Mid-Afternoon Market Update: Dow Slides 100 Points; Container Store Shares Down On Weak Results

Toward the end of trading Friday, the Dow traded down 0.63 percent to 16,410.79 while the NASDAQ declined 0.44 percent to 4,668.77. The S&P also fell, dropping 0.67 percent to 1,930.12. China's Shanghai Composite Index gained 1.97 percent today.Leading and Lagging SectorsOn Friday, utilities shares gained by 0.30 percent. Meanwhile, top gainers in the sector included Targa Resources Corp (NYSE: TRGP), up 6 percent, and American Midstream Partners LP (NYSE: AMID), up 7 percent. In trading on Friday, basic materials shares tumbled by 1.10 percent. Meanwhile, top losers in the sector included Century Aluminum Co (NASDAQ: CENX), down 10 percent, and Stillwater Mining Company (NYSE: SWC), down 6 percent.Top HeadlineAcuity Brands, Inc. (NYSE: AYI) reported better-than-expected earnings for its fiscal first quarter on Friday. The company posted quarterly net income of $68.4 million, or $1.57 per share. Excluding items, the company's earnings came in at $1.65 per share.Its revenue rose 14 percent to $736.6 million. However, analysts were expecting earnings of $1.58 per share on revenue of $740 million.Equities Trading UP NGL Energy Partners LP (NYSE: NGL) shares shot up 56 percent to $14.27 after the company announced plans to sell TransMontaigne GP LLC for $350 million in cash. Shares of Athersys, Inc. (NASDAQ: ATHX) got a boost, shooting up 30 percent to $1.34. Healios K.K. and Athersys reported a deal related to regenerative medicine for the treatment of stroke using MultiStem Therapy LGI Homes Inc (NASDAQ: LGIH) shares were also up, gaining 8 percent to $23.37 LGI Homes closed 433 homes during December. The company finished Q4 with 946 homes closed.Equities Trading DOWN Container Store Group Inc (NYSE: TCS) shares dropped 40 percent to $4.29 after the company reported downbeat results for the third quarter on Thursday.Shares of Barracuda Networks Inc (NYSE: CUDA) were down 34 percent to $10.77 after the company reported weaker-than-expected Q3 earnings. American Eagle Outfitters (NYSE: AEO) was down, falling around 16 percent to $13.29 on weak comparable sales. American Eagle's same-store sales rose 4 percent during the fourth quarter to date.CommoditiesIn commodity news, oil traded down 0.57 percent to $33.08, while gold traded down 0.46 percent to $1,102.70. Silver traded down 2.82 percent Friday to $13.94, while copper fell 0.30 percent to $2.02.EurozoneEuropean shares closed lower today. The eurozone's STOXX 600 declined 1.49 percent, the Spanish Ibex Index fell 1.66 percent, while Italy's FTSE MIB Index declined 1.58 percent. Meanwhile, the German DAX dropped 1.31 percent, and the French CAC 40 slipped 1.59 percent, while U.K. shares fell 0.70 percent.EconomicsThe U.S. economy added 292,000 new jobs in December, versus economists' expectations for a gain of 205,000 jobs. The unemployment rate was unchanged at 5 percent. US wholesale inventories declined 0.3 percent in November, versus economists' expectations for a 0.10 percent drop.