Following the market opening Friday, the Dow traded up 0.27
percent to 14,368.74 while the NASDAQ rose 0.21 percent to
3,239.03. The S&P also rose, gaining 0.17 percent to
Top Headline Pandora Media (NYSE:
) posted a narrower-than-expected fourth-quarter loss. The
company also announced that its Chairman, Chief Executive and
President, Joseph Kennedy is stepping down. The company posted a
quarterly loss of $14.6 million, or $0.09 per share, versus a
year-ago loss of $8.2 million, or $0.05 per share. Excluding
one-time items, its adjusted loss came in at $0.04 per share. Its
revenue surged 54% to $125.1 million. However, analysts were
expecting a loss of $0.05 pers hare on revenue of $122.8 million.
Equities Trading UP Pandora Media (NYSE:
) shot up 22.76 percent to $14.40 after the company posted a
narrower-than-expected fourth-quarter loss. Shares of
Tempur-Pedic International (NYSE:
) got a boost, shooting up 7.44 percent to $45.79 after the
Federal Trade Commission cleared its planned acquisition of
Sealy. H&R Block (NYSE:
) was also up, gaining 7.57 percent to $26.87 after the company
reported Q3 results.
Equities Trading DOWN Foot Locker (NYSE:
) shares tumbled 5.24 percent to $33.46 after the company
reported Q4 results. AVG Technologies NV (NYSE:
) was also down, falling 9.66 percent to $14.18 after the company
announced the resignation of it CEO. Shares of Quiksilver (NYSE:
) were down 7.63 percent to $5.81 after the company reported
downbeat Q1 results.
Commodities In commodity news, oil traded down 0.55 percent to
$91.06, while gold traded down 0.76 percent to $1,563.10. Silver
traded down 1.28 percent Friday to $28.44, while copper fell 0.19
percent to $3.51.
Eurozone European shares were higher today. Spanish industrial
production continued to improve in January, falling 5 percent on
expectations of a 5.2 percent drop and slower than the previous
reading of a 6.9 percent drop. The Spanish Ibex Index climbed
2.17 percent and the Italian FTSE MIB Index surged 1.66 percent.
The STOXX Europe 600 Index gained 0.77 percent, London's FTSE 100
Index rose 0.63 percent, French CAC 40 Index surged 1.34 percent
and German DAX 30 index gained 0.76 percent. Economics The US
economy added 236,000 jobs in the month of February and the
unemployment rate declined to 7.7% from 7.9%. However, economists
were expecting the economy to add 160,000 jobs and unemployment
rate of 7.9% in February. US wholesales inventories climbed 1.2%
to $504.4 billion in January. However, economists had expected a
rise of around 0.3%. The Fed's Elizabeth Duke is scheduled to
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