Toward the end of trading Friday, the Dow traded down 0.82
percent to 16,435.78 while the NASDAQ declined 2.37 percent to
4,137.45. The S&P also fell, dropping 1.09 percent to
Leading and Lagging Sectors Utilities sector gained 1.12
percent, with Companhia Paranaense de Energia (NYSE:
) moving up 4.3 percent to gain the top spot. Among leading
sector stocks, gains came from Companhia de Saneamento Basico do
Estado de Sao Paulo (NYSE:
), CPFL Energia SA (NYSE:
) and Companhia Energética de Minas Gerais SA (NYSE:
Technology sector was the leading decliner in the US market
today. Top losers in the sector included Constant Contact
), off 8.1 percent, and Ku6 Media Co (NASDAQ:
), down 9.1 percent.
Top Headline CarMax (NYSE:
fiscal fourth-quarter results and increased its share-buyback
plan by $1 billion. CarMax's quarterly profit fell to $99.2
million, or $0.44 per share, versus a year-ago profit of $107.2
million, or $0.46 per share. Its revenue climbed 8.8% to $3.08
billion. However, analysts were expecting earnings of $0.53 per
share on revenue of $3.12 billion.
Equities Trading UP SYNNEX (NYSE:
) shares shot up 22.86 percent to $76.69 after the company
reported better-than-expected fiscal first-quarter results and
issued a strong forecast for the fiscal second quarter. For the
current quarter, Synnex expected earnings of $1.34 to $1.38 per
share on revenue of $3.1 billion to $3.2 billion.
Shares of Mylan (NASDAQ:
) got a boost, shooting up 2.49 percent to $51.10 on reports of
interest in Sweden's Meda.
IMS Health Holdings (NYSE:
) shares were also up, gaining 17.40 percent to $23.45 in their
debut on the NYSE.
Equities Trading DOWN Shares of Halozyme Therapeutics (NASDAQ:
) were down 25.40 percent to $8.65 after the company announced
of Phase 2 trial enrollment.
Kandi Technologies (NASDAQ:
) was also down, falling 10.36 percent to $14.10 after the
company's shares took the drop in the NASDAQ particularly harshly
on Friday's session.
) was down, falling 8.32 percent to $20.34. E*TRADE has replaced
the talking baby with Kevin Spacey, according to Bloomberg.
Commodities In commodity news,
oil traded up 0.80 percent
to $101.09, while gold traded up 1.44 percent to $1,302.80.
Silver traded up 0.51 percent Friday to $19.95, while copper
fell 0.30 percent to $3.01.
Eurozone European shares
The Spanish Ibex Index rose 0.88 percent, while Italy's FTSE
MIB Index climbed 0.83 percent.
Meanwhile, the German DAX surged 0.70 percent and the French
CAC 40 jumped 0.79 percent while U.K. shares gained 0.59
Economics The US economy added 192,000 jobs in March, while
the unemployment rate remained steady at 6.7%. However,
economists were estimating an addition of 200,000 nonfarm jobs in
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