Rising Oil Prices Tempers Upbeat Factory Orders Report

The markets closed mixed with the Dow losing 17 points to 9771 as rising oil prices tempered an upbeat factory orders report. Nasdaq gained 8 points to 2057.

On the upside

U. S. Energy (Nasdaq: USEG) announced that its BCD Farms 16-21 #1H well produced approximately 1,553 barrels of oil and 1.34 MMCF of natural gas each day.

Hecla Mining (NYSE: HL) impressed with third quarter earnings and revenue that surpassed analyst expectations by a wide margin.

Avis Budget Group (NYSE: CAR) reversed year ago losses to post a profit for the third quarter even as revenue dropped.

On the downside

Third quarter earnings and revenue for Technitrol (NYSE: TNL) plummeted due to the economic slump.

RTI International Metals (NYSE: RTI) blamed a drop in prices and decreasing shipments for a wider than expected loss for the third quarter.

Ness Technologies (Nasdaq: NSTC) disappointed with third quarter earnings that fell short of estimates and cut its guidance for the full year.

In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 570.

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.