Financial News

Job openings climb, markets recover

The markets recovered early morning losses to trade mixed during the midday with the Dow tumbling 90 points to 17,762 as job openings climbed to a 13-year high. Nasdaq rose 7 points to 4,747.

On the upside

PetroQuest Energy (NYSE: PQ) made a significant discovery at its Thunder Bayou Project in Vermilion Parish, Louisiana.

PDC Energy (Nasdaq: PDCE) established a capital budget for 2015 of approximately $557 million and forecast production growth of approximately 50%.

Bloomberg reported that Banco Santander (NYSE: SAN) was exploring a possible acquisition of Santander Consumer USA (NYSE: SC).

On the downside

UTi Worldwide (Nasdaq: UTIW) widened third quarter losses more than expected as revenue fell and announced the resignation of chief executive officer Eric Kirchner.

Raymond James downgraded Spirit Airlines (Nasdaq: SAVE) from an Outperform rating to a Market Perform rating.

Investors locked in profits on Idera Pharmaceuticals (Nasdaq: IDRA).

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced declines by 3 to 2 on Nasdaq. The broader S&P 500 lost 6 points to 2053. Bitcoin fell $14 to $347.
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