Midway through trading Friday, the Dow traded up 0.16 percent to 17,347.66 while the NASDAQ gained 0.44 percent to 4,591.06. The S&P also rose, gaining 0.42 percent to 2,001.00
Leading and Lagging Sectors
In trading on Friday, energy shares rose by 2.04 percent. Meanwhile, top gainers in the sector included Niska Gas Storage Partners LLC NKA, up 9.9 percent, and Ultra Petroleum Corp. UPL, up 9.6 percent.
Industrials shares rose by just 0.02 percent in the US market on Friday. Top losers in the sector included Precision Castparts Corp. PCP, down 13.3 percent, Danaos Corporation DAC, off 3.4 percent.
Top Headline
Goldman Sachs Group Inc. GS reported a drop in its earnings for the fourth quarter.
Equities Trading UP
Courier Corporation CRRC shares shot up 36.44 percent to $19.77 after Quad/Graphics Inc QUAD announced its plans to acquire Courier for $20.50 per share.
Shares of DepoMed Inc. DEPOSunTrust Banks, Inc. STI shares were also up, gaining 3.19 percent to $37.88 after the bank reported better-than-expected fourth-quarter earnings.
Equities Trading DOWN
Precision Castparts Corp. PCP shares tumbled 13.43 percent to $190.21 after the company issued a downbeat Q3 forecast.
Shares of BJ's Restaurants, Inc. BJRI were down 8.16 percent to $43.20 after the company announced preliminary Q4 revenue.
Commodities
In commodity news, oil traded up 2.90 percent to $47.59, while gold traded up 1.30 percent to $1,281.20.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 climbed 1.18 percent, the Spanish Ibex Index rose 0.63 percent, while Italy’s FTSE MIB Index gained 2.18 percent. Meanwhile, the German DAX rose 1.64 percent, and the French CAC 40 jumped 0.85 percent while UK shares gained 0.82 percent.
Economics
U.S. consumer prices declined 0.4% in December, versus economists’ expectations for a 0.4% drop.
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