Mid-Day Market Update: Select Comfort Rises On Upbeat Earnings; Texas Capital Bancshares Shares Slide
April 20, 2017 - 12:06pm
Midway through trading Thursday, the Dow traded up 0.33 percent to 20,471.66 while the NASDAQ climbed 0.33 percent to 5,882.23. The S&P also rose, gaining 0.24 percent to 2,343.66.
Leading and Lagging Sectors
On Thursday, the basic materials sector proved to be a source of strength for the market. Leading the sector was strength from Kaiser Aluminum Corp. (NASDAQ: KALU) and Vale SA (ADR) (NYSE: VALE).
In trading on Thursday, utilities shares fell by 0.73 percent. Meanwhile, top losers in the sector included Westar Energy Inc (NYSE: WR), down 8 percent, and Companhia de Saneamento Basico (ADR) (NYSE: SBS), down 4 percent.
Verizon Communications Inc. (NYSE: MS) reported weaker-than-expected earnings for its first quarter.
Verizon posted adjusted earnings of $0.95 per share in the quarter on revenue of $29.8 billion; Analysts were expecting the company to earn $0.96 per share on revenue of $30.5 ...Full story available on Benzinga.com
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