Mid-Day Market Update: Dow Jumps 250 Points; Cabelas Shares Fall On Downbeat Results

Midway through trading Thursday, the Dow traded up 1.48 percent to 17,422.58 while the NASDAQ jumped 1.41 percent to 4,908.17. The S&P also rose, gaining 1.40 percent to 2,047.23. Leading and Lagging Sectors In trading on Thursday, industrials shares jumped by 2.29 percent. Top gainers in the sector included Trueblue Inc TBI, up 22 percent, and NVE Corp NVEC, up 15 percent. In trading on Thursday, healthcare shares dipped by 1.15 percent. Meanwhile, top losers in the sector included Community Health Systems CYH, down 34 percent, and AMN Healthcare Services, Inc. AHS, off 22 percent. Top Headline McDonald's Corporation MCD reported better-than-expected results for the third quarter on Thursday. The Oak Brook, Illinois-based company posted quarterly net income of $1.31 billion, or $1.40 per share, compared to $1.07 billion, or $1.09 per share, in the year-ago period. Its revenue declined to $6.62 billion from $6.99 billion. However, analysts were expecting earnings of $1.28 per share on revenue of $6.41 billion. Equities Trading UP Trueblue Inc TBI shares shot up 23 percent to $27.94 after the company reported upbeat Q3 sales and issued a strong sales forecast. Baird upgraded Trueblue from Neutral to Outperform. Shares of Proofpoint Inc PFPT got a boost, shooting up 13 percent to $62.47 on upbeat Q3 results. eBay Inc EBAY shares were also up, gaining 13 percent to $27.44 after the company reported upbeat earnings for the third quarter. Equities Trading DOWN Envision Healthcare Holdings Inc EVHC shares tumbled 32 percent to $25.00 after the company reported weaker-than-expected Q3 results and lowered its FY15 earnings outlook. Shares of Community Health Systems CYH were down 34 percent to $26.63 after the company reported weak preliminary operating results for the third quarter. Cabelas Inc CAB was down, falling 15 percent to $35.46 on weaker-than-expected Q3 results. Commodities In commodity news, oil traded up 0.75 percent to $45.54, while gold traded down 0.04 percent to $1,166.60. Silver traded up 0.86 percent Thursday to $15.85, while copper rose 0.93 percent to $2.38. Eurozone European shares were mostly higher today. The eurozone's STOXX 600 rose 2.03 percent, the Spanish Ibex Index rose 2.05 percent, while Italy's FTSE MIB Index surged 2 percent. Meanwhile, the German DAX climbed 2.48 percent, and the French CAC 40 jumped 2.28 percent, while U.K. shares rose 0.44 percent. Economics US jobless claims gained 3,000 to 259,000 in the week ended October 17. However, economists were expecting claims to reach 266,000. The FHFA House Price Index rose 0.30 percent in August, versus economists' expectations for a 0.40 percent growth. Existing home sales climbed 4.7 percent to an annual rate of 5.55 million in September. However, economists were projecting a sales rate of 5.34 million. The Consumer Board's Leading Index declined 0.20 percent in September, versus economists' expectations for a 0.00 percent growth. Supplies of natural gas climbed 81 billion cubic feet for the week ended October 16, the U.S. Energy Information Administration said. However, analysts were expecting a gain of 86 billion cubic feet to 90 billion cubic feet.