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Midway through trading Friday, the Dow traded up 0.38 percent to 15,382.23, while the NASDAQ rose 0.23 percent to 3,499.23. The S&P was also up, gaining 0.21 percent to 1,657.91.
Top Headline
Yesterday, Guess'
GES reported an upbeat first-quarter profit.
Its quarterly net income declined to $9.9 million, or $0.12 per share, versus $26.6 million, or $0.30 per share, in the year-ago period. Excluding one-time items, Guess earned $0.14 per share.
Its total sales dropped 5% to $549 million. However, analysts were estimating earnings of $0.08 per share on sales of $549 million.
Equities Trading UP
OmniVision Technologies
OVTI shot up, gaining 20.15 percent to $18.61, after the company reported upbeat Q4 earnings.
Krispy Kreme Doughnuts
KKD was also up 17.54 percent to $16.76 on upbeat Q1 results.
Guess'
got a boost, shooting up 10.90 percent to $32.55 after the company reported an upbeat first-quarter profit.
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Palo Alto Networks
PANW was down, falling 9.22 percent to $49.38, after the company reported weak quarterly revenue..
Pall
PLL shares tumbled 3.22 percent to $69.54 after the company issued weak FY13 earnings forecast.
Graphic Packaging Holding Company
GPK was down 2.83 percent to $7.74 after the company announced an underwritten secondary public offering of 15,000,000 shares by selling stockholders.
Commodities
In commodity news, oil traded down 1.11 percent to $92.57, while gold dropped 1.38 percent to $1,392.00.
Silver traded down 2.03 percent Friday to $22.23, while copper fell 0.54 percent to $3.30.
Eurozone
European shares traded mostly lower following some weak economic data. The eurozone's unemployment rate rose to another record level in April as the unemployment rate rose to 12.2 percent from 12.1 percent previously, in line with expectations.
The Spanish Ibex Index fell 0.75 percent and the Italian FTSE MIB Index dropped 0.86 percent. Meanwhile, the German DAX tumbled 0.24 percent and the French CAC 40 dropped 0.34 percent while U.K. shares declined 0.61 percent.
Economics
Consumer spending declined 0.2% in April, versus economists' expectations for a 0.1% drop. The PCE inflation index fell 0.3% in April.
The Chicago PMI rose to 58.7 in May, versus 49.0 in April. However, economists were expecting a reading of 49.9 in May.
The final reading of the Reuters/University of Michigan's consumer sentiment index rose to 84.50 in May, from 76.40 in April. However, economists were expecting a reading of 83.70.
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