Midway through trading Friday, the Dow traded up 0.24 percent
to 16,171.28 while the NASDAQ surged 0.31 percent to 4,280.97.
The S&P also rose, gaining 0.28 percent to 1,844.86.
Leading and Lagging Sectors In trading on Friday, healthcare
shares were relative leaders, up on the day by about 0.65
percent. Meanwhile, top gainers in energy sector included
), with shares up 36 percent, and Isis Pharmaceuticals (NASDAQ:
), with shares up around 17 percent. Energy sector was the
leading decliner in the US market today. Energy shares fell
around 0.08 percent in today's trading. Among the energy stocks,
Endeavour International (NYSE:
) was down more than 12 percent, while Cabot Oil & Gas (NYSE:
) tumbled around 7 percent.
Top Headline After the closing bell Thursday, Groupon (NASDAQ:
) projected a
for the first quarter. For the first quarter, Groupon expected an
adjusted loss of $0.02 to $0.04 per share on revenue of $710 to
$760 million. However, analysts were projecting a profit of $0.06
per share on revenue of $668.7 million. Groupon posted a
quarterly net loss of $81.2 million, versus a year-ago loss of
$81.1 million. On a per share basis, it lost $0.12 per share.
Excluding items, Groupon earned $0.04 per share. Its revenue
climbed to $768.4 million. However, analysts projected earnings
of $0.02 per share on revenue of $718 million.
Equities Trading UP Emeritus (NYSE:
) shot up 36.77 percent to $29.35 after the company and Brookdale
Senior Living (NYSE:
) signed a definitive merger agreement.
Shares of CommScope Holding Company (NASDAQ:
) got a boost, shooting up 20.56 percent to $22.87 after the
company reported Q4 results. Analysts at Jefferies upgraded the
stock from Hold to Buy and lifted the price target from $17.50 to
Isis Pharmaceuticals (NASDAQ:
) was also up, gaining 17.92 percent to $60.22 on
Rx data in children with SMA. Equities Trading DOWN Shares of
Fleetmatics Group PLC (NYSE:
) were down 11.95 percent to $35.17 after the company issued a
weak profit forecast.
) shares tumbled 17.74 percent to $8.46 after the company
projected a surprise quarterly loss.
Acacia Research (NASDAQ:
) was down, falling 9.46 percent to $13.49 on
weaker-than-expected Q4 results.
Commodities In commodity news, oil traded down 0.57 percent to
$102.16, while gold traded up 0.27 percent to $1,320.40.
Silver traded up 0.03 percent Friday to $21.69, while copper
fell 0.08 percent to $3.26.
Eurozone European shares were mostly higher today.
The Spanish Ibex Index rose 0.09 percent, while Italy's FTSE
MIB Index declined 0.30 percent.
Meanwhile, the German DAX climbed 0.40 percent and the French
CAC 40 climbed 0.59 percent while U.K. shares gained 0.37
percent. Economics Sales of existing homes declined 5.1% to an
annual rate of 4.62 million in January, according to the National
Association of Realtors. However, economists were projecting a
rate of 4.67 million.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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