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2021-05-05

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Mid-Morning Market Update: Markets Mostly Lower; General Motors Profit Beats Estimates

Following the market opening Wednesday, the Dow traded down 0.21% to 34,060.47 while the NASDAQ rose 0.07% to 13,643.47. The S&P also fell, dropping 0.02% to 4,163.71.

Mid-Morning Market Update: Markets Mostly Lower; General Motors Profit Beats Estimates

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The S&amp;P also fell, dropping 0.02% to 4,163.71.","content":"<html><body><p>Following the market opening Wednesday, the Dow traded down 0.21% to 34,060.47 while the NASDAQ rose 0.07% to 13,643.47. The S&amp;P also fell, dropping 0.02% to 4,163.71.</p>\n<p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 32,513,400 cases with around 578,500 deaths. India confirmed a total of at least 20,664,970 cases and 226,180 deaths, while Brazil reported over 14,856,880 COVID-19 cases with 411,580 deaths. In total, there were at least 154,404,850 cases of COVID-19 worldwide with more than 3,229,350 deaths, according to data compiled by Johns Hopkins University.</p>\n<p>\n<strong>Leading and Lagging Sectors</strong></p>\n<p>\r\nEnergy shares rose 2.7% on Wednesday. Meanwhile, top gainers in the sector included <strong> <a href=\"https://laohu8.com/S/CDEV\">Centennial Resource Development, Inc.</a></strong> (NASDAQ:CDEV), up 12%, and <strong> NexGen Energy Ltd.</strong> (NYSE:NXE), up 13%.</p>\n<p>\r\nIn trading on Wednesday, real estate shares fell 1.5%.</p>\n<p>\n<strong>Top Headline</strong></p>\n<p><strong>General Motors Company </strong> (NYSE:PFE) reported <em> better-than-expected</em> earnings for its first quarter.</p>\n<p>General Motors reported quarterly earnings of $2.25 per share, beating analysts’ estimates of $1.04 per share. The company’s quarterly sales came in at $32.50 billion, versus expectations of $32.67 billion.</p>\n<p>General Motors said it sees FY21 adjusted earnings of $4.50-$5.25 per share, versus analysts’ estimates of $5.29 per share.</p>\n<p>\n<strong>Equities Trading UP</strong></p>\n<p>\n<strong>Nemaura Medical Inc.</strong> (NASDAQ:NMRD) shares shot up 51% to $7.15 after the company reported an order for 200,000 sugarBEAT sensors.</p>\n<p>\r\nShares of <strong> <a href=\"https://laohu8.com/S/CHMA\">Chiasma, Inc.</a></strong> (NASDAQ:CHMA) got a boost, shooting 50% to $4.27 after <a href=\"https://laohu8.com/S/AMYT\">Amryt Pharma</a> agreed to acquire the company in an all-stock combination.</p>\n<p>\n<strong>Athenex, Inc.</strong> (NASDAQ:ATNX) shares were also up, gaining 39% to $5.16 after the company reported its acquired Kuur Therapeutics Inc, a portfolio company of IP Group plc, for $70 million upfront.</p>\n<p><em>Check out these big movers of the day</em></p>\n<p>\n<strong>Equities Trading DOWN</strong></p>\n<p><strong><a href=\"https://laohu8.com/S/COCP\">Cocrystal Pharma, Inc.</a></strong> (NASDAQ:COCP) shares tumbled 31% to $1.475 after the company announced a $40 million bought deal offering of common stock.</p>\n<p>Shares of <strong> Intrusion Inc.</strong> (NASDAQ:INTZ) were down 28% to $10.30 after the company reported worse-than-expected Q1 results. B. Riley FBR downgraded Intrusion from Buy to Neutral and lowered the price target from $30 to $13.5.</p>\n<p><strong>Esperion Therapeutics, Inc.</strong> (NASDAQ:ESPR) was down, falling 24% to $19.48 after the company reported worse-than-expected Q1 results.</p>\n<p>\n<strong>Commodities</strong></p>\n<p>\r\nIn commodity news, oil traded up 1% to $66.37, while gold traded up 0.1% to $1,777.80.</p>\n<p>\r\nSilver traded down 0.5% Wednesday to $26.415 while copper rose 0.6% to $4.5465.</p>\n<p>\n<strong>Euro zone</strong></p>\n<p>European shares were higher today. The eurozone’s STOXX 600 climbed 1.3%, the Spanish Ibex Index rose 0.9% and the German DAX 30 gaind 1.3%. Meanwhile, the London’s FTSE 100 gained 1.1%, French CAC 40 rose 0.8% and Italy’s FTSE MIB surged 1.1%.</p>\n<p>Producer prices in the Eurozone increased 1.1% in March, following a 0.5% rise in the earlier month. The IHS <a href=\"https://laohu8.com/S/MRKT\">Markit</a> Eurozone composite PMI edged higher to 53.8 in April from a preliminary reading of 53.7.</p>\n<p>French composite PMI was revised lower to 51.6 in April from a preliminary reading of 51.7, while German composite PMI slipped to 55.8 in April from a preliminary level of 56.</p>\n<p>\n<strong>Economics</strong></p>\n<p>\r\nPrivate businesses in the US hired 742,000 workers in April versus a revised 565,000 increase in March.</p>\n<p>\r\nThe IHS Markit services PMI increased to 64.7 in April versus a preliminary estimate of 63.1.</p>\n<p>\r\nThe ISM non-manufacturing PMI fell to 62.7 in April from 63.7 in the previous month.</p>\n<p>\r\nThe Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.</p>\n<p>\r\nFederal Reserve Bank of Boston President Eric Rosengren will speak at 11:00 a.m. ET.</p>\n<p>\r\nFederal Reserve Bank of Cleveland President Loretta Master is set to speak at 12:00 p.m. ET.</p>\n<p>\r\nFederal Reserve Bank of Chicago President Charles Evans will speak at 3:00 p.m. ET.</p>\n<p><em>Check out the full economic calendar here </em></p>\n</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mid-Morning Market Update: Markets Mostly Lower; General Motors Profit Beats Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMid-Morning Market Update: Markets Mostly Lower; General Motors Profit Beats Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-05 22:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Following the market opening Wednesday, the Dow traded down 0.21% to 34,060.47 while the NASDAQ rose 0.07% to 13,643.47. The S&amp;P also fell, dropping 0.02% to 4,163.71.</p>\n<p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 32,513,400 cases with around 578,500 deaths. India confirmed a total of at least 20,664,970 cases and 226,180 deaths, while Brazil reported over 14,856,880 COVID-19 cases with 411,580 deaths. In total, there were at least 154,404,850 cases of COVID-19 worldwide with more than 3,229,350 deaths, according to data compiled by Johns Hopkins University.</p>\n<p>\n<strong>Leading and Lagging Sectors</strong></p>\n<p>\r\nEnergy shares rose 2.7% on Wednesday. Meanwhile, top gainers in the sector included <strong> <a href=\"https://laohu8.com/S/CDEV\">Centennial Resource Development, Inc.</a></strong> (NASDAQ:CDEV), up 12%, and <strong> NexGen Energy Ltd.</strong> (NYSE:NXE), up 13%.</p>\n<p>\r\nIn trading on Wednesday, real estate shares fell 1.5%.</p>\n<p>\n<strong>Top Headline</strong></p>\n<p><strong>General Motors Company </strong> (NYSE:PFE) reported <em> better-than-expected</em> earnings for its first quarter.</p>\n<p>General Motors reported quarterly earnings of $2.25 per share, beating analysts’ estimates of $1.04 per share. The company’s quarterly sales came in at $32.50 billion, versus expectations of $32.67 billion.</p>\n<p>General Motors said it sees FY21 adjusted earnings of $4.50-$5.25 per share, versus analysts’ estimates of $5.29 per share.</p>\n<p>\n<strong>Equities Trading UP</strong></p>\n<p>\n<strong>Nemaura Medical Inc.</strong> (NASDAQ:NMRD) shares shot up 51% to $7.15 after the company reported an order for 200,000 sugarBEAT sensors.</p>\n<p>\r\nShares of <strong> <a href=\"https://laohu8.com/S/CHMA\">Chiasma, Inc.</a></strong> (NASDAQ:CHMA) got a boost, shooting 50% to $4.27 after <a href=\"https://laohu8.com/S/AMYT\">Amryt Pharma</a> agreed to acquire the company in an all-stock combination.</p>\n<p>\n<strong>Athenex, Inc.</strong> (NASDAQ:ATNX) shares were also up, gaining 39% to $5.16 after the company reported its acquired Kuur Therapeutics Inc, a portfolio company of IP Group plc, for $70 million upfront.</p>\n<p><em>Check out these big movers of the day</em></p>\n<p>\n<strong>Equities Trading DOWN</strong></p>\n<p><strong><a href=\"https://laohu8.com/S/COCP\">Cocrystal Pharma, Inc.</a></strong> (NASDAQ:COCP) shares tumbled 31% to $1.475 after the company announced a $40 million bought deal offering of common stock.</p>\n<p>Shares of <strong> Intrusion Inc.</strong> (NASDAQ:INTZ) were down 28% to $10.30 after the company reported worse-than-expected Q1 results. B. Riley FBR downgraded Intrusion from Buy to Neutral and lowered the price target from $30 to $13.5.</p>\n<p><strong>Esperion Therapeutics, Inc.</strong> (NASDAQ:ESPR) was down, falling 24% to $19.48 after the company reported worse-than-expected Q1 results.</p>\n<p>\n<strong>Commodities</strong></p>\n<p>\r\nIn commodity news, oil traded up 1% to $66.37, while gold traded up 0.1% to $1,777.80.</p>\n<p>\r\nSilver traded down 0.5% Wednesday to $26.415 while copper rose 0.6% to $4.5465.</p>\n<p>\n<strong>Euro zone</strong></p>\n<p>European shares were higher today. The eurozone’s STOXX 600 climbed 1.3%, the Spanish Ibex Index rose 0.9% and the German DAX 30 gaind 1.3%. Meanwhile, the London’s FTSE 100 gained 1.1%, French CAC 40 rose 0.8% and Italy’s FTSE MIB surged 1.1%.</p>\n<p>Producer prices in the Eurozone increased 1.1% in March, following a 0.5% rise in the earlier month. The IHS <a href=\"https://laohu8.com/S/MRKT\">Markit</a> Eurozone composite PMI edged higher to 53.8 in April from a preliminary reading of 53.7.</p>\n<p>French composite PMI was revised lower to 51.6 in April from a preliminary reading of 51.7, while German composite PMI slipped to 55.8 in April from a preliminary level of 56.</p>\n<p>\n<strong>Economics</strong></p>\n<p>\r\nPrivate businesses in the US hired 742,000 workers in April versus a revised 565,000 increase in March.</p>\n<p>\r\nThe IHS Markit services PMI increased to 64.7 in April versus a preliminary estimate of 63.1.</p>\n<p>\r\nThe ISM non-manufacturing PMI fell to 62.7 in April from 63.7 in the previous month.</p>\n<p>\r\nThe Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.</p>\n<p>\r\nFederal Reserve Bank of Boston President Eric Rosengren will speak at 11:00 a.m. ET.</p>\n<p>\r\nFederal Reserve Bank of Cleveland President Loretta Master is set to speak at 12:00 p.m. ET.</p>\n<p>\r\nFederal Reserve Bank of Chicago President Charles Evans will speak at 3:00 p.m. ET.</p>\n<p><em>Check out the full economic calendar here </em></p>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","INTZ":"Intrusion, Inc.","PFE":"辉瑞","NXE":"Nexgen Energy Ltd.","NMRD":"Nemaura Medical, Inc.","COCP":"Cocrystal Pharma, Inc.","BGC":"BGC GROUP","ATNX":"Athenex Inc.","ESPR":"Esperion Therapeutics Inc.","CHMA":"Chiasma, Inc."},"source_url":"https://www.benzinga.com/news/earnings/21/05/20966157/mid-morning-market-update-markets-mostly-lower-general-motors-profit-beats-estimates","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133525395","content_text":"Following the market opening Wednesday, the Dow traded down 0.21% to 34,060.47 while the NASDAQ rose 0.07% to 13,643.47. The S&P also fell, dropping 0.02% to 4,163.71.\nThe U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 32,513,400 cases with around 578,500 deaths. India confirmed a total of at least 20,664,970 cases and 226,180 deaths, while Brazil reported over 14,856,880 COVID-19 cases with 411,580 deaths. In total, there were at least 154,404,850 cases of COVID-19 worldwide with more than 3,229,350 deaths, according to data compiled by Johns Hopkins University.\n\nLeading and Lagging Sectors\n\r\nEnergy shares rose 2.7% on Wednesday. Meanwhile, top gainers in the sector included  Centennial Resource Development, Inc. (NASDAQ:CDEV), up 12%, and  NexGen Energy Ltd. (NYSE:NXE), up 13%.\n\r\nIn trading on Wednesday, real estate shares fell 1.5%.\n\nTop Headline\nGeneral Motors Company  (NYSE:PFE) reported  better-than-expected earnings for its first quarter.\nGeneral Motors reported quarterly earnings of $2.25 per share, beating analysts’ estimates of $1.04 per share. The company’s quarterly sales came in at $32.50 billion, versus expectations of $32.67 billion.\nGeneral Motors said it sees FY21 adjusted earnings of $4.50-$5.25 per share, versus analysts’ estimates of $5.29 per share.\n\nEquities Trading UP\n\nNemaura Medical Inc. (NASDAQ:NMRD) shares shot up 51% to $7.15 after the company reported an order for 200,000 sugarBEAT sensors.\n\r\nShares of  Chiasma, Inc. (NASDAQ:CHMA) got a boost, shooting 50% to $4.27 after Amryt Pharma agreed to acquire the company in an all-stock combination.\n\nAthenex, Inc. (NASDAQ:ATNX) shares were also up, gaining 39% to $5.16 after the company reported its acquired Kuur Therapeutics Inc, a portfolio company of IP Group plc, for $70 million upfront.\nCheck out these big movers of the day\n\nEquities Trading DOWN\nCocrystal Pharma, Inc. (NASDAQ:COCP) shares tumbled 31% to $1.475 after the company announced a $40 million bought deal offering of common stock.\nShares of  Intrusion Inc. (NASDAQ:INTZ) were down 28% to $10.30 after the company reported worse-than-expected Q1 results. B. Riley FBR downgraded Intrusion from Buy to Neutral and lowered the price target from $30 to $13.5.\nEsperion Therapeutics, Inc. (NASDAQ:ESPR) was down, falling 24% to $19.48 after the company reported worse-than-expected Q1 results.\n\nCommodities\n\r\nIn commodity news, oil traded up 1% to $66.37, while gold traded up 0.1% to $1,777.80.\n\r\nSilver traded down 0.5% Wednesday to $26.415 while copper rose 0.6% to $4.5465.\n\nEuro zone\nEuropean shares were higher today. The eurozone’s STOXX 600 climbed 1.3%, the Spanish Ibex Index rose 0.9% and the German DAX 30 gaind 1.3%. Meanwhile, the London’s FTSE 100 gained 1.1%, French CAC 40 rose 0.8% and Italy’s FTSE MIB surged 1.1%.\nProducer prices in the Eurozone increased 1.1% in March, following a 0.5% rise in the earlier month. The IHS Markit Eurozone composite PMI edged higher to 53.8 in April from a preliminary reading of 53.7.\nFrench composite PMI was revised lower to 51.6 in April from a preliminary reading of 51.7, while German composite PMI slipped to 55.8 in April from a preliminary level of 56.\n\nEconomics\n\r\nPrivate businesses in the US hired 742,000 workers in April versus a revised 565,000 increase in March.\n\r\nThe IHS Markit services PMI increased to 64.7 in April versus a preliminary estimate of 63.1.\n\r\nThe ISM non-manufacturing PMI fell to 62.7 in April from 63.7 in the previous month.\n\r\nThe Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.\n\r\nFederal Reserve Bank of Boston President Eric Rosengren will speak at 11:00 a.m. ET.\n\r\nFederal Reserve Bank of Cleveland President Loretta Master is set to speak at 12:00 p.m. ET.\n\r\nFederal Reserve Bank of Chicago President Charles Evans will speak at 3:00 p.m. ET.\nCheck out the full economic calendar here","news_type":1},"isVote":1,"tweetType":1,"viewCount":540,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":25,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}