Toward the end of trading Friday, the Dow traded down 0.77
percent to 15,516.25 while the NASDAQ declined 0.22 percent to
3,781.93. The S&P also fell, dropping 0.57 percent to
Top Headline Right at the 3 o'clock hour, BlackBerry (NASDAQ:
) shares were halted pending news. The release was preliminary
results from its second quarter, announcing it would cut 4500
jobs and a preliminary Q2 operating loss of over a billion
dollars. The company also announced its sales were $1.6 billion,
well below street estimates of $3.06 billion.
Equities Trading UP Sarepta Therapeutics (NASDAQ:
) shot up 22.22 percent to $44.76 on failure of GlaxoSmithKline,
Prosensa duchenne muscular dystrophy treatment.
Shares of Rocket Fuel (NASDAQ:
) lived up to their name Friday, as the company posted a wildly
successful IPO. After shares priced at $29, they opened for trade
at $59.95, stunning the street.
) was also up, gaining 13.94 percent to $68.73 after the company
priced 4.6 million share
follow on offering of common stock at $60.00 per share.
Equities Trading DOWN Shares of AK Steel Holding (NYSE:
) were down 7.55 percent to $4.11 after the company projected a
wider loss for the third quarter.
Darden Restaurants (NYSE:
) shares tumbled 6.45 percent to $46.12 after the company
reported a drop in its first-quarter profit.
Eldorado Gold (NYSE:
) was also down, falling 8.20 percent to $6.94 as gold took a hit
Commodities In commodity news,
oil traded down 0.89 percent
to $104.92, while gold traded down 2.69 percent to $1,332.10.
Silver traded down 5.48 percent Friday to $21.81, while copper
fell 1.31 percent to $3.30.
Eurozone European shares
today. The Spanish Ibex Index gained 0.20 percent, while Italy's
FTSE MIB Index fell 0.49 percent. Meanwhile, the German DAX
dropped 0.21 percent and the French CAC 40 fell 0.06 percent
while U.K. shares declined 0.44 percent.
Economics On the economics calendar Friday, there is no
important data due out.
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