The major U.S. averages struggled all day Wednesday, but the Nasdaq was able to reverse its earlier losses to close trading up 0.07%. The Dow and S&P closed the day off their session lows, but in the red anyway.
Shares of Deere and Co (DE) touched record-high territory Thursday following the company's strong fourth-quarter earnings beat. Deere reported earnings of $1.57 per share, a full dime better than analysts were expecting for the period. Revenue rose 23% in the period to over $8 billion. The company also forecast first-quarter equipment sales will jump 38% year over year as demand in South America climbs.Deere shares closed trading up more than 4%
Amazon (AMZN) was another security that flirted with a record high close Wednesday in spite of the fact that there was no concrete news to precipitate the move. Amazon shares closed trading up 1.46% while the stock has gained more than 60% year to date.
HP Enterprise (HPE) investors are mourning the departure of CEO Meg Whitman by selling shares in the company, dropping the stock more than 9% in the process. The CEO announced that she will step down in February next year after joining the company in 2011. Whitman will be replaced by company president Antonio Neri.