Market Roundup (DLM, JCP, AAPL, GOOG, MSFT, MU, SKS)

Shares of Del Monte Foods Co DLM rose about 0.16% after the company reported upbeat FQ2 earnings. The company's earnings came in at $0.41 per share, up from $0.31 per share, in the year-ago quarter. The company's sales dropped to $941 million from $959 million. However, analysts expected earnings of $0.35 per share, on sales of $956.5 million. Shares of J.C. Penney Co JCP gained about 2.6% after the company's November same-store sales increased 9.2%. However, analysts were expecting an increase of 3.1% in the same-store sales. The retailer's total sales increased 7.2% to $1.85 billion. US Technology stocks gained, along with the wider equity market. The top gainers in the list included Apple Inc AAPL, Google Inc GOOG, Microsoft Corp MSFT and Micron Technology Inc MU. The Nasdaq Composite Index rose about 0.83%. Shares of Saks Inc SKS moved up about 0.6% after the retailer reported 5.3% increase in its November same-store sales. However, analysts estimated a rise of 9.5% in same-store sales. SKS' total sales for the month came in at $254.9 million, up from $245.1 million. Read more from Benzinga's Markets.