Midway through trading Friday, the Dow traded down 0.22 percent to 18,862.63 while the NASDAQ declined 0.29 percent to 5,318.34.
The S&P also fell, dropping 0.29 percent to 2,180.84.
Leading and Lagging Sectors
On Friday, technology shares gained by 0.34 percent. Meanwhile, top gainers in the sector included Nuance Communications
Inc. (NASDAQ: NUAN), and Marvell Technology Group
Ltd. (NASDAQ: MRVL).
In trading on Friday, healthcare shares fell by 0.49 percent. Meanwhile, top losers in the sector included Simulations Plus,
Inc. (NASDAQ: SLP), down 5 percent, and Endologix,
Inc. (NASDAQ: ELGX), down 4 percent.
Top Headline
Foot Locker, Inc. (NYSE: FL) reported
better-than-expected earnings for its third quarter on Friday.
Foot Locker posted quarterly EPS of $1.13, beating analysts’ estimates by three cents per share. Its revenue of $1.89 billion
was in-line with estimates.
Its same-store sales rose 4.7 percent in the quarter. Foot Locker paid investors a quarterly dividend of $0.275 and also bought
back 1.15 million shares during the quarter.
Equities Trading UP
DryShips Inc. (NASDAQ: DRYS) shares shot up 25
percent to $13.60. DryShips shares tumbled around 85 percent on Thursday after the company announced a registered direct offering
to raise roughly $20 million.
Shares of Eyegate Pharmaceuticals Inc (NASDAQ: EYEG) got a boost, shooting up 22 percent to $1.77 after the company disclosed that
the FDA has confirmed a 510(k) De Novo path for its Ocular Bandage Gel following a pre-submission meeting.
Synutra International, Inc. (NASDAQ: SYUT) shares
were also up, gaining 18 percent to $5.30 after the company disclosed that it has entered into a definitive merger agreement for
"going private" transaction.
Equities Trading DOWN
Gap Inc (NYSE: GPS) shares dropped 16 percent to
$25.85. Gap posted in-line profit for its third quarter. However, the company reported a decline in quarterly sales.
Shares of Hibbett Sports, Inc. (NASDAQ: HIBB) were
down 11 percent to $40.25 after the company reported weaker-than-expected earnings for its third quarter.
Abercrombie & Fitch Co. (NYSE: ANF) was down, falling
around 14 percent to $14.55 after the company reported downbeat earnings for its third quarter.
Commodities
In commodity news, oil traded down 0.33 percent to $45.83 while gold traded down 0.67 percent to $1,208.70.
Silver traded down 1.33 percent Friday to $16.65, while copper fell 1.28 percent to $2.47.
Eurozone
European shares were lower today. The eurozone’s STOXX 600 declined 0.36 percent, the Spanish Ibex Index fell 1.09 percent,
while Italy’s FTSE MIB Index fell 1.75 percent. Meanwhile the German DAX declined 0.20 percent, and the French CAC 40 dropped 0.52
percent while U.K. shares fell 0.28 percent.
Economics
The index of leading economic indicators rose 0.1 percent for October, versus economists’ expectations for a 0.1 percent
growth
The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
Dallas Federal Reserve Bank President Robert Kaplan will speak at the Dallas and Kansas City Fed's oil conference in Houston,
Texas at 1:30 p.m. ET.
Federal Reserve Governor Jerome Powell is set to speak in San Francisco at 9:45 p.m. ET.
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