Following the market opening Friday, the Dow traded down 0.89
percent to 14,475.45 while the NASDAQ dropped 1.40 percent to
3,179.67. The S&P also fell, declining 1.08 percent to
Index Technicals: The S&P 500 found support at 1,550
yesterday, and opened lower to test the 1,540 level today. The
MACD divergences remain intact.
The Dow looks set to lose its 14,550 support to head lower to
its 14,400 support.
The NASDAQ ended yesterday testing its 3,200 support, while
gapping down lower this morning under its 50 EMA support at
3,193.29 with lower support at 3,100.
Finally, the Russell looks to be gapping down this morning
under its 50 EMA support at 920.08, with lower support at
Top Headline F5 Networks (NASDAQ:
) cut its forecast for the fiscal second quarter.
F5 Networks now projects adjusted earnings of $1.06 to $1.07
per share on revenue of $350.2 million, versus its prior forecast
of $1.21 to $1.24 per share on revenue of $370 million to $380
Equities Trading UP NII Holdings (NASDAQ:
) shot up 8.26 percent to $4.92 after the company agreed to sell
its Peruvian operations for approximately $400 million.
Shares of WD-40 Company (NASDAQ:
) got a boost, shooting up 3.37 percent to $54.60 after the
company reported upbeat Q2 earnings.
) was also up, gaining 10.63 percent to $72.57.
Equities Trading DOWN Rigel Pharmaceuticals (NASDAQ:
) shares tumbled 31.86 percent to $5.13 after the company
announced top-line results of OSKIRA-1.
F5 Networks (NASDAQ:
) was also down, falling 17.53 percent to $74.57 after the
company cut its forecast for the fiscal second quarter.
Shares of Radware (NASDAQ:
) were down 20.60 percent to $29.84 after the company lowered its
Commodities In commodity news, oil traded down 0.73 percent to
$92.58, while gold traded up 0.89 percent to $1,566.20.
Silver traded up 0.91 percent Friday to $27.01, while copper
fell 0.37 percent to $3.34.
Eurozone European shares were lower today. Greece is likely to
delay its full Troika report, according to a Reuters source,
meaning that the Eurogroup will be unable to pay its next bailout
tranche next week.
The Spanish Ibex Index dropped 1.26% while the Italian FTSE
MIB Index fell 0.08 percent. Meanwhile, the German DAX fell 1.96
percent and the French CAC dropped 1.93 percent and U.K. shares
declined 1.84 percent.
Economics US trade deficit narrowed to $43.0 billion in
February, versus $44.5 billion in January. Exports rose 0.8% in
The US economy added only 88,000 jobs in March, versus a gain
of 236,000 in February. However, economists were expecting a gain
of 190,000 jobs in March.
Data on consumer credit for February will be released at 3:00
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