News Summary

Shares of Jackson Hewitt Tax Services Inc JTX surged about 16% after the company reported its Q2 results. The company's loss came in at $0.67 per share, versus a loss of $0.68 per share, in the year-ago quarter. The company's adjusted loss came in at $0.66 per share. The company's revenue fell to $3.5 million from $4 million, in the year-ago quarter. However, analysts were expecting a loss of $0.74 per share on revenue of $4.3 million. Shares of Occidental Petroleum Corp OXY gained about 1.8% after the company announced its plans to lift its quarterly dividend by 21%. The company has raised its dividend to $0.46 from $0.38 per share. OXY has also disclosed its plans to sell its Argentine assets to China Petrochemical Corp for about $2.45 billion. Treasury prices dropped, while the US dollar rebounded against its major rivals after the US trade gap narrowed to $38.7 billion in October. Yields on 10-year notes gained about 1.93%. The dollar index (DXY) rose about 0.04%. Against the greenback, the euro lost about 0.1436%. Read more from Benzinga's Markets.