Toward the end of trading Friday, the Dow traded up 0.85 percent to 20,054.12 while the NASDAQ climbed 0.41 percent to 5,659.25.
The S&P also rose, gaining 0.66 percent to 2,295.83.
Leading and Lagging Sectors
Financial shares rose by 1.42 percent in trading on Friday. Meanwhile, top gainers in the sector included Ladenburg Thalmann
Financial Services (NYSE: LTS), and Mitsubishi UFJ
Financial Group Inc (ADR) (NYSE: MTU).
In trading on Friday, basic material shares slipped by 1.1 percent. Meanwhile, top losers in the sector included Companhia
Siderurgica Nacional (ADR) (NYSE: SID), down 5 percent, and
Vale SA (ADR) (NYSE: VALE), down 6 percent.
Top Headline
Amazon.com, Inc. (NASDAQ: AMZN) reported upbeat
earnings for its fourth quarter, but sales missed estimates. The company also issued a weak sales forecast for the first
quarter.
Amazon reported Q4 EPS of $1.54, beating analysts’ estimates by $0.19. Its revenue came in at $43.7 billion, missing
expectations by $980 million. Amazon projects Q1 sales of $33.25 billion to $35.75 billion, versus analysts’ estimates of $36
billion.
Equities Trading UP
Cambrex Corporation (NYSE: CBM) shares shot up 20
percent to $61.05 after the company posted strong quarterly results.
Shares of bebe stores, inc. (NASDAQ: BEBE) got a
boost, shooting up 18 percent to $5.60 following second-quarter results. bebe stores reported a Q2 loss of $5.2 million on revenue
of $101.9 million.
Tableau Software Inc (NYSE: DATA) shares were also
up, gaining 16 percent to $55.85 after the company posted upbeat quarterly results.
Equities Trading DOWN
Interpace Diagnostics Group Inc (NASDAQ: IDXG)
shares dropped 28 percent to $3.12. Interpace Diagnostics priced 1.2 million shares at $3 per share.
Shares of FireEye Inc (NASDAQ: FEYE) were down
around 16 percent to $10.95 after the company issued a weak outlook for the current quarter. The company also reported the
departure of its CFO and Board Chairman.
Deckers Outdoor Corp (NASDAQ: DECK) was down,
falling around 17 percent to $45.86 after the company reported downbeat earnings for its third quarter and issued a weak
forecast.
Commodities
In commodity news, oil traded up 0.35 percent to $53.73 while gold traded up 0.11 percent to $1,220.70.
Silver traded up 0.32 percent Friday to $17.49, while copper fell 2.51 percent to $2.62.
Eurozone
European shares closed higher today. The eurozone’s STOXX 600 gained 0.59 percent, the Spanish Ibex Index rose 0.60 percent,
while Italy’s FTSE MIB Index surged 1.20 percent. Meanwhile the German DAX gained 0.20 percent, and the French CAC 40 climbed 0.65
percent while U.K. shares rose 0.67 percent.
Economics
The U.S. economy added 227,000 new jobs in January, while the unemployment rate increased to 4.8 percent. Economists were
expecting a gain of 175,000 nonfarm jobs.
The Markit services PMI rose to 55.60 in January, versus a prior reading of 55.10. Economists were projecting a reading of
55.10.
U.S. factory orders rose 1.3 percent for December, versus economists’ expectations for a 1 percent growth.
The ISM non-manufacturing index declined to 56.50 in January, versus a prior reading of 56.60. Economists expected a reading of
57.00.
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