Toward the end of trading Friday, the Dow traded up 1.08
percent to 15,203.44 while the NASDAQ gained 1.09 percent to
3,461.34. The S&P also rose, surging 0.98 percent to
Top Headline Yesterday, Quiksilver (NYSE:
) posted a loss in the fiscal second quarter.
Quiksilver posted a quarterly loss of $32.4 million, or $0.19
per share, versus a year-ago loss of $5.1 million, or $0.03 per
share. Excluding one-time items, Quiksilver lost $0.12 per
Its revenue declined 7% to $458.7 million. However, analysts
were projecting a profit of $0.04 per share on revenue of $505.4
Equities Trading UP Pilgrim's Pride Corporation (NASDAQ:
) traded up 15.63 percent to $13.39 after Stephens raised the
price target from $13 to $20.
Shares of Thor Industries (NYSE:
) got a boost, shooting up 11.81 percent to $46.11 on upbeat Q3
Vertex Pharma (NASDAQ:
) was also up, gaining 6.54 percent to $83.11 despite there being
little news on the company today.
Equities Trading DOWN TiVo (NASDAQ:
) was down, falling 17.50 percent to $11.31 after the company
announced settlement of patent litigation.
Shares of Iron Mountain (NYSE:
) were down 16.31 percent to $28.82 after the company disclosed
that the IRS is reviewing its REIT request.
) shares tumbled 11.28 percent to $6.80 after the company posted
a loss in the fiscal second quarter.
Commodities In commodity news, oil traded up 0.97 percent to
$95.68, while gold traded down 2.56 percent to $1,379.50.
Silver traded down 4.02 percent Friday to $21.80, while copper
fell 1.34 percent to $3.27.
Eurozone European shares were higher today. The Bundesbank cut
its 2013 and 2014 growth forecasts overnight and now sees 0.3
percent growth in 2013 and 1.5 percent growth in 2014 vs. 0.4
percent and 1.9 percent previously. The Spanish Ibex Index rose
0.63 percent and the Italian FTSE MIB Index gained 0.99 percent.
Meanwhile, the German DAX climbed 2.03 percent and the French CAC
40 rose 1.62 percent while U.K. shares gained 1.02 percent.
Economics The US economy added 175,000 jobs in May. The
country's jobless rate rose to 7.6% from 7.5%. However,
economists were estimating an addition of 164,000 jobs and an
unemployment rate of 7.5% in May. Data on consumer credit for
April will be released at 3:00 p.m. ET.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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