Market Overview

Mid-Afternoon Afternoon Market Update: Markets Continue Melt Upwards as Textura Falls on Citron Report

Mid-Afternoon Afternoon Market Update: Markets Continue Melt Upwards as Textura Falls on Citron Report
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Toward the end of trading Thursday, the Dow traded up 0.75 percent to 16,480.66 while the NASDAQ surged 0.32 percent to 4,168.74. The S&P also rose, gaining 0.50 percent to 1,842.23.

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

BlackBerry posted a Q3 loss of $4.4 billion last week.

Equities Trading UP
Shares of Twitter (NYSE: TWTR) got a boost, shooting up 4.10 percent to $72.83 on a volatile session after gaining for three trading days. Twitter shares surged to a new high today.

3D Systems (NYSE: DDD) was also up, gaining 6.96 percent to $92.06, breaking the psychological $90 level as traders rushed into 3D printing names on Thursday's session.

DryShips (NASDAQ: DRYS) was also up, gaining 11.51 percent to $4.66 as the whole sector showed continued strength from Tuesday's trading session.

Equities Trading DOWN
Shares of Goodrich Petroleum (NYSE: GDP) were down 5.43 percent to $16.32 following the news of plugging at Tuscaloosa Marine Shale.

Opko Health (NYSE: OPK) tumbled 2.65 percent to $8.80. Opko Health shares have surged 93.16% over the past 52 weeks.

Textura Corporation (NYSE: TXTR) shares were down as well, falling 16.19 percent to $31.72 after Citron Research issued a scathing report on the company midway through the morning Thursday.

In commodity news, oil traded up 0.33 percent to $99.55, while gold traded up 0.59 percent to $1,210.20.

Silver traded up 1.57 percent Thursday to $19.81, while copper rose 0.46 percent to $3.39.

European markets were closed today in observance of Boxing Day.

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.

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

Posted-In: Earnings News Short Sellers Guidance Eurozone Futures Commodities Global


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