Following the market opening Friday, the Dow traded up 0.02
percent to 15,374.52 while the NASDAQ surged 0.78 percent to
3,893.23. The S&P also rose, gaining 0.37 percent to
Top Headline General Electric Co (NYSE:
) reported an
in its third-quarter net profit. GE's quarterly profit declined
to $3.2 billion, or $0.31 per share, down from $3.5 billion, or
$0.33 per share, in the year-ago period. Its operating earnings
came in at $0.36 per share. Excluding one-time items, it earned
$0.40 per share. Its total revenue fell to $35.7 billion from
$36.3 billion. However, analysts were expecting a profit of $0.35
per share on revenue of $35.96 billion. Revenue from GE Capital
declined 5.4% to $10.67 billion.
Equities Trading UP Align Technology (NASDAQ:
) shot up 25.23 percent to $57.52 after the company reported
upbeat third-quarter results.
Shares of Baker Hughes (NYSE:
) got a boost, shooting up 8.45 percent to $56.15 on upbeat
) was also up, gaining 10.23 percent to $979.71 after reporting
Equities Trading DOWN Shares of Ariad Pharmaceuticals (NASDAQ:
) were down 39.11 percent to $2.74 after the company
of the Phase 3 EPIC trial of Iclusig.
Advanced Micro Devices (NYSE:
) shares tumbled 12.96 percent to $3.56 after the company
reported a 6% fall in its personal computer chip sales. Acacia
) was down, falling 21.25 percent to $15.45 after the company
reported Q3 results. Stephens downgraded the stock from
Overweight to Underweight. Commodities In commodity news,
oil traded up 0.83 percent
to $101.51, while gold traded down 0.31 percent to $1,318.90.
Silver traded up 0.01 percent Friday to $21.95, while copper rose
0.27 percent to $3.31.
Eurozone European shares
today. The Spanish Ibex Index rose 0.61 percent, while Italy's
FTSE MIB Index gained 0.13 percent. Meanwhile, the German DAX
rose 0.21 percent and the French CAC 40 surged 0.81 percent while
U.K. shares climbed 0.47 percent.
Economics There were no major economic releases Friday
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