Mid-Day Market Update: Thursday's Market Movers: Jobs Report, Bill Ackman; Keurig, Michael Kors, Tesla, and More!

The Dow Jones Industrial Index declined 0.86 percent, the S&P 500 dwindled 1.03 percent, the NASDAQ Composite was reduced 1.85 percent, crude oil WTI was hit 1.77 percent, and the US Dollar Index was down 0.05 percent on Thursday’s midday session.

China’s Shanghai Stock Exchange Composite Index declined 0.89 percent Thursday while the Athens Stock Exchange General Index soared a whopping 2.95 percent.

The nation is awaiting the Labor Department’s July employment report on Friday, which will hint a stronger indicator on the decision to raise or keep interest rates stagnant. The Bank of England has signaled that it will remain to start raising their interest rates gently in the United Kingdom early 2016; while the British Pound continued to extend losses against the United States Dollar. The Pound Sterling declined 0.6 percent lower than the US Dollar and the Euro.

Fannie Mae is to send US Treasury Department a total of $4.4 billion in the month of September as an expected interest rate increase helped wheel-in a 27 percent increase in second quarter earnings; $4.64 billion in Q2 versus $3.67 billion in Q2 of 2014.

Keurig Green Mountain Inc GMCR fell nearly 30 percent after the specialty coffee-maker lowered its earnings outlook for 2015 and reported slow growth on its coffee pods along with its brewing system; the company is introducing a new system, Kold, which will make soda, sports drinks, and other beverages with just a click of a button.

Michael Kors Holdings Inc KORS soared 12 percent as the clothing retailer topped expectations, though profits fell two consecutive quarters. Tesla Motors Inc TSLA tumbled 11 percent after the luxury-efficient car producer nearly tripled its losses from a year earlier, which questions if the company can become and sustain profitable.

Mr. Bill Ackman revealed a $5.5 billion stake in Mondelez International Inc MDLZ, specifying that he believes the company must grow revenues quickly and reduce costs “significantly,”or sell to a rival, according to the Wall Street Journal.

Stocks still continued to move as earnings season heats up:
Winners:
Ikanos Communications Inc IKAN skyrocketed 54 percent after the advanced semiconductor provider was reported to be acquired by QUALCOMM Inc QCOM for $2.75 per share.

Merge Healthcare Incorporated MRGE soared 31 percent after the software solutions developer was reported to be acquired by tech giant International Business Machines Corp IBM for $1 billion.

EnerNOC Inc ENOC was lifted 26 percent after the energy intelligence software (EIS) provider reported Q2 earnings statement; the company reported a loss of $0.32 per share, $0.54 above analyst expectations and had sales of $72.5 million, representing a whopping 64.6 percent year-over-year increase.

Hortonworks Inc HDP was heightened 18 percent after the enterprise-grade Hadoop solutions distributor reported Q2 earnings; the company reported an adjusted loss of $0.80 per share, $0.04 ahead of analyst projections, and far less than the $5.26 per share loss in Q2 of 2014.

NN Inc NNBR was up 16 percent after the manufacturer of metal beating, plastic, rubber, and precision metal components reported Q2 results; the company announced earnings of $7 million on sales of $164.9 million.

Losers:
Infosonics Corp IFON sunk 51 percent after the wireless handsets, tablets, and accessories provider reported Q2 report; the company announced a loss of $678,000, only a 5 percent increase over the same quarter last year. The company concluded that gross profit margin was significantly down and operating expenses were heightened.

Shutterstock Inc SSTK declined 32 percent after the global marketplace operator reported Q2 results; the company had a net income of $5.3 million on $104.4 million in sales. Analysts were expecting revenues of $105.6 million, and Shutterstock previously announced it had expected sales of $105-$108 million for the quarter.

Approach Resources Inc AREX was down 29 percent after the independent energy company announced Q2 results; the company reported sales of $38.6 million and a loss of $0.07 per share. Analysts were expecting sales of $44.46 million.

Summer Infant Inc SUMR dwindled 27 percent after the marketer, designer, and distributor of juvenile health reported Q2 results; the company reported net sales of $51.8 million, lower than Q1 sales of $52.6 million due to lower sales of licensed, private label, and furniture non-core businesses.

Marin Software Incorporated MRIN was down 27 percent after the provider of a cross-channel advertising cloud platform reported Q2 results; the company had sales of $26.77 million, below the projected $26.99, and a loss of $0.33 per share, below analyst expectations of a loss of $0.22 per share.