Top Headline
Yesterday, Hewlett-Packard Company HPQ reported stronger-than-expected fourth-quarter results.
Its revenue dropped 3% to $29.1 billion. However, analysts were projecting a profit of $1 per share on revenue of $27.86 billion. For the fiscal first quarter, Hewlett-Packard expected an adjusted profit of $0.82 to $0.86 per share.
Equities Trading UPGW Pharmaceuticals plc GWPH shot up 9.91 percent to $38.47 after the company received regulatory approval for Sativex in Switzerland.
Shares of Hewlett-Packard Company HPQ got a boost, shooting up 7.61 percent to $27.00 after the company reported stronger-than-expected fourth-quarter results. Evercore Partners upgraded the stock from Underweight to Equalweight and raises the price target from $20.00 to $25.00.
Foster Wheeler AG FWLT was also up, gaining 6.27 percent to $30.53 on a report from The Times that rival Amec AMCBF is considering a bid, according to sources. Goldman Sachs has reportedly been hired as advisor on a potential deal.Equities Trading DOWN
Shares of Infoblox BLOX were down 22.13 percent to $35.01 after the company issued a weak outlook for the second quarter.
Analog Devices ADI was down, falling 5.53 percent to $47.16 after the company reported downbeat revenue for the fourth quarter.
CommoditiesIn commodity news, oil traded down 1.30 percent to $92.46, while gold traded up 0.74 percent to $1,250.70.
Silver traded up 0.54 percent Wednesday to $20.00, while copper fell 0.06 percent to $3.22.
EurozoneEuropean shares were higher today. The Spanish Ibex Index rose 0.76 percent, while Italy's FTSE MIB Index gained 1.01 percent. Meanwhile, the German DAX surged 0.35 percent and the French CAC 40 jumped 0.37 percent while U.K. shares rose 0.12 percent.
Economics
US jobless claims dropped by 10,000 to 316,000 in the week ended November 23. However, economists were estimating claims to increase to 330,000.
The Chicago Fed National Activity Index declined to -0.18 in October, versus a prior reading of 0.14.
The MBA's index of mortgage application activity declined 0.3% in the week ended November 25.The Bloomberg Consumer Comfort Index rose to -33.70 in the week ended November 24, versus a prior reading of -34.60.
The Reuter's/University of Michigan's consumer sentiment index climbed to a final reading of 75.1 in November, versus 73.2 in October. However, economists were expecting a final reading of 73.1.The Conference Board's index of leading indicators gained 0.20% in October, versus economists' expectations for a 0.00% rise.
The Treasury is set to auction 3-and 6-month bills. The Treasury will also auction 7-year notes.Data on farm prices will be released at 3:00 p.m. ET.
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