Stocks rose Friday, lifting market benchmarks to fresh records
after the Labor Department reported another month of strong jobs
hiring in May, finally erasing all of the nation's employment
losses from the 2008-'09 recession. Employers added 217,000 workers
last month, marking the first time since 2000 payrolls rose by more
than 200,000 new hires. Nearly all sectors in the S&P 500 rose,
led by shares of industrial and energy companies, while healthcare
stocks were the lone industry laggard.
The S&P 500 finished with a new record for the sixth time in
the past seven sessions and rising about 1.3% for the entire week.
The Dow Jones Industrials Average also notched another record close
while the Nasdaq Composite index extended gains at its best levels
since the Internet bubble years.
Crude oil for July delivery settled 26 cents higher at $102.74
per barrel while July natural gas added 2 cents to finish at $4.72
per 1 million BTU. August gold declined 80 cent to settle at
$1,252.70 per ounce while July silver slipped 9 cents to $19.00 per
ounce. July copper settled 9 cents lower at $3.05 per pound.
Here's where the markets stand at the end-of-day:
Dow Jones Industrial Average up 88 points (+0.5%) at 16,924
S&P 500 up 9 points (+0.5%) at 1,949
Nasdaq Composite Index up 25 points (+0.6%) at 4,321
Hang Seng Index down 0.69%
Shanghai China Composite Index down 0.54%
FTSE 100 Index up 0.66%
(+) ANET, Jumps sharply in its market debut after pricing its
initial public offering of 5.25 million shares at $43 apiece,
breezing past its expected price range of $36 to $40 per share and
generating $225.75 million in gross proceeds.
(+) CMTL, Q3 EPS of $0.32 tops estimates by $0.13 per share.
Revenue climbs 27.3% to $88.91 mln, beating consensus view by
$10.26 mln. Raises FY14 EPS forecast by $0.11 to new range of $1.25
to $1.30, topping Street by at least $0.05 per share.
(+) ANGI, Upgrade to Buy from Neutral at Bank of America Merrill
(-) RALY, Q1 revenue rises 21.2% year over year to $19.4 mln,
missing analyst estimates by $200,000, although $0.27 per share net
loss beats by $0.23. FY15 revenue forecast of $87 mln to $90 mln
lags Street view by at least $2.28 mln.
(-) DMND, Q3 net loss widens to $105.6 mln, or $3.63 per share,
from a $15.6 mln loss last year. Excluding one-time items, it
earned $0.11 per share, trailing Street view by $0.06. Net sales
rose 3.2% to $190.9 mln, lagging consensus by $1.1 mln.
(-) HTZ, Warns its 2011 annual report may not be reliable and
opens internal audit of its financial documents from the past three
years. Also said Q1 results likely will not meet consensus
estimates on weak car-rental revenue.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.