Following the market opening Friday, the Dow traded up 0.28
percent to 16,760.50 while the NASDAQ surged 0.52 percent to
4,476.34. The S&P also rose, gaining 0.34 percent to
Leading and Lagging Sectors
In trading on Friday, telecommunications services shares were
relative leaders, up on the day by about 0.68 percent. Meanwhile,
top gainers in the sector included China Mobile (NYSE:
), up 3.5 percent, and ARC Group Worldwide (NASDAQ:
), up 2.2 percent.
Cyclical consumer goods & services shares gained by just
0.12 percent in today's trading. Meanwhile, top decliners in the
sector included Biglari Holdings (NYSE:
), down 2.4 percent, and Dillard's (NYSE:
), off 4.1 percent.
On Thursday, J. C. Penney (NYSE:
) reported a
JC Penney reported a quarterly loss of $0.75 per share on
revenue of 2.80 billion, versus analysts' estimates of a $0.93
loss on revenue of 2.79 billion.
The company's same-store sales climbed 6% in the quarter.
Equities Trading UP
Monster Beverage (NASDAQ:
) shares shot up 28.28 percent to $91.91. Coca-Cola Company
) and Monster Beverage announced a long-term strategic
partnership. As part of the deal, Coca-Cola will buy a 16.7%
equity stake in Monster.
Shares of Achillion Pharmaceuticals (NASDAQ:
) got a boost, shooting up 14.11 percent to $9.63 on hepatitis C
) shares were also up, gaining 6.81 percent to $51.08 after the
company reported upbeat quarterly results.
Equities Trading DOWN
Shares of Weibo (NASDAQ:
) were down 6.69 percent to $20.02 on Q2 results.
) shares tumbled 4.31 percent to $65.73 after the company
reported Q2 results. The company reported earnings of $183
million, or $0.95 per share.
) was, falling 4.65 percent to $110.23 after the
company reported weaker-than-expected fiscal second-quarter
In commodity news, <a href="
"> oil traded up 0.37 percent </a> to $95.93, while gold
traded down 1.52 percent to $1,295.70.
Silver traded down 1.59 percent Friday to $19.59,
while copper fell 0.05 percent to $3.11.
European shares <a href="
"> were higher </a> today. The
eurozone's STOXX 600 rose 0.69 percent, while the Spanish Ibex
Index climbed 0.92 percent. Meanwhile, the German DAX rose 0.83
percent and the French CAC 40 surged 0.95 percent while UK shares
gained 0.70 percent.
The Empire State manufacturing index fell to 14.7 in August
from 25.6 in July.
US producer prices rose 0.1% in July.
US industrial production climbed 0.4% in July, versus
economists' expectations for a 0.3% gain.
The preliminary reading of Reuters/University of Michigan's
consumer sentiment index fell to 79.20 in August, versus a prior
reading of 81.80. However, economists were expecting a reading of
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.