Thursday Closing Bell: Markets Mixed at Close

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By Paul Ausick Published

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October 17, 2013: U.S. markets opened lower Thursday morning following the agreement last night to end (for now) to the federal government shutdown and to raise the debt ceiling temporarily. Disappointing earnings results from some big names pushed futures down before markets opened, as did a poor report on new jobless claims. The major indexes finished the day mixed, with the DJIA never rising into positive territory.

European and Asian markets closed mixed today while Latin American markets were lower.

Friday’s calendar includes speeches by Fed Governor Daniel Tarullo, Chicago Fed President Charles Evans, and Fed Governor Jeremy Stein and the following scheduled data releases and events (all times Eastern).

  • 10:00 a.m. – Leading indicators

Here are the closing bell levels for Thursday:

  • S&P500 1733.15 (+11.61; +0.67%)
  • DJIA 15370.49 (-2.18; -0.01%)
  • NASDAQ 3863.15 (+23.71; +0.62%)
  • 10YR TNOTE 2.597% (+0.59375)
  • Gold $1,323.00 (+9.10; +0.7%)
  • WTI Crude oil $100.67 (+40.70; +3.2%)
  • Euro/Dollar: 1.3677 (+0.0144; +1.06%)

Big Earnings Movers: International Business Machines Corp. (NYSE: IBM) is down 6.4% at $174.83 and gets the blame for dragging the DJIA down today. Goldman Sachs Group Inc. (NYSE: GS) is down 2.5% at $158.14 on lighter revenues. UnitedHealth Group Inc. (NYSE: UNH) is down 5.1% at $71.36 after so-so earnings and a cautious outlook.

Stocks on the Move: Amarin Corp. plc (NASDAQ: AMRN) is down 61.1% at $2.01 after failing to gain FDA approval for its Vascepa drug. ParkerVision Inc. (NASDAQ: PRKR) is up 61.2% at $5.43 after a Florida jury ruled in the company’s favor in a patent suit against Qualcomm Inc. (NASDAQ: QCOM).

In all, 314 NYSE stocks put up new 52-week highs today, while only 18 stocks posted new lows.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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