Mid-Day Market Update: Markets Mixed, Apple Continues to Tumble

Mid-way through trading Thursday, the Dow traded up 0.30 percent to 13,821.77 while the NASDAQ fell 0.62 percent to 3,134.63. The S&P also fell, decreasing 0.05 percent to 1,494.45. Top Headline
In earnings this morning there were a few notable releases, one that made headlines was Nokia NOK which came out missing EPS estimates by over 16 percent and revenue estimates by just under 2 percent. Following the report, shares spiked down over 7.3 percent, erasing much of the gains made earlier in the month. Equities Trading UP
Netflix NFLX had its day after the close Wednesday, crushing analyst estimates causing a sharp short squeeze. Shares were up 37.60 percent in the premarket to $142.09 on the news. Swift Transportation SWFT was also up, gaining a solid 26.69 percent to $12.96 after the company beat street estimates on both the top and bottom lines. Shares of InvenSense INVN were also up, rising 9.86 percent to $14.55 following its earnings release Wednesday. Equities Trading DOWN
Flagstar Bancorp FBC fell throughout the early trading day, dropping 12.00 percent t $15.61 following its earnings report Wednesday. Shares of Apple AAPL were also down, falling 11.48 percent to $454.98 after the company posted a thin beat of analyst expectations, but disappointed traders on its earnings call. Diebold DBD was down as well, losing 8.45 percent to $29.90 after warning of decreased profit and the announcement that the company's CEO would step down. Commodities
In commodity news, oil traded up 0.99 percent to $96.17, while gold traded down 1.06 percent to $1,668.50. Silver traded down 0.49 percent Thursday to $31.69. Eurozone
European markets posted mixed results this morning after Apple's poor earnings report and some stronger than expected Chinese economic data. Leading the gainers, U.K. shares rose 0.27 percent while the French CAC rose 0.23 percent. Economics
In economic news, initial jobless claims came in at 330 thousand, below the projected 355 thousand and the prior report of 335 thousand, while continuing claims came in at 3.157 million, edging below expectations of 3.20 million and the prior release of 3.214 million. The Markit US PMI preliminary was also out, coming in at 56.1, beating expectations of 53.0 and the previous report of 54.0.