Toward the end of trading Friday, the Dow traded up 0.29
percent to 16,056.02 while the NASDAQ surged 0.52 percent to
3,989.78. The S&P also rose, gaining 0.46 percent to
Foot Locker (NYSE:
) reported a
Foot Locker's quarterly profit surged to $0.70 per share,
versus $0.69 per share, in the year-ago period. However, its
profit declined to $104 million versus $106 million. Excluding
one-time items, it earned $0.68 per share.
Its revenue climbed to $1.62 billion from $1.52 billion.
However, analysts were projecting earnings of $0.66 per share on
revenue of $1.57 billion.
Equities Trading UP Ariad Pharmaceuticals (NASDAQ:
) shot up 34.05 percent to $3.72 after the company announced
positive opinion by EMA on continued availability of Iclusig.
Shares of Splunk (NASDAQ:
) got a boost, shooting up 22.70 percent to $73.50 after the
company reported upbeat results for the third quarter and issued
a strong forecast.
Aruba Networks (NASDAQ:
) was also up, gaining 6.63 percent to $18.34 after the company
reported upbeat Q1 results. Needham upgraded the stock from Hold
Equities Trading DOWN Shares of Nordic American Tankers (NYSE:
) were down 10.08 percent to $7.98 after the company
announced the pricing
of follow-on offering.
The Fresh Market (NASDAQ:
) shares tumbled 18.41 percent to $41.12 after the company
reported downbeat Q3 results and issued a weak profit outlook.
downgraded the stock
from Buy to Neutral and lowered the price target from $59.00 to
) was also down, falling 5.31 percent to $23.90 after Nomura
maintained its reduce rating on the company this morning
following comments from the company's CFO at its analyst day
Thursday that they expect PC sales down in the mid single digits
range for 2014.
Commodities In commodity news,
oil traded down 0.58 percent
to $94.89, while gold traded down 0.06 percent to $1,242.00.
Silver traded down 0.55 percent Friday to $19.86, while copper
rose 0.77 percent to $3.22.
Eurozone European shares
were mostly higher
today. The Spanish Ibex Index rose 0.75 percent, while Italy's
FTSE MIB Index declined 0.11 percent. Meanwhile, the German DAX
gained 0.20 percent and the French CAC 40 surged 0.58 percent
while U.K. shares fell 0.11 percent.
Economics US job openings climbed to 3.91 million in
September, versus 3.84 million in August. However, job openings
increased 8.6% y/y in September.
The Kansas City Fed manufacturing index rose to 7.00 in
November, from a prior reading of 6.00. However, economists were
expecting a reading of 6.00.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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