Major indexes closed down Friday, ending the four day trading
week with a loss.
Markets were especially volatile Friday, recording losses
after the Dow was up approximately 80 points earlier in the
Major Indexes The Dow Jones Industrial Average fell 208.96
points, or 1.36 percent, to 15,115.57 points.
The S&P recorded a 23.67 point loss to close at
The Nasdaq fell points 35.39, or 1.01 percent to close at
Commodities Oil prices are down slightly today after OPEC kept
their oil production target the same. The price of crude is
$93.60 heading into the closing bell after dipping below $93
earlier in the day.
Precious metals fell sharply today. Gold is down over two
percent, or $28.50 to $1,385.59 per ounce. Similarly, silver fell
2.76 percent to $22.19.
Wheat and corn traded up 0.97 percent and 0.80 percent,
respectively. Cocoa and cotton both recorded losses on the
Bonds Bonds fell sharply mid afternoon, but recovered near the
end of the day. iShares Barclays 20+ Yr Treasury Bond (NYSE:
) fell over 1.5 percent during the day, but recovered to just a
0.3 percent loss for the day. This drop pushed bond yields higher
for the day.
The five year note added four basis points to 1.04 percent
with the ten and thirty year notes each adding two basis
Currencies The United States Dollar traded stronger against
almost all major currencies, including at 0.41 percent gain on
the Euro. A PowerShares index (NYSE:
) that tracks the dollar versus a basket of other currencies rose
Stock MoversOmniVision Technologies (NASDAQ:
) shot up, gaining 19.24 percent and are gaining in after hours
trading to $18.50 over a positive earnings report.Krispy Kreme
) was also up 21.46 percent to $17.32 on upbeat Q1 results.Palo
Alto Networks (NYSE:
) was down, falling 10.79 percent to $48.55, after the company
reported weak quarterly revenue.Pall (NYSE:
) shares tumbled 5.08 percent to $68.20 after the company issued
weak FY13 earnings forecast.
(c) 2013 Benzinga.com. Benzinga does not provide investment
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