Midway through trading Friday, the Dow traded up 0.60 percent
to 15,721.87 while the NASDAQ surged 1.24 percent to 4,107.59.
The S&P also rose, gaining 0.82 percent to 1,787.90.
Top Headline On Thursday, LinkedIn (NYSE:
results. However, the company issued a weak forecast. LinkedIn
expected Q1 revenue of $455 million to $460 million, versus
analysts' estimates of $471 million. LinkedIn posted its Q4
adjusted earnings of $0.39 per share on revenue of $447.2
million. However, analysts were expecting earnings of $0.38 per
share on revenue of $438 million.
Equities Trading UP
) shot up 26.45 percent to $175.87 after the company reported
better-than-expected Q4 results.
Shares of Aaron's (NYSE:
) got a boost, shooting up 10.98 percent to $30.02 on upbeat Q4
) was also up, gaining 13.37 percent to $73.85 after the company
reported stronger-than-expected fourth-quarter results.
Equities Trading DOWN Shares of Genpact (NYSE:
) were down 17.82 percent to $14.16 after the company issued a
downbeat FY14 revenue forecast.
) shares tumbled 6.58 percent to $208.75 after the company issued
a weak guidance. Bank of America cut the price target on LinkedIn
from $240.00 to $232.00.
) was down, falling 6.13 percent to $52.02 after the company
reported Q4 results.
Commodities In commodity news, oil traded up 0.62 percent to
$98.45, while gold traded up 0.40 percent to $1,262.20.
Silver traded up 0.04 percent Friday to $19.94, while copper
rose 0.34 percent to $3.24.
Eurozone European shares were higher today.
The Spanish Ibex Index rose 1.08 percent, while Italy's FTSE
MIB Index gained 0.96 percent.
Meanwhile, the German DAX climbed 0.49 percent and the French
CAC 40 gained 0.96 percent while U.K. shares rose 0.20
Economics The U.S. economy added 113,000 jobs in January,
while the unemployment rate declined to 6.6% versus 6.7%.
However, economists were projecting an addition of 180,000
Data on consumer credit for December will be released at 3:00
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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