Toward the end of trading Friday, the Dow traded down 0.21
percent to 16,524.05 while the NASDAQ gained 0.07 percent to
4,130.42. The S&P also fell, dropping 0.07 percent to
Top Headline Topping headlines Friday was the jobs report,
where the unemployment rate dropped to 6.3 percent from 6.7
percent, crushing expectations, while Private Sector Payrolls and
Manufacturing Payrolls beat as well. The news took markets up
sharply before selling off on further turmoil in Ukraine.
Equities Trading UP Constant Contact (NASDAQ:
) was up on Friday's session, gaining 11.06 percent to $29.12
after the company's earnings report and guidance impressed the
Spirit AeroSystems (NYSE:
) was up as well, gaining 6.74 percent to $32.48 as the company
beat strongly on its top and bottom lines before the market
Shares of Wynn Resorts (NASDAQ:
) were up too, gaining 6.49 percent to $220.04 after the company
beat on top and bottom lines, while pleasing the street in its
first quarter conference call.
Equities Trading DOWN Endocyte (NASDAQ:
) lead the way on the downside Friday, plummeting 61.13 percent
to $6.76 after the company received a recommendation to halt its
) shares were also down, falling 32.48 percent to $4.22 as the
company missed on earnings and caught a downgrade from CLSA from
Buy to Underperform.
The Mantowoc Company (NYSE:
) was down as well, dropping 10.13 percent to $29.01 after the
company missed on both top and bottom lines in its first quarter
Commodities In commodity news,
oil traded up 0.35 percent
to $99.77, while gold traded up 1.11 percent to $1,297.40.
Silver traded up 2.30 percent Friday to $19.48, while copper
rose 1.56 percent to $3.07.
Eurozone European markets were moderately higher with the
exception of France's CAC 40, which lost 0.37 percent.
The UK's FTSE was up 0.03 percent and the eurozone's STOXX600
gained 0.01 percent.
Italy's MIB was up 0.44 percent and the Spanish IBEX gained
Economics Private sector payrolls came in at 273K, beating the
expected 215K and the prior revised figure of 203K.
Manufacturing payrolls beat as well, coming in at 12.0K, above
the consensus estimate of 8.0K and the prior figure of 7.0K. This
lead the unemployment level to drop to 6.3 percent, well below
the expected level of 6.6 percent and the prior report of 6.7
Finally, factory orders came in up 1.1 percent, below the
expected gain of 1.5 percent and the prior reading of 1.6
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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