Following the market opening Friday, the Dow traded up 0.08
percent to 16,429.99 while the NASDAQ declined 0.30 percent to
4,205.97. The S&P also fell, dropping 0.23 percent to
Top Headline General Electric Co (NYSE:
) reported a
rise in its fourth quarter
GE's quarterly net earnings climbed to $4.2 billion, or $0.41
per share, versus $4.01 billion, or $0.38 per share, in the
year-ago period. Its operating earnings surged to $5.4 billion,
or $0.53 per share.
Its revenue jumped 3% to $40.38 billion. However, analysts
were expecting earnings of $0.53 per share on revenue of $40.27
billion. GE's industrial segment profit jumped 12% to $5.5
Equities Trading UP Shares of NII Holdings (NASDAQ:
) got a boost, shooting up 23.33 percent to $2.96 after the
company announced an agreement with Apple (NASDAQ:
) to bring iPhone to its Nextel Brazil operations.
Electronic Arts (NASDAQ:
) shot up 11.37 percent to $23.99 after CRT Capital initiated
coverage on the stock with a Buy rating and a $26.00 price
Skyworks Solutions (NASDAQ:
) was also up, gaining 8.67 percent to $31.10 after the company
reported upbeat Q1 earnings and issued strong Q2 forecast.
Equities Trading DOWN Shares of Silver Spring Networks (NYSE:
) were down 23.19 percent to $18.05 after the company issued
downbeat Q4 forecast. Credit Suisse downgraded the stock from
Outperform to Neutral and cut the price target from $26.00 to
BJ's Restaurants (NASDAQ:
) tumbled 7.11 percent to $28.35 on weak Q4 guidance. Stifel
Nicolaus lowered the price target on the stock from $42.00 to
) was down, falling 4.05 percent to $25.47 after the company
Commodities In commodity news, oil traded up 0.78 percent to
$94.69, while gold traded up 0.66 percent to $1,248.40.
Silver traded up 1.03 percent Friday to $20.26, while copper
rose 0.49 percent to $3.36.
Eurozone European shares were mostly higher today. The Spanish
Ibex Index rose 0.03 percent, while Italy's FTSE MIB Index
climbed 0.30 percent. Meanwhile, the German DAX rose 0.14 percent
and the French CAC 40 declined 0.02 percent while U.K. shares
gained 0.07 percent.
Economics U.S. housing starts dropped 9.8% to an annual rate
of 999,000 in December. However, economists were expecting
housing starts to drop to 985,000 in the month.
U.S. industrial production climbed 0.3% in December, versus
economists' expectations for a 0.3% rise.
The preliminary reading of the Reuter's/University of
Michigan's consumer sentiment index fell to 80.40 in January,
versus a prior reading of 82.50. However, economists were
expecting a reading of 83.50.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.