Following the market opening Friday, the Dow traded up 0.33
percent to 15,350.46, while the NASDAQ fell 0.08 percent to
3,713.06. The S&P was also up, rising 0.13 percent to
Top Headline Yesterday, Ulta Salon, Cosmetics & Fragrance
) reported upbeat results.
Ulta's quarterly earnings came in at $0.70 per share on
revenue of $601 million, versus a year-ago profit of $0.54 per
share on sales of $481.7 million.
Equities Trading UP Ulta Salon, Cosmetics & Fragrance
) shot up, gaining 13.28 percent to $113.46, after the company
reported upbeat results.
United Natural Foods (NASDAQ:
) was also up 10.56 percent to $66.30, after the company reported
a 28% rise in its fiscal fourth quarter.
) got a boost, shooting up 4.81 percent to $27.87 after Credit
Suisse upgraded the stock to Outperform.
Equities Trading DOWN Under Armour (NYSE:
) was down, falling 1.93 percent to $79.04, after Credit Suisse
downgraded the stock to Neutral.
Summit Hotel Properties (NYSE:
) shares tumbled 6.81 percent to $9.10 after the company priced
15 million share offering at $9.20 per share.
) was down 4.06 percent to $93.82 after the company priced 4.5
million shares of ordinary shares at $93.00 per share.
Commodities In commodity news, oil traded down 1.02 percent to
$107.49, while gold dropped 1.33 percent to $1,312.90.
Silver traded down 1.49 percent Friday to $21.82, while copper
fell 0.48 percent to $3.19.
Eurozone European shares were mostly flat on Friday. The
Spanish Ibex Index fell 0.01 percent and the Italian FTSE MIB
Index dropped 0.04 percent. Meanwhile, the German DAX gained 0.07
percent and the French CAC 40 rose 0.01 percent while U.K. shares
declined 0.20 percent.
Economics US wholesale prices rose 0.3% in August, while core
wholesale prices came in unchanged in the month. However,
economists were expecting a 0.2% rise.
US retail sales climbed 0.2% in August, less than analysts
The University of Michigan Consumer Confidence dropped to a
preliminary reading of 76.8 in September, versus a final August
reading of 82.1.
US business inventories rose 0.40% in July, versus economist'
expectations for a 0.20% rise.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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