Midway through trading Friday, the Dow traded up 0.21 percent to 14,968.35 while the NASDAQ surged 0.21 percent to 3,666.32. The S&P also rose, gaining 0.31 percent to 1,660.23.
Top Headline
Smithfield Foods (SFD) reported a drop in its first-quarter profit.
Smithfield's quarterly profit dropped to $39.5 million, from $61.7 million, in the year-earlier period. Its earnings per share fell to $0.27 from $0.40.
Its revenue climbed to $3.4 billion from $3.1 billion. Analysts were expecting a profit of $0.47 per share.
Equities Trading UP
Quiksilver (ZQK) shot up 31.58 percent to $6.84 after the company reported upbeat fiscal third-quarter earnings.
Shares of VeriFone Systems (PAY) got a boost, shooting up 10.96 percent to $22.99 after the company reported better-than-expected fiscal third-quarter results.
Finisar (FNSR) was also up, gaining 2.23 percent to $23.35 after the company issued strong Q2 outlook.
Equities Trading DOWN
Shares of Mattress Firm Holding (MFRM) were down 16.14 percent to $34.96 after the company reported downbeat second-quarter results and lowered its forecast.
MannKind (MNKD) shares tumbled 6.03 percent to $5.92 after analysts at Bank of America downgraded the stock from Neutral to Underperform.
Smith & Wesson Holding (SWHC) was down, falling 8.28 percent to $10.53 after the company issued a downbeat Q2 forecast.
Commodities
In commodity news, oil traded up 1.63 percent to $110.14, while gold traded up 1.06 percent to $1,387.60.
Silver traded up 2.58 percent Friday to $23.86, while copper rose 0.48 percent to $3.26.
Eurozone
European shares were higher today. The Spanish Ibex Index gained 1.23 percent, while Italy's FTSE MIB Index rose 1.21 percent. Meanwhile, the German DAX gained 0.49 percent and the French CAC 40 climbed 1.06 percent while U.K. shares rose 0.23 percent.
Economics
The US economy added 169,000 jobs in August, while the country's unemployment rate declined to 7.3% from 7.4%. Economists were expecting a 173,000 gain in jobs in August.
BY Jake L'Ecuyer
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
US Stocks Turn Higher; Quiksilver Shares Surge On Upbeat Earnings
Published 09/08/2013, 02:11 AM
Updated 05/14/2017, 06:45 AM
US Stocks Turn Higher; Quiksilver Shares Surge On Upbeat Earnings
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.