Mid-Afternoon Market Update: Aaron's Slides On Earnings Miss; Fluidigm Shares Spike Higher

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Toward the end of trading Friday, the Dow traded down 0.16 percent to 17,728.28 while the NASDAQ declined 0.13 percent to 5,067.45. The S&P also fell, dropping 0.14 percent to 2,086.55.
Leading and Lagging Sectors
In trading on Friday, energy shares jumped by 0.89 percent. Top gainers in the sector included
Ultra Petroleum Corp.UPL
, up 11 percent, and
Solazyme IncSZYM
, up 8 percent. In trading on Friday, financial shares dipped by 0.96 percent. Meanwhile, top losers in the sector included
Genworth Financial IncGNW
, down 11 percent, and
BofI Holding, Inc.BOFI
, off 14 percent.
Top HeadlineCVS Health CorpCVS
reported in-line earnings for the third quarter, but the company issued a weak earnings forecast for the next year. The Woonsocket, Rhode Island-based company reported quarterly net earnings of $1.25 billion, or $1.11 per share, compared to $948 million, or $0.81 per share, in the year-ago period. Excluding non-recurring items, the company's adjusted earnings came in at $1.29 per share. Its revenue climbed to $38.64 billion from $35.02 billion. However, analysts were expecting earnings of $1.29 per share on revenue of $37.9 billion. The company projects 2016 adjusted earnings of $5.68 to $5.88 per share, versus analysts' estimates of $6.02 per share.
Equities Trading UP Cray Inc.CRAY
shares shot up 33 percent to $29.55 after the company reported upbeat Q3 results. Shares of
YRC Worldwide IncYRCW
got a boost, shooting up 33 percent to $18.46 on upbeat Q3 earnings.
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Fluidigm CorporationFLDM
shares were also up, gaining 48 percent to $10.91 after the company reported better-than-expected Q3 earnings.
Equities Trading DOWN DigitalGlobe IncDGI
shares tumbled 25 percent to $14.99. DigitalGlobe reported downbeat Q3 sales and issued a weak FY15 sales forecast. Shares of
Control4 CorpCTRL
were down 28 percent to $6.48. Control4 reported weak Q3 sales and issued a downbeat Q4 outlook.
Aaron's, Inc.AAN
was down, falling 27 percent to $24.60 after the company reported weaker-than-expected Q3 earnings.
Commodities
In commodity news, oil traded up 0.69 percent to $46.38, while gold traded down 0.55 percent to $1,141.00. Silver traded down 0.23 percent Friday to $15.52, while copper fell 0.26 percent to $2.32.
Eurozone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.06 percent, the Spanish Ibex Index fell 0.35 percent, while Italy's FTSE MIB Index dipped 0.01 percent. Meanwhile, the German DAX climbed 0.46 percent, and the French CAC 40 gained 0.24 percent, while U.K. shares fell 0.77 percent.
Economics
The employment cost index rose 0.6 percent in the third quarter, versus a 0.2 percent growth in the second quarter. However, economists were projecting a 0.7 percent growth. US consumer spending increased 0.1 percent in September, while personal income gained 0.1 percent in the month. The Chicago PMI climbed to 56.20 in October, versus a prior reading of 48.70. Economists were estimating a reading of 49.00. The University of Michigan's consumer sentiment index climbed to 90.0 in October, versus 87.2 in September Economists were expecting a reading of 92.5.
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Posted In: EarningsNewsGuidanceEurozoneCommoditiesGlobalIntraday UpdateMarketsMoversMid-Afternoon Market Update
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