Midway through trading Friday, the Dow traded down 0.14
percent to 17,016.25 while the NASDAQ surged 0.16 percent to
4,539.41. The S&P also fell, dropping 0.14 percent to
Leading and Lagging Sectors
Technology shares gained 0.14 percent in trading on Friday.
Leading the sector was strength from Salesforce.com (NYSE:
) and Himax Technologies (NASDAQ:
). In trading on Friday, basic materials shares were relative
laggards, down on the day by about 0.77 percent.
Meanwhile, top decliners in the sector included Companhia
Siderurgica Nacional (NYSE:
), down 3 percent, and Cliffs Natural Resources (NYSE:
), off 3.2 percent.
Foot Locker (NYSE:
fiscal second-quarter results. The New York-based company
posted a quarterly profit of $92 million, or $0.63 per share,
versus a year-ago profit of $66 million, or $0.44 per share.
Excluding non-recurring items, Foot Locker's adjusted earnings
came in at $0.64 per share.
Its sales climbed 13% to $1.64 billion. Excluding the effect
of foreign currency fluctuations, Foot Locker's sales surged
11.7%. However, analysts were expecting earnings of $0.54 per
share on revenue of $1.57 billion. Foot Locker's same-store sales
surged 7% in the quarter. Equities Trading UP
) shares shot up 7.62 percent to $31.99 after the company
announced its plans to acquire assets from Duke Energy (NYSE:
) and Energy Capital Partners for a total consideration of $6.25
Shares of The Fresh Market (NASDAQ:
) got a boost, shooting up 7.62 percent to $32.75 after the
company reported better-than-expected Q2 earnings. Analysts at
BB&T Capital upgraded Fresh Market from Hold to Buy.
) shares were also up, gaining 5.95 percent to $42.90 after the
company reported upbeat results for its fiscal
Equities Trading DOWN
Shares of Aeropostale (NYSE:
) were down 10.23 percent to $3.51 after the company issued a
downbeat third-quarter outlook. However, the company reported
stronger-than-expected second-quarter results.
) shares tumbled 3.41 percent to $37.49 after the company
reported upbeat profit for its fiscal second quarter and lowered
its FY15 revenue outlook.
Deere & Company (NYSE:
) was down, falling 1.59 percent to $84.84 after the company
announced its plans to lay off around 460 Waterloo, Iowa
employees. Macquarie downgraded Deere & Company from Neutral
to Underperform and lowered the price target from $85.00 to
In commodity news,
oil traded down 0.95 percent
to $93.07, while gold traded up 0.43 percent to $1,280.90.
Silver traded up 0.07 percent Friday to $19.50, while copper
rose 0.92 percent to $3.22.
today. The eurozone's STOXX 600 slipped 0.23 percent, the Spanish
Ibex Index fell 0.53 percent, while Italy's FTSE MIB Index
declined 0.46 percent. Meanwhile, the German DAX fell 0.60
percent and the French CAC 40 declined 0.92 percent while UK
shares dropped 0.04 percent.
On the economics calendar Friday, there is no important data
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