Midway through trading Thursday, the Dow traded up 0.02 percent to 21,816.44 while the NASDAQ declined 0.16 percent to 6,268.54. The S&P also fell, dropping 0.06 percent to 2,442.65.
Leading and Lagging Sectors;
On Thursday, the healthcare shares climbed by 0.41 percent. Meanwhile, top gainers in the sector included China Cord Blood Corp CO 8.97%, up 9 percent, and Immunomedics, Inc. IMMU 5.07%, up 8 percent.
In trading on Thursday, telecommunications services shares fell by 0.27 percent. Meanwhile, top losers in the sector included China Unicom (Hong Kong) Limited (ADR) CHU 7.6%, down 8 percent, and Internet Gold Golden Lines Ltd IGLD 7.18% down 2 percent.
Dollar Tree, Inc. DLTR 8.99% posted upbeat quarterly earnings and increased its FY17 guidance.
Dollar Tree earned $0.99 per share in the second quarter on revenue of $5.28 billion. However, Wall Street analysts were expecting the company to earn $0.87 per share on revenue of $5.24 billion.
Dollar Tree now projects expects full-year net sales of $22.07 billion to $22.28 billion, versus its prior forecast of $21.95 billion to $22.25 billion. The company now projects full-year profit of $4.44 to $4.60 per share, compared to its earlier outlook of $4.17 to $4.43 per share.
Equities Trading UP;
Signet Jewelers Ltd. SIG 19.39% shares shot up 23 percent to $63.82 as the company posted stronger-than-expected Q2 profit and reported a deal to buy R2Net for $328 million in cash.
Shares of Michaels Companies Inc MIK 12.09% got a boost, shooting up 13 percent to $22.19 as the company posted upbeat quarterly earnings.
Guess?, Inc. GES 18.03% shares were also up, gaining 17 percent to $14.62 after the company reported stronger-than-expected earnings for its second quarter on Wednesday.
Equities Trading DOWN;
Hormel Foods Corp HRL 5.77% shares dropped 7 percent to $31.68 after the company reported weaker-than-expected profit for its third quarter and lowered its FY17 earnings outlook.
Shares of J M Smucker Co SJM 7.45% were down 7 percent to $110.37 after the company posted downbeat quarterly results and lowered its FY18 forecast.
Seadrill Ltd SDRL 28.75% was down, falling around 33 percent to $0.177. Seadrill reported a Q2 net loss of $158 million on revenue of $577 million. The company also disclosed that it will likely file for Chapter 11 bankruptcy protection on or before 12th September 2017.
In commodity news, oil traded down 1.16 percent to $47.85 while gold traded down 0.23 percent to $1,291.70.
Silver traded down 0.62 percent Thursday to $17.02, while copper rose 1.47 percent to $3.047.
European shares were higher today. The eurozone’s STOXX 600 gained 0.43 percent, the Spanish Ibex Index rose 0.65 percent, while Italy’s FTSE MIB Index surged 0.74 percent. Meanwhile the German DAX climbed 0.21 percent, and the French CAC 40 rose 0.20 percent while U.K. shares rose 0.66 percent.
Fed Chair Janet Yellen and European Central Bank President Mario Draghi are projected to speak at the Jackson Hole Economic Policy Symposium.
U.S. initial jobless claims rose 2,000 to 234,000 in the latest week. However, economists were expecting claims to reach 238,000 last week.
U.S. existing home sales declined 1.3 percent to an annual rate of 5.44 million for July. However, economists expected a 5.57 million rate.
Domestic supplies of natural gas increased 43 billion cubic feet for the week ended August 18, the U.S. Energy Information Administration reported. However, analysts were expecting a gain of 45 billion cubic feet.
The Kansas City Fed composite index rose to 16.00 for August, versus prior reading of 10.00.
Data on money supply for the recent week will be released at 4:30 p.m. ET.