Financial News

Mixed open over economic data

The markets opened mixed with the Dow losing 38 points to 17,647 while Nasdaq rose 7 points to 4,683 as consumer prices held steady in October.

On the upside

Magal Security Systems (Nasdaq: MAGS) reversed year ago losses to post a profit for the third quarter as revenue surged.

Third quarter earnings surged for Best Buy (NYSE: BBY) to surpass analyst expectations by a wide margin.

Williams-Sonoma (NYSE: WSM) reported higher third quarter earnings and revenue that beat analyst expectations prompting the company to lift its full year outlook.

On the downside

GoPro (Nasdaq: GPRO) priced its follow-on public offering of more than 10.3 million common shares at the discounted price of $75 per share.

Lexicon Pharmaceuticals (Nasdaq: LXRX) commenced an offering to sell $75 million of convertible senior notes and $50 million of its common stock.

Rockwell (Nasdaq: RMTI) priced its public offering of 6.5 million common share at the discounted price of $9 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 lost 4 points to 2044. Bitcoin fell $16 to $359.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback