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Monsanto Co MON reported a rise in its fiscal first-quarter profit.
Its net sales jumped to $3.14 billion from $2.94 billion. However, analysts were projecting earnings of $0.64 per share on sales of $3.07 billion. Monsanto reaffirmed full-year 2014 earnings of $5.02 to $5.22 per share.
Equities Trading UPShares of Forest Laboratories FRX got a boost, shooting up 16.05 percent to $68.19 after the company announced its plans to acquire Aptalis for $2.9 billion.
Apollo Education Group APOL shot up 12.42 percent to $30.28 after the company reported an upbeat Q1 profit and raised its FY14 outlook. Compass Point upgraded the stock from Sell to Neutral and lifted the price target from $20.00 to $30.00.
Micron Technology MU was also up, gaining 11.18 percent to $24.16 after the company reported stronger-than-expected fiscal first-quarter results.Equities Trading DOWN
Shares of The Container Store Group TCS were down 10.93 percent to $40.78 on Q3 results. Bank of America downgraded the stock from Buy to Neutral.
Ambarella AMBA was down, falling 6.63 percent to $33.25 after Needham downgraded the stock from Buy to Hold.
CommoditiesIn commodity news, oil traded up 0.13 percent to $93.79, while gold traded down 0.65 percent to $1,221.60.
Silver traded down 2.01 percent Wednesday to $19.39, while copper rose 0.15 percent to $3.36.
EurozoneEuropean shares were mostly lower today. The Spanish Ibex Index rose 0.28 percent, while Italy's FTSE MIB Index surged 0.27 percent. Meanwhile, the German DAX declined 0.13 percent and the French CAC 40 fell 0.26 percent while U.K. shares dropped 0.32 percent.
Economics
The MBA's index of mortgage application activity rose 2.60% in the week ended January 3, 2014.
The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET.
Data on consumer credit for November will be released at 3:00 p.m. ET.The Treasury is set to auction 10-year notes.
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