Mid-Day Market Update: Nokia Falls Following Guidance Cut; CIM Commercial Trust Shares Climb

Midway through trading Thursday, the Dow traded fell 0.2% to 26,771.01, while the NASDAQ rose 0.6% to 8,165.14. The S&P also rose, gaining 0.1% to 3,007.67. Leading and Lagging Sectors Information Technology shares climbed 1.1% on Thursday. Meanwhile, top gainers in the sector included Align Technology, Inc. ALGN, up 12.3%, and Coupa Software Inc COUP, up 10.0%. In trading on Thursday, Communication Services shares fell 0.7%. Top Headline Twitter Inc TWTR shares tumbling after the company reported disappointing third quarter revenue and earnings. Twitter's stock slipped 17.9% in pre-market trading, after the company reported revenue of $823.7 million, missing consensus expectations of $874.0 million, and earnings of 17 cents per share, short of the Street estimate of 20 cents per share. Equities Trading UP DASAN Zhone Solutions Inc. DZSI shares rose 39.6% to $10.47 in pre-market trading. Shares of Cellect Biotechnology Ltd. APOP climbed 37.0% to $3.70 in pre-market trading, after a 1:5 reverse split of its American Depositary Shares. CIM Commercial Trust Corp. CMCT shares spiked 32.3% to $19.29 in pre-market trading, after the company announced a cash tender offer to purchase up to one‑third of its outstanding shares of Series L preferred stock at $29.12 per share. Equities Trading DOWN Nokia Oyj. NOK shares fell 21.1% to $4.03 in pre-market trading, after the company lowered its guidance for 2019 and 2020, citing digitization pressures and 5G investments. TherapeuticsMD, Inc. TXMD shares were down 19.0% to $2.98 in pre-market trading, after the company preannounced its third-quarter earnings. Twitter, Inc. TWTR shares slid 17.9% to $31.88 in pre-market trading, after the company reported its third quarter revenue and earnings short of expectations. Commodities In commodity news, oil traded up 0.3% to $56.15, while gold rose 0.6% to $1,504.90. Silver traded up 1.3% Tuesday to $17.82, while copper fell 0.3% to $2.66. Euro zone European shares were up today. The Eurozone's STOXX 600 was up 0.5%, the Spanish Ibex Index rose 0.1%, while Italy's FTSE MIB Index rose 0.8%. Meanwhile, the German DAX gained 0.6%, and the French CAC 40 was up 0.4% while UK shares climbed 0.9%. Economics New York Federal Reserve President John Williams will deliver a speech at 06:00 p.m. ET.