Midway through trading Friday, the Dow traded down 0.79
percent to 14,490.91 while the NASDAQ dropped 1.11 percent to
3,189.33. The S&P also fell, declining 0.94 percent to
Index Technicals: The S&P 500 found support at 1,550
yesterday, and opened lower to test the 1,540 level today. The
MACD divergences remain intact.
The Dow looks set to lose its 14,550 support to head lower to
its 14,400 support.
The NASDAQ ended yesterday testing its 3,200 support, while
gapping down lower this morning under its 50 EMA support at
3,193.29 with lower support at 3,100.
Finally, the Russell looks to be gapping down this morning
under its 50 EMA support at 920.08, with lower support at
Top Headline F5 Networks (NASDAQ:
) cut its forecast for the fiscal second quarter. F5 Networks now
projects adjusted earnings of $1.06 to $1.07 per share on revenue
of $350.2 million, versus its prior forecast of $1.21 to $1.24
per share on revenue of $370 million to $380 million.
Equities Trading UP NII Holdings (NASDAQ:
) shot up 16.30 percent to $5.28 after the company agreed to sell
its Peruvian operations for approximately $400 million. Shares of
Millennial Media (NYSE:
) got a boost, shooting up 6.44 percent to $6.45 after the
company closed its acquisition of Metaresolver. Ultra Petroleum
) was also up, gaining 6.07 percent to $20.10. Equities Trading
DOWN F5 Networks (NASDAQ:
) was also down, falling 18.24 percent to $73.93 after the
company cut its forecast for the fiscal second quarter.
Shares of Radware (NASDAQ:
) were down 22.11 percent to $29.27 after the company lowered its
Q1 forecast. Delta Air Lines (NYSE:
) shares tumbled 5.02 percent to $14.01. Commodities In commodity
news, oil traded down 0.85 percent to $92.47, while gold traded
up 1 percent to $1,568.00. Silver traded up 1.23 percent Friday
to $27.10, while copper fell 0.24 percent to $3.34.
Eurozone European shares were mostly lower today. Greece is
likely to delay its full Troika report, according to a Reuters
source, meaning that the Eurogroup will be unable to pay its next
bailout tranche next week. The Spanish Ibex Index dropped 0.63%
while the Italian FTSE MIB Index rose 0.64 percent. Meanwhile,
the German DAX fell 2.03 percent and the French CAC dropped 1.68
percent and U.K. shares declined 1.49 percent.
Economics US trade deficit narrowed to $43.0 billion in
February, versus $44.5 billion in January. Exports rose 0.8% in
the month. The US economy added only 88,000 jobs in March, versus
a gain of 236,000 in February. However, economists were expecting
a gain of 190,000 jobs in March. Data on consumer credit for
February will be released at 3:00 p.m. ET.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Gain access to more investing ideas, tools & education.
Get Started on Marketfy, the first ever curated
& verified Marketplace for everything trading.