Midway through trading Friday, the Dow traded down 0.48
percent to 15,255.45 while the NASDAQ declined 0.01 percent to
3,787.13. The S&P also fell, dropping 0.36 percent to
Top Headline BlackBerry (NASDAQ:
) reported a
wider fiscal second-quarter
BlackBerry posted a quarterly loss of $965 million, or $1.84
per share, versus a year-ago loss of $229 million, or $0.44 per
share. Its adjusted net loss from continuing operations came in
at $0.47 per share.
Its revenue dropped 45% to $1.6 billion from $2.9 billion.
However, analysts were expecting a loss of $0.49 per share on
revenue of $1.61 billion.
Equities Trading UP RDA Microelectronics (NASDAQ:
) shot up 8.79 percent to $15.10 after the company received a
Shares of Finish Line (NASDAQ:
) got a boost, shooting up 7.86 percent to $23.90 after the
company reported a
in its fiscal second-quarter earnings.
) was also up, gaining 4.97 percent to $73.83 after the company
fiscal first-quarter results.
Equities Trading DOWN Shares of Nektar Therapeutics (NASDAQ:
) were down 23.25 percent to $10.63 after the company reported
results from Phase 2 trial
of NKTR-181 missed primary efficacy endpoint.
Zoltek Companies (NASDAQ:
) shares tumbled 10.05 percent to $16.65 after after Toray
Industries for $16.75 per share. Dougherty & Company
downgraded the stock from Neutral to Sell.
J. C. Penney Company (NYSE:
) was down, falling 8.64 percent to $9.52 after the company
public offering of 84.0 million shares of its common stock at
$9.65 per share.
Commodities In commodity news, to $102.87, while gold traded
up 1.03 percent to $1,337.80.
Silver traded up 0.34 percent Friday to $21.84, while copper
rose 0.57 percent to $3.33.
Eurozone European shares today. The Spanish Ibex Index dropped
0.47 percent, while Italy's FTSE MIB Index fell 1.27 percent.
Meanwhile, the German DAX dropped 0.03 percent and the French CAC
40 fell 0.01 percent while U.K. shares declined 0.81 percent.
Economics Consumer spending rose 0.3% in August, matching
economists' expectations for a 0.3% rise. Personal income
increased 0.4% last month, versus economists' estimates of a 0.4%
The Reuter's/University of Michigan's consumer sentiment index
declined to a final reading of 77.5 in September, from 82.1 in
August. However, economists were estimating a final reading of
Data on farm prices for September will be released at 3:00
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advice. All rights reserved.
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