Nearing the final hour of trading on Friday, the Dow traded up
0.17 percent to 16,950.85 while the NASDAQ surged 0.07 percent to
4362.23. The S&P also rose, gaining 0.12 percent to
Leading and Lagging Sectors
Healthcare shares gained 0.81 percent in the US market on
Friday. Top gainers in the sector included Shire plc (NASDAQ:
), StemCells (NASDAQ:
), and Flamel Technologies SA (NASDAQ:
Telecommunications services shares dropped about 0.48 percent
in trading on Friday. Top decliners in the sector included
), down 5.7 percent, and NQ Mobile (NYSE:
), off 3.6 percent.
) reported upbeat results for the first quarter.
CarMax posted its quarterly profit of $169.7 million, or $0.76
per share, versus a year-ago profit of $146.7 million, or $0.64
Its sales climbed to $3.75 billion from $3.31 billion.
However, analysts were expecting earnings of $0.67 per share on
sales of $3.598 billion. Total wholesale unit sales gained
Equities Trading UP
Shire plc (NASDAQ:
) shares shot up 16.84 percent to $223.99 after the company
confirmed the rejection
of Abbvie (NYSE:
Shares of CarMax (NYSE:
) got a boost, shooting up 16.39 percent to $52.70 after the
results for the first quarter. CarMax posted its quarterly profit
of $169.7 million, or $0.76 per share, versus a year-ago profit
of $146.7 million, or $0.64 per share.
) shares were also up, gaining 3.21 percent to $13.50 after the
company lifted its second-quarter outlook.
Equities Trading DOWN
Shares of Smith & Wesson Holding (NASDAQ:
) were 9.38 percent to $15.41 after the company
issued downbeat forecast
for the first quarter and fiscal year.
) shares tumbled 4.14 percent to $40.75 after the company
fiscal fourth-quarter results. Its adjusted earnings came in at
$0.92 per share, missing analysts' estimates of $0.95 per share.
Citigroup downgraded Oracle from Buy to Neutral.
Targa Resources (NYSE:
) was down, falling 5.33 percent to $142.59. On Thursday, Targa
confirmed that it had high level discussions to be
acquired by Energy Transfer
Equity, but the talks have been terminated.
In commodity news, to $106.70, while gold traded up 0.12
percent to $1,315.70.
Silver traded up 1.27 percent Friday to $20.91, while copper
rose 1.35 percent to $3.12.
European shares today.
The eurozone's STOXX 600 declined 0.02 percent, the Spanish
IBEX Index dropped 0.29 percent, while Italy's FTSE MIB Index
fell 1.03 percent.
Meanwhile, the German DAX fell 0.17 percent and the French CAC
40 declined 0.48 percent while UK shares gained 0.25 percent.
On the economics calendar Friday, there is no important data
© 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.