Markets Fall, MasterCard Beats Estimates
Benzinga | Oct 31, 2013 12:53PM ET
Following the market opening Thursday, the Dow traded down 0.23 percent to 15,583.12 while the NASDAQ declined 0.36 percent to 3,916.34. The S&P also fell, dropping 0.21 percent to 1,759.69.
Top Headline
MasterCard (MGM ) was down, falling 5.86 percent to $19.10 after the company reported a Q3 loss of $31.9 million, or $0.07 per share.
Commodities
In commodity news, oil traded down 0.14 percent to $96.63, while gold traded down 1.50 percent to $1,329.00. Silver traded down 3.93 percent Thursday to $22.08, while copper fell 0.54 percent to $3.31.
Euro Zone
European shares were mostly higher today. The Spanish Ibex Index rose 0.94 percent, while Italy's FTSE MIB Index gained 0.09 percent. Meanwhile, the German DAX rose 0.02 percent and the French CAC 40 climbed 0.45 percent while U.K. shares declined 0.48 percent.
Economics
US jobless claims declined by 10,000 to 340,000 in the week ending October 26. However, economists were projecting claims to drop to 337,000. The Chicago PMI rose to 65.90 in October, from a prior reading of 55.70. However, economists were expecting a reading of 55.00. The Bloomberg Consumer Comfort Index dropped to minus 37.6 in the week ending October 27, versus a prior reading of minus 36.1. The Treasury is set to auction 3-and 6-month bills. Data on farm prices will be released at 3:00 p.m. ET. Data on money supply will be released at 4:30 p.m. ET.
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