Midway through trading Friday, the Dow traded down 0.11
percent to 13,957.18 while the NASDAQ fell 0.11 percent to
3,195.18. The S&P also fell, decreasing 0.17 percent to
Index Technicals: For technicals on the major indices today,
the S&P looks poised to bounce off its 1515 support and head
to 1524 highs.
The NASDAQ looks set to breakout over its September 12th highs
The Dow looks ready to test 14030 highs while holding 13940
The RUT looks to be making new highs over 925.
Top Headline Making headlines this morning was Carl Icahn's
declaration of a 13 percent stake in Herbalife (NYSE:
) last night. Following the news, shares shot up nearly 26
percent, and have since settled, remaining up about 18
Carl Icahn spoke on CNBC about his stake, defending his
thesis, and frequently making attacks on short seller Bill
Who is right?
Cast your vote here!
Equities Trading UP Qlik Technologies (NASDAQ:
) traded up 17.40 percent to $26.72 after some solid
fourth-quarter results following the close Thursday.
Shares of (
) shot up 42.56 percent to $22.81 in its first day of trading
this morning, marking another successful initial public offering
) shot up 10.20 percent to $34.91 after Nelson Peltz's fund Trian
announced its stake in the company after the close Thursday.
Equities Trading DOWN LogMeIn (NASDAQ:
) plummeted 28.74 percent to $16.86 after the company beat on
earnings but released some very poor guidance Thursday.
On Assignment (NYSE:
) traded down 10.42 percent to $22.09 following its earnings
report after the close Thursday.
Shares IPG Photonics (NASDAQ:
) were also down, falling 10.65 percent to $62.08 after its
fourth-quarter results disappointed traders Friday morning.
Commodities In commodity news, oil traded down 1.85 percent to
$95.51, while gold traded down 1.64 percent to $1,608.40.
Silver traded up 0.47 percent Friday to $29.89.
Eurozone In the eurozone this morning markets were roughly
flat ahead of the official G20 statement. The Spanish Ibex was
down 0.02 percent, while on the upside the French CAC was up 0.34
Economics In economic news this morning, industrial production
came in at -0.10 percent, missing projections of 0.20 percent and
the prior release of 0.30 percent.
Capacity utilization rate was also released, coming in at
79.10 percent, slightly above estimates of 78.90 percent and the
previous figure of 78.80 percent.
The New York empire state manufacturing index came in at
10.040, crushing estimates of -2.0 and the prior release of
Total net TIC flows come in at 25.20 billion, falling below
the prior figure of 27.80 billion, while net long-term TIC flows
were reported at 64.20 billion, crushing the estimates of 35.0
billion and beating the prior figure of 52.30 billion.
The University of Michigan consumer confidence reading came in
76.30, beating consensus estimates of 74.80 and the prior figure
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