Following the market opening Friday, the Dow traded up 0.40
percent to 14,478.47 while the NASDAQ gained 0.35 percent to
3,233.97. The S&P also rose, gaining 0.44 percent to
Index Technicals: The S&P 500 looks to be finding support
at 1,540, with over head resistance at 1,555.
The Dow seems to be finding support in the 14,400 level after
hitting a brief dip below, with overhead resistance at
The NASDAQ is showing support at 3,220, and looks set to gap
up this morning into its 3,240 resistance.
Finally, the Russell looks to be finding support at 940, with
948 acting as overhead resistance.
Top Headline Tiffany & Co (NYSE:
) reported a rise in its fiscal fourth-quarter profit.
Tiffany's quarterly profit climbed to $179.6 million, or $1.40
per share, versus $178.4 million, or $1.39 per share, in the
year-earlier period. Its net sales surged to $1.24 billion from
$1.19 billion. However, analysts were expecting earnings of $1.36
Tiffany projects 2013 global net sales to rise 6% to 8% and
earnings from operations to increase 6% to 9%.
Equities Trading UP Micron Technology (NASDAQ:
) shot up 9.21 percent to $9.90 after the company posted upbeat
fiscal second-quarter revenue.
Shares of Nike (NYSE:
) got a boost, shooting up 9.98 percent to $58.9 after the
company reported upbeat fiscal third-quarter profit.
Tiffany & Co (NYSE:
) was also up, gaining 3.73 percent to $70.44 after the company
reported a rise in its fiscal fourth-quarter profit.
Equities Trading DOWN TIBCO Software (NASDAQ:
) shares tumbled 15.41 percent to $19.60 after the company
reported downbeat first-quarter revenue.
Tech Data (NASDAQ:
) was also down, falling 6.56 percent to $46.30 after the company
reported that it will restate some of its financial results from
Shares of Informatica (NASDAQ:
) were down 4.13 percent to $34.38 after Nomura downgraded
) from "buy" to "neutral."
Commodities In commodity news, oil traded up 0.71 percent to
$93.11, while gold traded down 0.50 percent to $1,605.70.
Silver traded down 1.94 percent Friday to $28.64, while copper
rose 0.96 percent to $3.47.
Eurozone European shares were higher today. The German IFO
Business Climate Index, a broad measure of economic confidence in
Germany, fell to 106.7 from 107.4 in February, missing
expectations of a reading of 107.6.
The Spanish Ibex Index rose 0.34 percent and the Italian FTSE
MIB Index surged 1.29 percent. The STOXX Europe 600 Index climbed
0.13 percent, London's FTSE 100 Index rose 0.34 percent, French
CAC 40 Index gained 0.08 percent and German DAX 30 index rose
Economics No major economic reports are scheduled for release
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