{"id":1112,"date":"2010-10-15T11:09:00","date_gmt":"2010-10-15T11:09:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/market-sheds-early-gain\/1110\/"},"modified":"2010-10-15T11:09:00","modified_gmt":"2010-10-15T11:09:00","slug":"market-sheds-early-gain","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-sheds-early-gain\/1112\/","title":{"rendered":"Market Sheds Early Gain"},"content":{"rendered":"

The U.S. equity market shed its early gains, with the Dow Jones<\/a> and S&P 500<\/a> currently trading lower, while the Nasdaq<\/a> still trading higher. The Dow Jones<\/a> is currently down 0.47% to 11,042.08, the S&P 500 is currently down 0.34% to 1,169.82 and the Nasdaq<\/a> is currently up 0.34% to 2,443.73.<\/p>\n

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Advanced Micro Devices Inc. (NYSE: AMD<\/a>) reported its third-quarter financial results after market close on Thursday. The company posted a 16% increase in its third-quarter revenue to $1.62 billion. The company reported third-quarter net loss of $118 million, down from $128 million reported in the third quarter of 2009. Shares of Advanced Micro Devices are currently down 1.39% to $7.04, after touching a low of $7.01 in early trading.<\/p>\n

Shares of Gannett Co. Inc. (NYSE: GCI<\/a>) plunged after the company reported its third-quarter financial results. The McLean, Virginia-based Company reported third-quarter earnings per diluted share from continuing operations of $0.42, compared with $0.31 reported in third quarter of 2009. The company reported third-quarter operating revenue of $1.31 billion, unchanged from the third quarter of 2009. Shares of Gannett Co. Inc. touched an low o $12.47 in early trading, and are currently down 9.65% to $12.73.<\/p>\n

Shares of General Electric Company (NYSE:\u00a0 GE<\/a>) are currently down 4.66% to $16.36, after touching a low of $16.27 in early trading. The stock opened at $16.78, after the company reported its third-quarter financial results.<\/p>\n

The Commerce Department today said inventories in the U.S. rose more than forecast in August. According to figures released by the Commerce Department, inventories 0.6% in August.<\/p>\n

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