Midway through trading Friday, the Dow traded down 1.18
percent to 16,006.33 while the NASDAQ tumbled 1.61 percent to
4,150.91. The S&P also fell, dropping 1.37 percent to
Top Headline Procter & Gamble Co (NYSE:
) reported a
second-quarter net profit.
Procter & Gamble's quarterly profit declined to $3.43
billion, or $1.18 per share, from a year-ago profit of $4.06
billion, or $1.39 per share. Its core earnings fell to $1.21 per
Its sales came in at $22.28 billion versus $22.18 billion.
However, analysts were projecting earnings of $1.20 per share on
sales of $22.36 billion.
Equities Trading UP Juniper Networks (NYSE:
) shot up 7.77 percent to $28.03 after the company reported
better-than-expected fourth-quarter results. Barclays
upgraded the stock
from Equalweight to Overweight and lifted the price target from
$29.00 to $34.00.
Shares of Open Text (NASDAQ:
) got a boost, shooting up 11.95 percent to $101.45 after the
company reported upbeat Q2 results and announced a 2-for-1 stock
) was also up, gaining 3.70 percent to $37.39 after the company
fiscal second-quarter results. Credit Suisse raised the price
target on the stock from $40.00 to $42.50.
Equities Trading DOWN Shares of Kansas City Southern (NYSE:
) were down 13.29 percent to $101.69 after the company reported
downbeat Q4 earnings.
International Game Technology (NYSE:
) shares tumbled 12.63 percent to $15.42 after the company
reported weaker-than-expected fiscal first-quarter results.
Sterne Agee downgraded the stock from Buy to Neutral and cut the
price target from $21.50 to $18.00.
First Niagara Financial Group (NASDAQ:
) was down, falling 9.86 percent to $9.32 on Q4 results. The
company issued weak FY14 earnings outlook.
Commodities In commodity news, oil
traded down 0.70 percent
to $96.64, while gold traded up 0.23 percent to $1,265.20.
Silver traded down 0.15 percent Friday to $19.98, while copper
fell 0.29 percent to $3.28.
Eurozone European shares
today. The Spanish Ibex Index declined 3.88 percent, while
Italy's FTSE MIB Index tumbled 2.30 percent. Meanwhile, the
German DAX fell 2.61 percent and the French CAC 40 slipped 2.79
percent while U.K. shares declined 1.71 percent.
Economics On the economics calendar Friday, there is no
important data due out.
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