Friday, the Dow traded down 0.13 percent to 15,615.65 while the
NASDAQ gained 0.14 percent to 3,794.72. The S&P fell,
dropping 0.02 percent to 1,722.05.
Top Headline Darden Restaurants (NYSE:
) reported a
drop in its first-quarter profit
and announced the retirement of its president and chief operating
Darden's quarterly earnings fell to $70.2 million, or $0.53
per share, from $110.8 million, or $0.85 per share, in the
year-earlier period. However, analysts were projecting a profit
of $0.70 per share.
Its sales climbed to $2.16 billion, missing estimates of $2.19
Equities Trading UP The Goodyear Tire & Rubber Company
) shot up 2.52 percent to $22.79 after the company announced a
$100 million stock buyback program and reinstated a dividend of
$0.05 per share.
Shares of TIBCO Software (NASDAQ:
) got a boost, shooting up 4.99 percent to $26.51 after the
company reported better-than-expected third-quarter results.
) was also up, gaining 7.73 percent to $64.98 after the company
priced 4.6 million share
follow on offering of common stock at $60.00 per share.
Equities Trading DOWN Shares of AK Steel Holding (NYSE:
) were down 9.68 percent to $4.01 after the company projected a
wider loss for the third quarter.
Darden Restaurants (NYSE:
) shares tumbled 3.48 percent to $47.58 after the company
reported a drop in its first-quarter profit.
Navios Maritime Partners LP (NYSE:
) down, falling 5.76 percent to $14.07 after the company priced
its follow-on public offering of 5,000,000 common units.
Commodities In commodity news,
oil traded down 0.83 percent
to $105.51, while gold traded down 1.02 percent to $1,355.30.
Silver traded down 2.33 percent Friday to $22.75, while copper
fell 0.40 percent to $3.33.
Eurozone European shares
today. The Spanish Ibex Index dropped 0.06 percent, while Italy's
FTSE MIB Index fell 0.40 percent. Meanwhile, the German DAX
dropped 0.14 percent and the French CAC 40 fell 0.11 percent
while U.K. shares declined 0.21 percent.
Economics On the economics calendar Friday, there is no
important data due out.
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