Midway through trading Friday, the Dow traded up 0.21 percent
to 16,142.80 while the NASDAQ surged 0.20 percent to 4,268.71.
The S&P also rose, gaining 0.19 percent to 1,849.80.
Leading and Lagging Sectors Utilities stocks gained Friday,
with Korea Electric Power (NYSE:
) leading advancers. Meanwhile, gainers in the sector included
Huaneng Power International (NYSE:
), with shares up 2.1 percent, and Pampa Energia SA (NYSE:
), with shares up 2.5 percent.
Financial sector was the leading decliner in the US market
today. Top losers in the sector included GSV Capital (NASDAQ:
), off 9.3 percent, and Cninsure (NASDAQ:
), down around 6.6 percent.
Top Headline Ann (NYSE:
) reported a rise in its
and issued a downbeat forecast for the year. The company also
announced its plans to lower about 100 jobs. Ann's quarterly
earnings surged to $4.7 million, or $0.10 per share, from $2.4
million, or $0.05 per share, in the year-ago period. Its revenue
climbed 3% to $623.3 million versus $607.7 million. However,
analysts were estimating earnings of $0.07 per share on revenue
of $624 million.
Equities Trading UP Ulta Salon, Cosmetics & Fragrance
) shares shot up 7.31 percent to $96.05 after the company
fourth-quarter earnings. Ulta Salon posted its quarterly earnings
of $1.09 per share, beating analysts' estimates of $1.07 per
Shares of Ebix (NASDAQ:
) got a boost, shooting up 4.42 percent to $17.00 after the
company reported better-than-expected Q4 earnings.
Liberty Media (NASDAQ:
) was also up, gaining 7.06 percent to $135.04 after the company
dropped its bid to buy SiriusXM (NASDAQ:
). The company will reclassify common stock to create two
Equities Trading DOWN Shares of Aeropostale (NYSE:
) were down 14.73 percent to $6.23 after the company posted a
fourth-quarter loss and signed a deal with Sycamore Partners for
a 5% stake. The company issued weak forecast for the first
quarter and also announced its plans to close 50 Aeropostale
stores and 2 P.S. stores.
) shares tumbled 9.85 percent to $9.15 after the company priced 8
million shares at $9.25 per share.
Raptor Pharmaceuticals (NASDAQ:
) was down, falling 20.45 percent to $11.77 after the company
reported Q4 results. Raptor Pharmaceutical posted a Q4 loss of
$0.20 per share, versus the projected loss of $0.16 per
Commodities In commodity news,
oil traded up 0.63 percent
to $98.82, while gold traded up 0.76 percent to $1,382.80.
Silver traded up 1.92 percent Friday to $21.61, while copper
rose 0.75 percent to $2.95.
Eurozone European shares
The Spanish Ibex Index fell 2.17 percent, while Italy's FTSE
MIB Index declined 1.71 percent.
Meanwhile, the German DAX dropped 0.41 percent and the French
CAC 40 declined 1.17 percent while U.K. shares fell 0.60
Economics US wholesale prices declined 0.1% in February, while
core wholesale prices increased 0.1% in the month. However,
economists were expecting a 0.2% gain in wholesale prices.
The preliminary reading of the Reuter's/University of
Michigan's consumer sentiment index fell to 79.90 in March,
versus a prior reading of 81.60. However, economists were
expecting a reading of 82.00.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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