Midway through trading Friday, the Dow traded up 0.13 percent
to 15,528.89 while the NASDAQ surged 0.06 percent to 3,931.43.
The S&P also rose, gaining 0.09 percent to 1,753.61.
Top Headline Procter & Gamble Co (NYSE:
) reported a
7.6 percent rise
in its fiscal first-quarter earnings. P&G's quarterly profit
surged to $3.03 billion, or $1.04 per share, from $2.81 billion,
or $0.96 per share, in the year-ago period. Excluding special
items, its core earnings declined to $1.05 per share from $1.06
per share. Its sales rose 2.2 percent to $21.21 billion. However,
analysts were expecting earnings of $1.05 per share on sales of
Equities Trading UP Zynga (NASDAQ:
) shot up 10.33 percent to $3.90 after the company posted a
Shares of Microsoft (NASDAQ:
) got a boost, shooting up 5.50 percent to $35.58 on
fiscal first-quarter results.
Callaway Golf Co (NYSE:
) was also up, gaining 17.62 percent to $8.54 after the company
reported a narrower third-quarter loss and lifted its 2013
forecast. DA Davidson upgraded the stock from Neutral to Buy and
lifted the price target from $7.50 to $11.00.
Equities Trading DOWN Shares of Qlik Technologies (NASDAQ:
) were down 18.43 percent to $27.31 after the company reported
downbeat Q3 revenue and lowered its full-year view.
) shares tumbled 12.45 percent to $49.30 after the company
reported weaker-than-expected Q1 results. Synaptics (NASDAQ:
) was down, falling 13.71 percent to $45.77 after the company
issued a downbeat Q2 revenue outlook.
Commodities In commodity news,
oil traded up 0.62 percent
to $97.71, while gold traded down 0.27 percent to $1,346.70.
Silver traded down 1.32 percent Friday to $22.52, while copper
rose 0.06 percent to $3.27.
Euro zone European shares
were mostly lower
today. The Spanish Ibex Index fell 1.01 percent, while Italy's
FTSE MIB Index tumbled 1.45 percent. Meanwhile, the German DAX
climbed 0.06 percent and the French CAC 40 fell 0.08 percent
while U.K. shares gained 0.12 percent.
Economics US durable-goods orders rose 3.7 percent in
September, versus economists' expectations for a 2.3 percent
gain. However, core durable-goods orders fell 0.1 percent in the
The final reading of the Reuter's/University of Michigan's
consumer sentiment index declined to 73.2 in October, versus a
final reading of 77.5 in September. However, economists were
projecting a final reading of 75.0. US wholesale inventories rose
0.50 percent in August, versus economists' expectations for a
0.30 percent gain.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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