Midway through trading Friday, the Dow traded up 0.38 percent
to 16,899.30 while the NASDAQ surged 0.47 percent to 4,316.57.
The S&P also rose, gaining 0.36 percent to 1,947.46.
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 6.8 percent, and Panhandle Oil and Gas (NYSE:
), up 3.9 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:
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
GW Pharmaceuticals plc (NASDAQ:
) shares shot up 7.94 percent to $73.17 following announcement of
FDA Fast Track Designation
Shares of Angie's List (NASDAQ:
) got a boost, shooting up 9.50 percent to $11.06. Bank of
America upgraded Angie's List from Neutral to Buy.
VeriFone Systems (NYSE:
) shares were also up, gaining 7.16 percent to $36.24 after the
company reported better-than-expected second-quarter
Equities Trading DOWN
Shares of Hertz Global Holdings (NYSE:
) were 9.18 percent to $27.69. Hertz Global said it will amend
10-K to correct errors.
) shares tumbled 7.52 percent to $4.18 after the company
priced 25 million
shares at $4.00 per share.
Diamond Foods (NASDAQ:
) was down, falling 11.34 percent to $29.5 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 0.20 percent
to $102.68, while gold traded down 0.04 percent to $1,252.80.
Silver traded down 0.33 percent Friday to $19.02, while copper
fell 1.13 percent to $3.06.
The eurozone's STOXX 600 gained 0.62 percent, the Spanish Ibex
Index surged 1.72 percent, while Italy's FTSE MIB Index jumped
Meanwhile, the German DAX rose 0.40 percent and the French CAC
40 climbed 0.65 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.
Data on consumer credit for April will be released at 3:00
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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