Afternoon Market Update

Shares of General Motors Co (NYSE: GM) rose about 1.4% after the company reported 11.4% y/y rise in the US sales in November. The company's sales increased to 168,739 vehicles, versus 151,427, in the year-earlier period. Airline stocks rose, along with the wider equity market. The NYSE Arca Airline...

Shares of Interactive Brokers Group Inc (NASDAQ: IBKR) gained about 3.34% after the company declared a special dividend of $1.79 per share. The dividend will be payable on December 23, to the shareholders as of record on December 9. Oil and gas stocks fell along with the US equity indexes, as the...

US Technology stocks fell along with the broader equity market. However, some stocks moved up on the day known as Cyber Monday. The advancers include Amazon.com Inc (NASDAQ: AMZN), Overstock.com Inc (NASDAQ: OSTK) and Netflix Inc (NASDAQ: NFLX). Still, the Nasdaq Composite Index (COMP) lost about 1...

Oil and gas stocks moved higher along with broad equities market. The NYSE Arca Oil Index (XOI) rose about 1.04%, with Chevron Corp (CVX) as the top gainer in the list. The NYSE Arca Natural Gas Index (XNG) gained about 1.2%, while the Philadelphia Oil Service Sector Index (OSX) surged about 2.1%....

Shares of J Crew Group Inc (NYSE: JCG) surged about 16% after the company agreed to be purchased by TPG Capital and Leonard Green & Partners for about $3 billion or $43.50 per share, representing a 16% premium over JCG's closing price on Monday. JCG reported its Q3 profit at $0.58 per share on...

US airline stocks dropped along with wider equity market. Shares of United Continental Holdings (NYSE: UAL) and Southwest Airlines Co (NYSE: LUV) traded slightly up. However, Delta Air Lines (NYSE: DAL) and JetBlue Airways Corp (NASDAQ: JBLU) traded slightly lower. The NYSE Arca Airline Index (XAL...

Shares of NetApp Inc (NASDAQ: NTAP) surged about 7%, a day after the company reported better-than-expected quarterly results. Canaccord Genuity analyst Paul Mansky upgraded the stock from “hold” to “buy.” US Energy stocks gained along with the wider market. The NYSE Arca Oil Index (XOI) rose about...

Crude oil futures moved down, while gold futures rose, after separate reports depicted a decline in consumer prices and housing starts for the month of October. Crude oil for January delivery lost $0.01 at $82.76 per barrel. Gold for December delivery gained 0.1% to $1,340 an ounce. Shares of Chico...

Shares of Perfect World (NASDAQ: PWRD) dipped around 15% after the company reported a sharp decline in its Q3 earnings. Analysts at Credit Suisse and Citigroup both downgraded PWRD to “sell” rating. Shares of Saks Inc (NYSE: SKS) lost more than 1% after the company reported its Q3 results. The...

Moody's Investors Service has affirmed its long-term rating of “A2” on Caterpillar (NYSE: CAT) after the company announced its plans to buy Bucyrus International Inc (NASDAQ: BUCY) for $8.6 billion. Moody's said, "The affirmation of CAT's ratings reflects Moody's anticipation that the Bucyrus...

Shares of Dell Inc (NASDAQ: DELL) dropped as the company is all set to report its quarterly results next week. Dell shares have fallen by 7.06% in the past 52 weeks. Shares of Dell are down about 5%. Natural gas futures remained steady after the Energy Information Administration supply (EIA) report...

US Airline stocks moved down today. Some of the losers in the list are Southwest Airlines (NYSE: LUV), JetBlue Airways (NASDAQ: JBLU) and US Airways (NYSE: LCC). The NYSE Arca Airline Index (XAL) fell about 0.2%. US Treasurys moved down to push the yields higher, after higher-than-expected decline...

Shares of LDK Solar Co (NYSE: LDK) surged about 7.2% after the company reported three-fold y/y rise in its Q3 earnings. The company projects its Q4 revenue between $710 million and $750 million. However, analysts estimated revenue of $579.4 million for the same period. US Airline stocks moved down...

The Financial Select Sector SPDR Fund (XLF) lost about 0.8% after gaining in the earlier five trading sessions. However, shares of Bank of America Corp (NYSE: BAC) moved up about 1.2%. Shares of Radian Group (NYSE: RDN) dipped about 11.2% after the company announced its plans to offer convertible...

Shares of Time Warner Cable Inc (NYSE: TWC) surged after the company announced its plans of $4 billion stock repurchase. The company also reported 34% y/y rise in its Q3 profit. TWC shares are up about 5.5%. US Airline stocks moved up after American Airlines reported its passenger-traffic demand...