Following the market opening Friday, the Dow traded up 0.32
percent to 16,184.28 while the NASDAQ surged 0.27 percent to
4,278.99. The S&P also rose, gaining 0.25 percent to
Leading and Lagging Sectors In trading on Friday, technology
shares were relative leaders, up on the day by about 0.37
percent. Meanwhile, top gainers in energy sector included
), with shares up 20.2 percent, and Aruba Networks (NASDAQ:
), with shares up 7.1 percent. Shares of Aruba surged after the
company reported quarterly results and announced an additional
$200 million share repurchase authorization.
Energy sector was the leading decliner in the US market today.
Energy shares fell around 0.05 percent in today's trading. Among
the energy stocks, Endeavour International (NYSE:
) was down more than 9.5 percent, while Cabot Oil & Gas
) tumbled around 4.5 percent.
Top Headline After the closing bell Thursday, Groupon (NASDAQ:
) projected a
for the first quarter. For the first quarter, Groupon expected an
adjusted loss of $0.02 to $0.04 per share on revenue of $710 to
$760 million. However, analysts were projecting a profit of $0.06
per share on revenue of $668.7 million. Groupon posted a
quarterly net loss of $81.2 million, versus a year-ago loss of
$81.1 million. On a per share basis, it lost $0.12 per share.
Excluding items, Groupon earned $0.04 per share. Its revenue
climbed to $768.4 million. However, analysts projected earnings
of $0.02 per share on revenue of $718 million. Equities Trading
UP Emeritus (NYSE:
) shot up 37.37 percent to $29.48 after the company and Brookdale
Senior Living (NYSE:
) signed a definitive merger agreement.
Shares of CommScope Holding Company (NASDAQ:
) got a boost, shooting up 18.19 percent to $22.42 after the
company reported Q4 results. Analysts at Jefferies upgraded the
stock from Hold to Buy and lifted the price target from $17.50 to
) was also up, gaining 7.21 percent to $46.56 after the company
reported better-than-expected fourth-quarter results.
Equities Trading DOWN Shares of Fleetmatics Group PLC (NYSE:
) were down 11.39 percent to $35.40 after the company issued a
weak profit forecast.
) shares tumbled 15.75 percent to $8.66 after the company
projected a surprise quarterly loss.
Acacia Research (NASDAQ:
) was down, falling 8.26 percent to $13.67 on
weaker-than-expected Q4 results.
Commodities In commodity news, oil traded down 0.10 percent to
$103.21, while gold traded up 0.42 percent to $1,322.40.
Silver traded up 0.30 percent Friday to $21.75, while copper
fell 0.06 percent to $3.26.
Eurozone European shares were mostly higher today.
The Spanish Ibex Index fell 0.06 percent, while Italy's FTSE
MIB Index declined 0.12 percent.
Meanwhile, the German DAX climbed 0.11 percent and the French
CAC 40 climbed 0.34 percent while U.K. shares gained 0.22
Economics Sales of existing homes declined 5.1% to an annual
rate of 4.62 million in January, according to the National
Association of Realtors. However, economists were projecting a
rate of 4.67 million.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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