Mid-Afternoon Market Update: Markets Mixed as Allied Nevada Gold Rallies Hard

Toward the end of trading Friday, the Dow traded down 0.41 percent to 14,963.04 while the NASDAQ rose 0.35 percent to 3,413.65. The S&P fell, dropping 0.07 percent to 1,612.92. Top Headline
BlackBerry BBRY posted a loss in the first quarter. BlackBerry posted a quarterly loss of $84 million, or $0.16 per share, versus a year-ago loss of $518 million, or $0.99 per share. Its loss from continuing operations came in at $84 million, while its adjusted loss from continuing operations was $67 million, or $0.13 per share. BlackBerry's revenue surged to $3.07 billion from $2.81 billion. However, analysts were projecting adjusted earnings of $0.07 per share on revenue of $3.38 billion. BlackBerry shipped 6.8 million smartphones in the first quarter. Equities Trading UP
Molycorp MCP shot up 9.63 percent to $6.15 following announcement of end of SEC investigation. Allied Nevada Gold ANV shares rallied on Thursday, gaining 15.68 percent to $6.425 as the company finally got some relief from a bottoming out gold market and shorts looked to cover. Arch Coal ACI was also up, gaining 5.00 percent to $3.77 after the company agreed to sell Utah mines to Bowie Resources for $435 million in cash. Equities Trading DOWN
Shares of BlackBerry BBRY were down 27.68 percent to $10.48 after the company posted a loss in the first quarter. Accenture plc ACN was down, falling 10.72 percent to $71.63 after the company lowered its forecast for the fiscal year. AZZ AZZ shares tumbled 10.19 percent to $38.71 after the company reported a 9% drop in its fiscal first-quarter earnings and issued a weak current-quarter view. Commodities
In commodity news, oil traded down 0.40 percent to $95.23, while gold traded up 0.30 percent to $1,215.70. Silver traded up 5.72 percent Friday to $19.55, while copper rose 0.35 percent to $3.06. Eurozone
European shares were lower today. German retail sales jumped 0.8 percent in May vs. April on expectations of a modest gain of 0.2 percent. The Spanish Ibex Index fell 1.04 percent and the Italian FTSE MIB Index dropped 1.24 percent. Meanwhile, the German DAX tumbled 0.39 percent and the French CAC 40 dipped 0.62 percent while U.K. shares declined 0.45 percent. Economics
The Chicago PMI declined to a reading of 51.6 in June, versus 58.7 in May. However, economists were projecting a 55.0 reading. The final reading of the Reuter's/University of Michigan's consumer sentiment index dropped to a reading of 84.10 in June, versus a final reading of 84.5 in May. The preliminary June reading was 82.70. However, economists were expecting a reading of 83.00. Fed member John Williams is expected to speak.