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TheStreet Open House

Dow Up Eight Days in Row

Company News

After the close of trading, Palm (PALM) reported a third-quarter loss of 61 cents a share and sales that rose to $366 million, beating its own guidance for sales in a range of $300 million to $320 million. Analysts had been looking for a third-quarter loss of 42 cents a share. The stock lost 12 cents, or 2.1%, to $5.53 in after-hours trading.

Transportation was the session's strongest sector with Boeing (BA) topping the Dow followed by 3M (MMM) and DuPont (DD).

Earlier, FedEx (FDX - Get Report) beat analysts' estimates with a 76-cent fiscal third-quarter profit, and raised fiscal fourth-quarter guidance. Shares gained $2.87, or 3.2%, to $92.67. Shares of rival United Parcel Service (UPS) added $1.54, or 2.5%, to $64.42.

Financial and commodity-related sectors were the worst performing sectors, with Alcoa (AA), Bank of America (BAC) and Caterpillar (CAT) serving as the Dow's biggest laggards.

Citigroup (C - Get Report), Ford Motor (F - Get Report) and Bank of America were the most heavily traded shares on the New York Stock Exchange, which had a listed volume of 4.2 billion. The Dow, meanwhile, saw volume of 153 million, compared with an average of 200 million.

Sirius XM Radio's (SIRI) stock lost 3.6% and seeing heavy trading on the Nasdaq after the exchange gave it a delisting warning.

Fed Ex

Shares of Trina Solar (TSL - Get Report) lost $2.54, or 11%, to $20.54 as investors spurned the company's plans to sell 7.9 million shares in a secondary offering.

China Mobile (CHL), the world's largest mobile operator by users, recorded 2009 profit growth of 2.3% as margins increased nearly 26%.

Late Wednesday, Nike (NKE - Get Report) reported third-quarter earnings that more than doubled from a year ago. The stock gained $3.78, or 5.3%, to $74.66 on Thursday.

Read on for details on trading in gold and energy markets.

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C $51.19 -0.37%
CHL $64.69 -0.66%
FDX $165.52 0.05%
F $16.01 -1.05%
NKE $99.39 0.40%


DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

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