Toward the end of trading Friday, the Dow traded down 0.21
percent to 13,143.19 while the NASDAQ fell 0.72 percent to
2,970.19. The S&P also fell, decreasing 0.26 percent to
Best Buy shares took a beating in early trading Friday, falling
over 13 percent after the company announced an amended
cooperation deal with Schulze, and said a bid would be delivered
between February 1 and February 28.
Equities Trading UP
AVG Technologies (NYSE:
) gained 8.31 percent to $15.25 midway through trading Friday
after the company announced a partnership with Yahoo! Thursday
United States Steel (NYSE:
) was also up, gaining 6.49 percent to $23.78 after a rumor
resurfaced that ArcelorMittal may have interest in acquiring the
NII Holdings (NASDAQ:
) rose as well, trading up 6.21 percent to $6.33 after the
announcement that its CEO was stepping down.
Equities Trading DOWN
) traded down 13.88 percent to $3.51 following a poor
fourth-quarter earnings report.
VeriFone Systems (NYSE:
) was also down, falling 10.89 percent to $29.61 after posting a
poor earnings report after the close Thursday.
) traded down as well, losing 8.91 percent as it fell to $40.96
after it lowered its fiscal year 2012 guidance.
In commodity news, oil traded up 0.98 percent to $86.73, while
gold traded up 0.06 percent to $1,696.90.
Silver traded up 0.02 percent Thursday to $32.30.
European markets were mixed this morning, with most markets
falling aside from those in the U.K. and France.
In Euro zone news, Germany's Angela Merkel denied a French
proposal for increased risk-sharing between European nations.
While leaders pledged to continue talks, Merkel came out this
morning in a press conference saying the risk fund needed to be
far more restrained.
Friday morning was another big day for economic releases, with
Core CPI year over year coming in at 2.0 percent, in line with
estimates and the prior report, while core CPI month over month
came in at 0.2 percent, again matching estimates and the prior
CPI year over year was reported at 1.8 percent, slightly lower
than the projected 1.9 percent and the prior release of 2.2
percent, while CPI month over month came in at -0.3 percent,
again slightly below consensus and the prior release.
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