Midway through trading Friday, the Dow traded down 0.19
percent to 14,510.88 while the NASDAQ dropped 0.17 percent to
3,253.55. The S&P also fell, declining 0.09 percent to
Index Technicals: The S&P 500 looks to be stalling at
1,565, with lower support at 1,540.
The Dow is also stalling, holding up at the 14,450 level,
while holding lower support at 14,410.
The NASDAQ is stalling as well, hovering around 3,260 with
support at 3,230.
Finally, the Russell is stalling at 955, while holding lower
support at 938.
Top Headline Yesterday, Aeropostale (NYSE:
) swung to a loss in the fiscal fourth quarter and issued
downbeat forecast for the current quarter. Aeropostale posted a
quarterly loss of $671,000, or $0.01 per share, versus a year-ago
profit of $26.1 million, or $0.32 per share. Excluding one-time
items, Aeropostale earned $0.24 per share, versus analysts'
estimates of $0.22 per share. Its revenue declined 1% to $797.7
million from $808.4 million. Equities Trading UP CenterPoint
) shot up 6.46 percent to $23.25. CenterPoint Energy, OGE Energy
and ArcLight Capital Partners reported that they will combine
their assets to form a leading midstream partnership. Shares of
) got a boost, shooting up 5.43 percent to $6.32 after the
company reported Q4 results. Comstock Resources (NYSE:
) was also up, gaining 14.29 percent to $18.24 after Rosetta
Resources announced its plans to acquire some Permian assets from
Comstock Resources for $768 million. Equities Trading DOWN Ulta
Salon, Cosmetics & Fragrance (NASDAQ:
) shares tumbled 15.64 percent to $74.55 after the company issued
weak forecast. Krispy Kreme Doughnuts (NYSE:
) was also down, falling 4.62 percent to $14.26 after the company
reported a drop in its fiscal fourth-quarter net income and
issued a weak full-year view.
Shares of Team (NYSE:
) were down 16.79 percent to $38.67 after the company issued weak
Q3 earnings view.
Commodities In commodity news, oil traded up 0.30 percent to
$93.31, while gold traded up 0.13 percent to $1,592.70. Silver
traded down 0.06 percent Friday to $28.79, while copper fell 0.47
percent to $3.52.
Eurozone European shares were lower as Spanish shares fell on
higher bond yields. The Spanish Ibex Index tumbled 0.68 percent
and the Italian FTSE MIB Index fell 0.27 percent. The STOXX
Europe 600 Index fell 0.40 percent, London's FTSE 100 Index
declined 0.65 percent, French CAC 40 Index dipped 0.75 percent
and German DAX 30 index dropped 0.34 percent. Economics The
Empire State manufacturing index declined to 9.2 in March, versus
10.0 in the earlier month. However, economists were expecting the
index to hold steady at 10. US consumer prices rose 0.7% in
February, while the core CPI increased 0.2%. However, economists
were expecting the CPI to rise 0.6% and the core CPI to gain
0.2%. US industrial production climbed 0.7% in February, beating
economists' estimates of a 0.6% rise. The Reuter's/University of
Michigan's consumer sentiment index fell to a preliminary reading
of 71.8 in March, versus a final reading of 77.6 in February.
However, economists were expecting a preliminary reading of 78 in
March. Richard Fisher of the Dallas Fed is set to speak on too
big to fail in Maryland.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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