Following the market opening Friday, the Dow traded up 0.44
percent to 15,106.66 while the NASDAQ gained 0.30 percent to
3,434.26. The S&P also rose, surging 0.49 percent to
Top Headline Yesterday, Quiksilver (NYSE:
) posted a loss in the fiscal second quarter.
Quiksilver posted a quarterly loss of $32.4 million, or $0.19
per share, versus a year-ago loss of $5.1 million, or $0.03 per
share. Excluding one-time items, Quiksilver lost $0.12 per
Its revenue declined 7% to $458.7 million. However, analysts
were projecting a profit of $0.04 per share on revenue of $505.4
Equities Trading UP Rally Software Development (NYSE:
) shot up 11.67 percent to $22.96 after the company posted upbeat
Shares of Thor Industries (NYSE:
) got a boost, shooting up 9.27 percent to $45.06 on upbeat Q3
Elan Corporation plc (NYSE:
) was also up, gaining 4.85 percent to $13.30 after Royalty
Pharma lifted offer to buy Elan to $13.00 per share in cash plus
a contingent value right of up to $2.50 per share.
Equities Trading DOWN TiVo (NASDAQ:
) was down, falling 19 percent to $11.10 after the company
announced settlement of patent litigation.
Shares of Iron Mountain (NYSE:
) were down 17.24 percent to $28.47 after the company disclosed
that the IRS is reviewing its REIT request.
) shares tumbled 13.69 percent to $6.62 after the company posted
a loss in the fiscal second quarter.
Commodities In commodity news, oil traded down 0.80 percent to
$94.00, while gold traded down 1.35 percent to $1,396.70.
Silver traded down 1.92 percent Friday to $22.27, while copper
fell 1.13 percent to $3.28.
Eurozone European shares were mostly higher today. The
Bundesbank cut its 2013 and 2014 growth forecasts overnight and
now sees 0.3 percent growth in 2013 and 1.5 percent growth in
2014 vs. 0.4 percent and 1.9 percent previously.
The Spanish Ibex Index fell 0.13 percent and the Italian FTSE
MIB Index gained 0.26 percent. Meanwhile, the German DAX climbed
0.53 percent and the French CAC 40 rose 0.56 percent while U.K.
shares gained 0.47 percent.
Economics The US economy added 175,000 jobs in May. The
country's jobless rate rose to 7.6% from 7.5%. However,
economists were estimating an addition of 164,000 jobs and an
unemployment rate of 7.5% in May.
Data on consumer credit for April will be released at 3:00
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