Following the market opening Friday, the Dow traded down 0.40
percent to 14,480.51 while the NASDAQ dropped 0.32 percent to
3,248.36. The S&P also fell, declining 0.38 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 Energy (NYSE:
) shot up 7.74 percent to $23.53. CenterPoint Energy, OGE Energy
and ArcLight Capital Partners reported that they will combine
their assets to form a leading midstream partnership.
Shares of Molycorp (NYSE:
) got a boost, shooting up 6.51 percent to $6.38 after the
company reported Q4 results.
) was also up, gaining 7.74 percent to $17.27.
Equities Trading DOWN Ulta Salon, Cosmetics & Fragrance
) shares tumbled 14.28 percent to $75.75 after the company issued
Krispy Kreme Doughnuts (NYSE:
) was also down, falling 6.56 percent to $13.97 after the company
reported a drop in its fiscal fourth-quarter net income and
issued a weak full-year view.
Shares of Carnival plc (NYSE:
) were down 4.66 percent to $35.39 after the company reported Q1
Commodities In commodity news, oil traded up 0.54 percent to
$93.53, while gold traded up 0.01 percent to $1,590.90.
Silver traded down 0.01 percent Friday to $28.81, while copper
fell 0.14 percent to $3.53.
Eurozone European shares were lower as Spanish shares fell on
higher bond yields. The Spanish Ibex Index tumbled 0.74 percent
and the Italian FTSE MIB Index fell 0.16 percent. The STOXX
Europe 600 Index fell 0.34 percent, London's FTSE 100 Index
declined 0.54 percent, French CAC 40 Index dipped 0.84 percent
and German DAX 30 index dropped 0.12 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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