Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 10/23 close:
Nasdaq Scans 10/23:
Active Options 10/23
After-hours buzz: Amazon, Microsoft, Pfizer & more http://www.cnbc.com/id/102116478
Amazon – The online retailer reported quarterly earnings and revenue below expectations, with its shares falling in after-hours trading.
Deckers Outdoor – The maker of UGG shoes fell in after-hours trading after reporting quarterly results.
Juniper Networks – The maker of computer-network equipment declined in after-hours trading after projecting fourth-quarter revenue beneath Wall Street estimates.
Microsoft – The software titan reported fiscal first-quarter earnings of 54 cents a share on revenue of $23.2 billion, surpassing expected EPS of 49 cents a share on sales of $22.02 billion. Its shares rose in after-hours trading.
Pandora Media – The online-music provider reported third-quarter revenue and earnings that beat estimates. Its shares declined in after-hours trading.
Pfizer – The pharmaceutical company rose in after-hours trading after saying its board had authorized another $11 billion to its share repurchase program, in addition to the $1.3 billion of authorization still remaining.
Dow rises 217 points as U.S. stocks notch solid gains
NEW YORK (MarketWatch) — U.S. stocks came off their session highs on Thursday, but the main benchmarks still closed with solid gains.
Thursday’s positive momentum was fueled by upbeat eurozone data and better-than-expected earnings results.
Investors rushed into cyclical stocks, such as industrials and the energy sector, and unloaded investments considered safer havens, such as Treasurys, sending the yield on a 1-year Treasury note up 6 basis points to 2.28%.
Strong quarterly results from components Caterpillar Inc. and 3M sent the Dow Jones Industrial Average DJIA, +1.32% higher by as much as 300 points during the session. The blue-chip index closed 216.58 points, or 1.3%, higher at 16,677.90.
Caterpillar and 3M shares, in fact, were together responsible for one-third of the Dow’s rally.
The S&P 500 SPX, +1.23% gained 23.71 points, or 1.3%, to finish at 1,950.82, with the industrial and energy sectors leading the way.
The Nasdaq Composite COMP, +1.60% jumped 69.95 points, or 1.6%, to close the day at 4,452.79.
Also pushing higher were the Dow transports DJT, +2.10% which jumped 174 points, or 2.1%, to 8,786.49.
Jeffrey Kleintop, chief global investment Strategist at Charles Schwab, credited upbeat earnings and an optimistic outlook from Caterpillar as the day’s driving forces, alongside positive economic data from Europe and China, which alleviated recent fears of global slowdown.
Kleintop added that, while it is possible the recent correction has run its course, “volatility is here to stay.” Data: CBOE Volatility Index.
“Investors will have to get used to an environment [marked by a reduction in] Fed backing, higher volatility and a dearth of uncorrelated assets. This calls for investors’ reassessment of their portfolios and their risk tolerance.” http://www.marketwatch.com/story/us-stocks-futures-climb-3m-gm-results-on-tap-2014-10-23?mod=MW_story_latest_news
Gold sinks as investors embrace risk
Haven appeal evaporates as stocks rise
SAN FRANCISCO (MarketWatch)—Gold futures fell Thursday, undercut as upbeat economic data and favorable corporate earnings results propelled stocks higher, signaling renewed investor appetite for risk and undercutting demand for haven assets like gold.
Gold for December delivery GCZ4, -1.23% slid $16.40, or 1.3%, to settle at $1,229.10 an ounce. December silver SIZ4, -0.12% declined 32 cents, or 1.8%, to $17.23 an ounce.
Gold is lower “on more profit-taking from the shorter-term futures traders and on chart consolidation following recent gains,” wrote Jim Wyckoff, an analyst at Kitco. “Less risk aversion in the marketplace this week has also been a negative for the safe-haven gold market.” http://www.marketwatch.com/story/gold-sinks-as-investors-embrace-risk-2014-10-23
U.S. stocks surge; Dow rises 200 points
Weekly jobless claims climb 17,000 to 283,000
NEW YORK (MarketWatch) — The U.S. stock market moved sharply higher on Thursday, as investors cheered upbeat manufacturing data from eurozone and better-than-expected earnings from Caterpillar Inc, 3M Co and General Motors.
Weekly jobless claims rose last week, but remained below the key 300,000 level for the sixth straight week, reflecting the low level of layoffs taking place in the economy.
Strong quarterly results from Dow components, Caterpillar Inc., and 3M sent the Dow Jones Industrial Average DJIA, +1.42% soaring nearly 200 points, or 1.1%, to 16,655
The S&P 500 SPX, +1.28% gained 18 points, or 0.95%, to 1,948.69. The Nasdaq Composite COMP, +1.58% jumped about 43 points, or around 1%, to 4,425.2.
Data: Markit said the initial October reading of its eurozone manufacturing purchasing managers index reached a two-month high at 50.7, above expectations of a reading at 50. The report offered some upbeat news at a time when worries about slowing global economic growth have prompted investors to sell off equities world-wide.
But the report also suggested manufacturers and service providers don’t expect a significant pickup in the pace of activity in the coming months. Markit will release its initial October purchasing manufacturing index for the U.S. at 9:45 a.m. Eastern Time.
The number of people who applied for U.S. unemployment benefits rose by 17,000 last week to 283,000. Economists polled by MarketWatch had expected claims to rise to a seasonally-adjusted 285,000 in the week ended Oct. 18.
The Federal Housing Finance Agency was slated to post a report on home prices for August at 9:00 a.m., and the Conference Board’s leading indicators data are set for release at 10 a.m. Eastern.
Caterpillar earnings juice futures; jobless claims eyed
U.S. stock index futures are pointing to a sharply higher open on Wall Street on Thursday after Dow component Caterpillar reported earnings that were sharply higher than expected.
U.S. stocks had been expected to reverse losses seen on Wednesday following the fatal shooting of a soldier in Ottawa and oil falling to a more-than two-year low on the back of better global industrial data.
European and Asian markets were buoyed by positive purchasing manager’s index (PMI) data – a good indicator of growth and business optimism — on Thursday. In the euro zone, composite PMI data (which includes manufacturing and services)was stronger than expectedat 52.2 in October, up from 52.0 in September. In China, meanwhile, HSBC flash manufacturing PMI data rose to a three-month high of 50.4 in October, above the bank’s final reading of 50.2 last month.
In the U.S., investors will be watching for jobless claims data released at 8:30 a.m. New York time, FHFA Home prices at 9:00a.m. and leading indicators are released at 10a.m.
Along with Caterpillar, MMM,General Motors, Raytheon, Untied Continental, Alaska Air, Southwest Air, JetBlue, American AirlinesGroup, Union Pacific, Comcast (CNBC’s parent company), Eli Lilly, Royal Caribbean, Under Armour, Celgene, Dunkin’ Brands, Pulte Group, Dr. Pepper Snapple, Imax and Brunswick report before the bell.
Credit Suisse reported third-quarter net profit above analyst forecasts as investment banking revenue rose.
Microsoft and Amazon.com report after the close, as does Altera, Juniper Networks, Southwestern Energy, Flowserve, Biomarin Pharma, Altera, Cerner, DeVry and Decker’s Outdoor.