Mid-Afternoon Market Update: Markets in the Green as Cisco Continues to Fall

Toward the end of trading Thursday, the Dow traded up 0.30 percent to 15,870.69 while the NASDAQ gained 0.19 percent to 3,973.70. The S&P also rose, surging 0.48 percent to 1,790.25.

Kohl's

reported an 18% drop in its third-quarter profit. Kohl's quarterly profit declined to $177 million, or $0.81 per share, from a year-ago profit of $215 million, or $$0.91 per share. Its revenue dropped to $4.44 billion from $4.49 billion. However, analysts were estimating earnings of $0.86 per share on revenue of $4.55 billion. Kohl's also lowered its full-year profit forecast to a range of $4.08 to $4.23 per share, versus its earlier forecast of $4.15 to $4.35 per share. It projects Q4 earnings of $1.59 to $1.74 per share.

SolarCity

shot up 5.17 percent to $57.06 after the company

of Solar Asset Backed Notes. Baird upgraded the stock from Neutral to Outperform. Shares of Marathon Petroleum

gained 5.18 percent to $78.99 as most of the refiner group traded up across the board. CGI Group

was also up, gaining 4.50 percent to $37.59 after the company

in the fourth quarter.

Shares of Cisco Systems

were down 12.09 percent to $21.09 after the company posted

fiscal first-quarter revenue and issued a weak outlook. Cisco also increased its share buyback program by $15 billion. Deutsche Bank downgraded the stock from Buy to Hold. Millennial Media

was also down on Thursday's session, falling 11.98 percent to 6.32 after the company's third quarter results disappointed traders. NetEase

was down, falling 4.62 percent to $66.16 after the company posted its Q3 unaudited financial results. Deutsche Bank

from Buy to Hold.

In commodity news,

to $93.79, while gold traded up 1.31 percent to $1,285.50. Silver traded up 0.58 percent Thursday to $20.74, while copper fell 0.19 percent to $3.17.

European shares

today. The Spanish Ibex Index rose 0.16 percent, while Italy's FTSE MIB Index fell 0.29 percent. Meanwhile, the German DAX gained 0.83 percent and the French CAC 40 climbed 1.01 percent while U.K. shares rose 0.58 percent.

US jobless claims fell by 2,000 to 339,000 in the week ended November 9. However, economists were projecting claims to drop to 335,000. US productivity rose by an annual rate of 1.9% in the third quarter, versus economists' expectations for a 2.4% increase. Unit-labor costs declined by 0.6%. The US trade deficit increased to $41.8 billion in September, versus a revised $38.7 billion in the prior month. However, economists were expecting the deficit to rise to $39.7 billion. The country's exports fell 0.2% to $188.9 billion, while imports climbed 1.2% to $230.7 billion. The Bloomberg Consumer Comfort Index surged to minus 33.9 in the week ended November 10, versus minus 37.9. Supplies of natural gas climbed 20 billion cubic feet for the week ended November 8, the US Energy Information Administration reported. However, analysts were estimating a rise of 20 billion cubic feet to 24 billion cubic feet. Crude supplies rose 2.6 million barrels for the week ended November 8, the US Energy Information Administration reported. However, analysts were expecting an increase of 1.8 million barrels. Data on money supply will be released at 4:30 p.m. ET.