U.S. stocks closed narrowly mixed on Thursday as investors digested more earnings and second-quarter GDP, a day after the Federal Reserve left interest rates unchanged.
“I think there’s a lot of confusion really. The focus was trying to understand what’s going on with economic growth and the Fed,” said David Kelly, chief global strategist at JPMorgan Funds. “People aren’t quite sure whether the data makes it more likely or less likely that they will tighten.”
After the second-quarter gross domestic product report came in slightly below expectations, traders will watch Friday’s employment cost index for another indicator on the labor market and inflation.
“That should shed light on most important data points that the Fed (is watching),” said Quincy Krosby, market strategist at Prudential Financial. “The ECI in this environment is one of the most important pieces. It’s been slow. It’s been grudgingly moving higher.”
NetScout Systems, Inc. (NASDAQ:NTCT) increased 5.62% and closed at $39.49 in the last trading session with the overall traded volume of 3.54 million shares, versus the average volume of 2.60 million shares. Its fifty two week range was $31.59-$48.13. It has market cap of $3.83 billion while its total outstanding shares are 102.32 million. NetScout Systems, Inc.(NASDAQ:NTCT) a market leader in service assurance solutions, reported financial results for its 1stquarter of fiscal year 2016 ended June 30, 2015. Anil Singhal, NetScout’s president and CEO said that NetScout’s 1st -quarter fiscal year 2016 results reflect another quarter with revenue in excess of $100 million along with solid non-GAAP profitability as we were very pleased by the growing interest in our nGeniusONE solution by both enterprise and service supplier customers.
Alcatel Lucent SA (ADR) (NYSE:ALU) moved up 5.35% with the closing price of $3.74. The overall volume in the last trading session was 6.72 million shares. Its fifty two week range was $2.28-$4.96. The total market capitalization remained $10.19 billion while its total outstanding shares are 2.78 billion. Alcatel Lucent SA (ADR)(NYSE:ALU) has revealed that consumers are increasingly looking to service suppliers to offer them high-definition voice and video calling services over LTE and Wi-Fi®. In a study of 5,500 smartphone owners in the U.S., the U.K., Japan and Brazil, Alcatel-Lucent also identified how new technologies such as wearables, connected homes and cars, and the Internet of Things will change the way they use services and interact with their mobile devices in the future.
WestRock Co (NYSE:WRK) increased 5.79% to close at $62.83 in the last trading session and its total traded volume was 3.53 million shares versus average volume of 1.40 million. The company has market cap of $15.50 billion while its total outstanding shares are 140.80 million. WestRock Co(NYSE:WRK) declared results for its fiscal 3rdquarter, which ended June 30, 2015. On July 1, 2015, Rock-Tenn Company and MeadWestvaco Corporation completed a strategic combination of their respective businesses. After completion of this transaction, RockTenn and MeadWestvaco became wholly owned subsidiaries of WestRock. In this release, the Company has presented selected financial results for the quarter ended June 30, 2015, for RockTenn and MeadWestvaco and has shown combined results for certain metrics.
Suncor Energy Inc. (USA) (NYSE:SU) increased 6.00% to closed at $28.28 and its overall volume in the last trading session was 7.25 million shares, versus average trading volume of 4.24 million. It has market cap of $.8.70 million while its total outstanding shares are 1.45 billion. Suncor Energy Inc. (USA)(NYSE:SU) works as an integrated energy company. The company first and foremost focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical goods first and foremost in Canada; and markets third party petroleum goods. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate, Energy Trading, and Eliminations segments.