Post Market News
Stocks that were active in the U.S. trading on Thursday were Facebook Inc. (NASDAQ:FB), Seagate Technology Plc (NASDAQ:STX), General Motors Company (NYSE:GM), Monster Worldwide Inc. (NYSE:MWW) and Visa Inc.
- U.S.: Dow Jones: 14,830.96 (+0.88%), S&P 500: 1,597.52 (+0.94%), Nasdaq: 3,340.62 (+1.26%)
- World Markets: Shanghai: 2,174.12 (-0.17%), Nikkei 225: 13,694.04 (-0.76%), Hang Seng Index: 22,668.30 (-0.30%), TSEC: 8,128.51 (+0.43%), FTSE 100: 6,460.71 (+0.15%), EURO STOXX 50: 2,718.90 (+0.26%), BSE Sensex: 19,735.77 (+1.19%)
- Metals: Gold: $1467.60 (+1.48%), Silver: $23.83 (+2.09%), Platinum: $1500.20 (+2.09%)
- Currency: EUR/USD: 1.3057 (-1.17%), USD/JPY: 97.96 (+0.56%), GBP/USD: 1.5532 (-0.37%), USD/CAD: 1.0075 (0.11%), USD/CNY: 6.1558 (-0.15%), AUD/USD: 1.0257 (-0.34%)
- 10 year U.S. Treasury: 1.62% (-0.02), 30 year U.S. Treasury: 2.82% (-0.02)
Market And Economy Update
Data showed that consumer sentiment rose last week to the highest level since early 2008. Jobless claims unexpectedly declined by 18,000 to 324,000 in the week ended April 27, Labor Department said. The improving housing and stocks markets have improved consumer confidence, a positive sign for the U.S. economy.
Stock markets ended today’s session higher as all the three major indexes rose. The Dow Jones Industrial Average rose 130.01 points to 14,830.96, the S&P 500 Index was up 14.89 points to 1,597.59, while Nasdaq gained 41.49 points to close the session at 3,340.62.
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Stocks in Focus
Facebook Inc. (NASDAQ:FB)
The social networking giant posted first quarter revenues that topped Wall Street estimates. First quarter sales came at $1.46 billion, compared to analysts’ estimate of $1.44 billion. However, net profit of 12 cents per share fell short of expectations by one penny per share. Facebook said the number of monthly active users surged 23 percent YoY to 1.11 billion. Shares soared 5.61 percent to $28.97.
Seagate Technology Plc (NASDAQ:STX)
The electronic data storage company reported a 64 percent decline in its third quarter earnings as sales to PC makers shrank during the quarter. However, earnings as well as the second quarter guidance topped consensus estimate. Shares jumped 7.28 percent to $39.46 at the end of the session.
General Motors Company (NYSE:GM)
The largest U.S. automaker reported an 11 percent decline in the first quarter profits as weak sales in Europe affected the company’s performance. However, earnings of 67 cents a share topped Wall Street expectations of 54 cents per share. Revenues also came above the consensus estimate. Shares were up 3.25 percent at the end of the trading session to $31.39.
Monster Worldwide Inc. (NYSE:MWW)
The online recruitment company reported a 17 percent decline in its first quarter profits. The company earned $11.1 million on revenues of $211.9 million. Excluding one time items, earnings were 8 cents per share. However, earnings and revenues were well above consensus estimates. Monster Worldwide also announced a share buyback program of $200 million. Shares surged 8.86 percent to close the session at $4.67.
Visa Inc. (NYSE:V)
The payment processing company crushed Wall Street expectations by announcing the second quarter profit of $1.92 per share on $2.96 billion in revenues. Analysts were expecting $1.81 per share in earnings and $2.85 billion in revenues. Moreover, the company increased its full-year earnings guidance to about 20 percent. Shares jumped 5.65 percent to $175.40 at the end of the trading.