shares rose 0.29 percent.


The import price index fell 0.4 percent for June, while the export price index increased 0.3 percent.

The University of Michigan's consumer sentiment index dropped to a reading of 97.1 in July, from June's reading of 98.2. However, economists were expecting a reading of 98.1.

The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

Posted-In: Mid-Day Market UpdateNews Eurozone Commodities Global Intraday Update Markets


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