Following the market opening Friday, the Dow traded down 0.14
percent to 17,046.18 while the NASDAQ declined 0.03 percent to
4,560.89. The S&P also fell, dropping 0.07 percent to
Leading and Lagging Sectors
Technology shares rose 0.14 percent in today's trading. Top
gainers in the sector included IntraLinks Holdings (NYSE:
), up 7 percent, and Verint Systems (NASDAQ:
), up 8 percent.
In trading on Friday, healthcare shares were relative
laggards, down on the day by about 0.43 percent. Top decliners in
the sector included Achillion Pharmaceuticals (NASDAQ:
), Gilead Sciences (NASDAQ:
), LHC Group (NASDAQ:
On Thursday, Zumiez (NASDAQ:
) issued a weak third-quarter forecast. However, the company
reported better-than-expected second-quarter earnings.
Zumiez reported its Q2 earnings of $0.26 per share, beating
analysts' estimates of $0.23 per share. The company expected Q3
earnings of $0.49 to $0.52 per share, versus analysts'
expectations of $0.54 per share.
Equities Trading UP
) shares shot up 10.75 percent to $15.04 after the company
reported upbeat results for the fiscal fourth quarter.
Shares of Ambarella (NASDAQ:
) got a boost, shooting up 7.16 percent to $38.33 on upbeat
El Pollo Loco Holdings (NASDAQ:
) shares were also up, gaining 3.05 percent to $35.85 after the
company reported stronger-than-expected fiscal second-quarter
Equities Trading DOWN
Shares of Zumiez (NASDAQ:
) were down 12.33 percent to $28.42 after the company issued a
weak third-quarter earnings forecast. However, the company
reported better-than-expected second-quarter earnings. Analysts
at Piper Jaffray downgraded Zumiez from Overweight to
The Gap (NYSE:
) shares tumbled 4.66 percent to $44.42 after the company posted
a 2% drop in August same-store sales, versus analysts'
expectations for a 1.6% gain.
Michael Kors Holdings (NYSE:
) was down, falling 5.21 percent to $75.80 after the company
priced 11.6 million shares at $76.75 per share.
In commodity news,
oil traded down 0.33 percent
to $94.14, while gold traded up 0.31 percent to $1,270.40.
Silver traded up 0.01 percent Friday to $19.14, while copper
fell 0.13 percent to $3.15.
today. The eurozone's STOXX 600 fell 0.44 percent, the Spanish
Ibex Index surged 0.48 percent, while Italy's FTSE MIB Index
gained 0.02 percent. Meanwhile, the German DAX rose 0.40 percent
and the French CAC 40 surged 0.04 percent while UK shares dropped
The US economy added 142,000 jobs in August, while the
unemployment rate declined to 6.1% in the month. However,
economists were projecting an addition of 228,000 nonfarm
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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