Mid-Day Market Update: Planet Fitness Surges On Upbeat Results; Fossil Group Shares Slide

Midway through trading Friday, the Dow traded down 0.76 percent to 17,315.32 while the NASDAQ declined 0.96 percent to 4,956.81. The S&P also fell, dropping 0.73 percent to 2,031.09. Leading and Lagging Sectors In trading on Friday, basic materials shares rose by 0.16 percent. Top gainers in the sector included Syngenta AG (ADR) SYT, up 6 percent, and Sociedad Quimica y Minera de Chile (ADR) SQM, up 5 percent. Energy shares dipped around 1.51 percent in Friday's trading. Meanwhile, top losers in the sector included PHI Inc. PHII, down 13 percent, and Pacific Ethanol Inc PEIX, off 8 percent. Top Headline J C Penney Company Inc JCP reported better-than-expected revenue for the third quarter on Friday. The Plano, Texas-based company reported a quarterly net loss of 137 million, or $0.45 per share, versus a year-ago loss of $188 million, or $0.62 per share. Its net sales climbed to $2.90 billion from $2.76 billion. However, analysts were expecting a loss of $0.55 per share on revenue of $2.88 billion. Equities Trading UP Planet Fitness Inc PLNT shares shot up 8 percent to $16.21 after the company reported stronger-than-expected results for the third quarter and lifted its 2015 forecast. Shares of Darling Ingredients Inc DAR got a boost, shooting up 12 percent to $10.65. Darling Ingredients reported Q3 adjusted loss of $0.02 per share on revenue of $853.8 million. Mylan NV MYL shares were also up, gaining 12 percent to $48.38. Mylan reported that its offer to acquire Perrigo Company plc Ordinary Shares PRGO has lapsed. Equities Trading DOWN Fossil Group Inc FOSL shares tumbled 32 percent to $34.64. Fossil Group reported upbeat earnings for the third quarter, but the company's sales missed analysts' estimates. Shares of Vipshop Holdings Ltd - ADR VIPS were down 28 percent to $13.37 following release of preliminary Q3 sales numbers. Nordstrom, Inc. JWN was down, falling 18 percent to $52.32 after the company reported weaker-than-expected results for the third quarter and lowered its outlook for the year. Commodities In commodity news, oil traded down 3.09 percent to $40.46, while gold traded up 0.02 percent to $1,081.20. Silver traded down 0.42 percent Friday to $14.17, while copper fell 0.58 percent to $2.16. Eurozone European shares were lower today. The eurozone's STOXX 600 declined 1.16 percent, the Spanish Ibex Index fell 0.94 percent, while Italy's FTSE MIB Index slipped 0.52 percent. Meanwhile, the German DAX declined 1.36 percent, and the French CAC 40 slipped 1.75 percent, while U.K. shares fell 1.31 percent. Economics U.S. producer prices declined 0.4 percent in October, versus economists' expectations for a 0.2 percent growth. U.S. retail sales increased 0.1 percent in October, versus economists' expectations for a 0.3 percent gain. U.S. business inventories declined 0.30 percent in September, versus economists' expectations for a 0.10 percent growth. The University of Michigan's consumer sentiment index climbed to 93.10 in November, versus a prior reading of 90.00. However, economists were expecting a reading of 91.50. Supplies of natural gas gained 49 billion cubic feet for the week ended November 6, the U.S. Energy Information Administration said. However, analysts were expecting a rise of 49 billion cubic feet to 53 billion cubic feet.