Following the market opening Friday, the Dow traded down 0.16
percent to 16,818.99 while the NASDAQ tumbled 0.03 percent to
4,377.86. The S&P also fell, dropping 0.11 percent to
Leading and Lagging Sectors
In trading on Friday, technology shares were relative leaders,
up on the day by about 0.15 percent. Top gainers in the sector
included Aware (NASDAQ:
), up 15.9 percent, and Progress Software (NASDAQ:
), up 10.5 percent.
Non-cyclical consumer goods & services shares dropped
around 0.20 percent in today's trading. Top decliners in the
sector included K12 (NYSE:
), China Nepstar Chain Drugstore (NYSE:
), and Du Pont (NYSE:
Finish Line (NASDAQ:
fiscal first-quarter earnings.
Finish Line's quarterly profit surged to $12.4 million, or
$0.25 per share, versus a year-ago profit of $5.1 million, or
$0.10 per share. Excluding certain items, it earned $0.28 per
Its sales climbed 16% to $406.5 million. However, analysts
were projecting earnings of $0.21 per share on sales of $394
Equities Trading UP
Progress Software (NASDAQ:
) shares shot up 10.34 percent to $24.54 after the company
reported stronger-than-expected fiscal second-quarter earnings
and issued an upbeat outlook.
Shares of Nike (NYSE:
) got a boost, shooting up 2.76 percent to $78.98 after the
company reported better-than-expected
earnings. Nike posted its quarterly earnings of $0.78 per share
on revenue of $7.43 billion. However, analysts were expecting a
profit of $0.75 per share on revenue of $7.34 billion.
The Manitowoc Company (NYSE:
) shares were also up, gaining 9.22 percent to $32.45 after
Relational Investors bought an 8.5% stake in the company and
urged for splitting it in two. Jefferies upgraded Manitowoc from
Underperform to Hold and raised the price target from $24.00 to
Equities Trading DOWN
Shares of AmSurg (NASDAQ:
) were 2.07 percent to $44.85 after the company priced 8.5
million share offering at $45.00 per share. Baird upgraded Amsurg
from Neutral to Outperform and raised the price target from
$44.00 to $55.00.
E. I. du Pont de Nemours and Company (NYSE:
) shares tumbled 2.67 percent to $65.89 after the company cut its
profit guidance for the second-quarter and year.
Dollar General (NYSE:
) was down, falling 4.44 percent to $58.94 after the company's
announced his plans to retire.
In commodity news,
oil traded up 0.12 percent
to $105.97, while gold traded up 0.19 percent to $1,319.50.
Silver traded up 0.09 percent Friday to $21.18, while copper
rose 0.22 percent to $3.18.
were mostly lower
The eurozone's STOXX 600 fell 0.04 percent, the Spanish Ibex
Index dropped 0.31 percent, while Italy's FTSE MIB Index slipped
Meanwhile, the German DAX climbed 0.11 percent and the French
CAC 40 tumbled 0.01 percent while UK shares gained 0.19
The final reading of Reuter's/University of Michigan's
consumer sentiment index surged to 82.5 in June, versus a final
reading of 81.9 in May. However, economists were projecting a
final reading of 81.9.
Data on farm prices for June will be released at 3:00 p.m.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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