A couple short squeezes and a U.S. government report showing jobless claims fell to their lowest point in five years weren’t able to help the nation’s major indices maintain their rallies Thursday.
ÃÛÌÒ´«Ã½s muddled around all day before finishing down across the board. The S&P 500 lost 0.37% to close at 1626.67, while the Dow Jones Industrial Average fell 0.15% to 15082.62. The Nasdaq managed to hold to a loss of 0.12% at 3409.17.
The squeeze was on at Green Mountain Coffee Roasters (NASDAQ:), which surged nearly 28% after its quarterly earnings and announced plans to extend its K-Cup partnership with Starbucks (NASDAQ:).
Electric automobile manufacturer Tesla Motors (NASDAQ:) also scared out the shorts after announcing its first-ever profit and revenues that topped Street estimates. TSLA stock ended Thursday up more than 24%.
Groupon (NASDAQ:) joined in the rally on surprisingly good news, gaining nearly 12% after a strong first-quarter report showed both revenue growth and smaller losses, as well as North American sales that improved 42% year-over-year.
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saying Microsoft (NASDAQ:) could offer to buy the digital assets of Barnes & Noble’s (NYSE:) Nook Media unit for $1 billion sent BKS shares up 24% on the day. MSFT continued a recent slide, however, scaling back 1%.
Dish Network (NASDAQ:) didn’t fare as well after issuing a quarterly report that showed declines on both the top and bottom lines, highlighted by a 40% drop in earnings. DISH traded down just over 2% by day’s end.
Finally, Monster Beverage (NASDAQ:) was pelted after missing quarterly earnings, blaming the drop primarily on legal costs. MNST lost just more than 5%.
Three Up
- Orbitz (NYSE:): Up 21.2% ($1.37) to $7.82.
- Sodastream (NASDAQ:): Up 6.8% ($3.53) to $56.49.
- Sunpower (NASDAQ:): Up 6.3% (96 cents) to $16.32.
Three Down
- Rackspace (NYSE:): Down 24.7% ($12.88) to $39.36.
- Cooper Tire & Rubber (NYSE:): Down 7.6% ($1.99) to $24.35.
- Seagate Technology (NASDAQ:): Down 4.7% ($1.99) to $40.33.
Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing, he was long MSFT.
