The U.S. stock market was largely lower on Friday, although
the S&P 500 finished in positive territory. Losses from
), Google (NASDAQ:
), and other tech companies weighed on the Nasdaq during the day.
It was another low volume, quiet trading session to end the week,
despite a myriad of earnings reports released on Thursday after
the close and prior to Friday's opening bell.
The Dow Jones Industrial Average fell a little less than 5
points, or 0.03 percent, to 15,544.
The S&P 500 gained around 3 points, or 0.16 percent, to
The Nasdaq lost 24 points, or 0.66 percent, to 2,588.
Crude oil prices were mixed on Friday. At last check, NYMEX
crude futures were up 0.29 percent to $108.35. Brent crude
contracts were lower by 0.29 percent to $108.39. Natural gas was
last trading down 0.58 percent to $3.79.
Precious metals rose moderately on Friday. Near the close of
equities, COMEX gold futures were up 0.82 percent to $1,296.
Silver contracts were last trading up 0.55 percent to $19.50.
Copper added around $3.1456.
The grains complex was largely higher on the session.
Approaching the closing bell, corn was unchanged while wheat
futures were up 0.61 percent. Movers in soft commodities included
coffee and cotton. Coffee futures fell almost 4 percent on the
day while cotton was up 1.57 percent.
Treasury prices rose strongly on the day. The iShares Barclays
20+ Year Treasury Bond ETF (NYSE:
) climbed 1.58 percent to $109.20. Yields fell as prices rose on
Yields were as follows on Friday afternoon: The 2-Year Note
was yielding 0.30 percent. The 5-Year Note was yielding 1.30
percent. The 10-Year Note and 30-Year Bond were yielding 2.48
percent and 3.56 percent at last check.
The U.S. Dollar traded down modestly on Friday. Late in the
day, the PowerShares DB US Dollar Index Bullish ETF (NYSE:
), which tracks the performance of the greenback versus a basket
of foreign currencies, was down 0.27 percent to $22.36.
The closely watched EUR/USD was last trading up 0.25 percent
to $1.3135. Other movers included the GBP/USD, which climbed 0.29
percent, and the AUD/USD, which added 0.31 percent.
Volatility and Volume
The VIX plunged on the session despite losses for the Dow and
Nasdaq. Late in the afternoon, the VIX was down around 9 percent
Volume was light on the day. Around 98 million SPDR S&P
500 ETF (NYSE:
) shares traded hands compared to a 3-month daily average of 138
Cubist Pharmaceuticals (NASDAQ:
) added a little better than 9 percent on the day after the
company reported its second-quarter earnings results.
Shanda Games (NASDAQ:
) added another 9 percent on the session. The stock also rose
sharply on Thursday after the company's game "Million Arthur"
became the third-best selling title in Apple's app store in
) rose a little less than 9 percent after the company named a new
) rose more than 8 percent on the day after the company released
its quarterly earnings results.
Advanced Micro Devices (NYSE:
) fell more than 13 percent after the company's fiscal Q2
) fell more than 11 percent on Friday after the company released
disappointing Q4 results.
Acacia Research (NASDAQ:
) fell 11 percent on the day after the company reported a wider
Community Health Systems (NYSE:
) lost 9 percent on Friday after issuing a profit warning for the
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