UPDATE: adjusted the closing price on shares of
Midway through trading Friday, the Dow traded up 0.46 percent
to 16,913.27 while the NASDAQ surged 0.51 percent to 4,318.13.
The S&P also rose, gaining 0.39 percent to 1,948.12.
Leading and Lagging Sectors
In trading on Friday, energy shares were relative leaders, up
on the day by about 0.78 percent. Meanwhile, top gainers in the
sector included Petróleo Brasileiro SA (NYSE:
), up 6.86 percent, and Panhandle Oil and Gas (NYSE:
), up 4.62 percent.
Healthcare shares fell by 0.09 percent in trading on Friday.
Top decliners in the sector included Novavax (NASDAQ:
), and Progenics Pharmaceutical (NASDAQ:
On Thursday, VeriFone Systems (NYSE:
) reported better-than-expected second-quarter earnings.
VeriFone posted a quarterly net loss of $23.9 million, or
$0.22 per share, versus a year-ago net loss of $58.4 million, or
$0.54 per share. On an adjusted basis, it earned $0.37 per
Its revenue climbed 9% to $466.4 million. However, analysts
were projecting a profit of $0.32 per share on revenue of $443.4
million. For the current quarter, VeriFone expected revenue of
$455 million to $460 million, versus analysts' estimates of
Equities Trading UP
) benefit positively from news the CEO and CFO each purchased
100,00 shares of the company stock. Shares rose to a high
of $3.86 before returning to close at $3.68, up nearly 10% for
Shares of Angie's List (NASDAQ:
) got a boost, shooting up 12.18 percent to $11.36. Bank of
America upgraded Angie's List from Neutral to Buy.
VeriFone Systems (NYSE:
) shares were also up throughout the day, gaining 8.43 percent to
$36.63 after the company reported better-than-expected
Equities Trading DOWN
Shares of Hertz Global Holdings (NYSE:
) were 8.76 percent to $27.82. Hertz Global said it will amend
10-K to correct errors.
) shares tumbled 8.17 percent to $4.15 after the company priced
25 million shares at $4.00 per share.
Diamond Foods (NASDAQ:
) was down, falling 11.85 percent to $29.35 after the company
reported downbeat fiscal third-quarter earnings. Diamond Foods
posted its adjusted earnings of $0.11 per share on revenue of
$190.9 million. Analysts were projecting earnings of $0.17 per
share on revenue of $191.7 million.
In commodity news, oil traded up 0.24 percent to $102.73,
while gold traded down 0.04 percent to $1,252.80.
Silver traded down 0.36 percent Friday to $19.01, while copper
fell 0.99 percent to $3.06.
European shares were higher today.
The eurozone's STOXX 600 gained 0.62 percent, the Spanish Ibex
Index surged 1.73 percent, while Italy's FTSE MIB Index jumped
Meanwhile, the German DAX rose 0.40 percent and the French CAC
40 climbed 0.71 percent while UK shares gained 0.62 percent.
The US economy added 217,000 jobs in May, while the
unemployment rate remained unchanged at 6.3%. However, economists
were projecting an addition of 215,000 nonfarm jobs.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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