Stocks Rise Ahead of Non-farm Payrolls
Stocks closed fractionally higher on Thursday as traders turned their attention to tomorrow’s monthly employment report.
The Dow lost +20.20, the Nasdaq Composite +1.90, and the S&P 500 +1.78.
Shares of Research In Motion
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PowerRating) rose 5.9% after the company reported earnings per share more than doubled from a year ago.
Micron Technology
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PowerRating) gained 6.3%, despite reporting a worse than expected loss of $0.41 per share.
Constellation Brands
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PowerRating) swung to a fourth quarter loss, but the company beat estimates and raised its year end forecast. STZ shares closed 5.3% higher.
Schnitzer Steel
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PowerRating) reported much better than expected earnings and raised its outlook. SCHN rose 4.1%.
The commodities boom was back in focus today, with corn rising above $6 per bushel for the first time ever and rice also hitting a record high.
The dollar was little virtually unchanged ahead of non-farm payrolls.
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