Toward the end of trading Friday, the Dow traded up 0.84 percent to 16,161.83 while the NASDAQ gained 0.12 percent to 4,245.97. The S&P also rose, gaining 0.53 percent to 1,839.24.
Leading and Lagging Sectors
In trading on Friday, Basic Materials shares were relative leaders, up on the day by 0.78 percent. Top gainer in the sector was AMCOL International (NYSE: ACO), up 9 percent.
Shares of Cliffs Natural Resources (NYSE: CLF)also surged 6.18 percent after the company reported upbeat quarterly earnings. Financials sector was the only decliner in the market today, down on the day by 0.05 percent.
Among the financial stocks, Zillow (NASDAQ: Z) was down 9.6%, while TAL International Group (NYSE: TAL) tumbled around 3.55%. Shares of TAL International dipped after the company reported downbeat quarterly earnings.
Campbell Soup Co (NYSE: CPB) reported a 71% gain in its fiscal second-quarter profit. Campbell's quarterly earnings surged to $325 million, or $1.03 per share, versus $190 million, or $0.60 per share, in the year-ago quarter. Excluding special costs, it earned $1.04 per share. Its sales climbed 5.5% to $2.28 billion. However, analysts were projecting earnings of $0.73 per share on revenue of $2.27 billion.
Equities Trading UP
Cray (NASDAQ: CRAY) rose on Friday's session, gaining a staggering 36.87 percent to $41.02 after beating on the top and bottom lines, while boosting its fiscal year guidance.
Shares of Bankrate (NYSE: RATE) got a boost, shooting up 20.92 percent to $21.05 after the company reported better-than-expected Q4 results.
Coty (NYSE: COTY) was also up, gaining 7.36 percent to $14.73 after the company reported strong Q2 revenue and announced a $200 million share buyback program.
Equities Trading DOWN
Shares of Weight Watchers International (NYSE: WTW) were down 27.57 percent to $22.15 after the company reported downbeat Q4 earnings and issued a weak FY14 forecast.
Agilent Technologies (NYSE: A) was also down, dropping 8.06 percent to $55.24 after lowering its fiscal year 2014 guidance and its second quarter guidance.
GNC Holdings (NYSE: GNC) was down, falling 14.64 percent to $44.72 after the company reported weaker-than-expected Q4 results and issued downbeat FY14 guidance. Goldman Sachs downgraded the stock from Buy to Neutral and cut the price target from $72.00 to $54.00.
In commodity news, oil traded down 0.03 percent to $100.32, while gold traded up 1.50 percent to $1,319.40.
Silver traded up 4.64 percent Friday to $21.44, while copper rose 0.38 percent to $3.26.
European shares were higher today.
The Spanish Ibex Index rose 0.34 percent, while Italy's FTSE MIB Index surged 1.62 percent.
Meanwhile, the German DAX gained 0.68 percent and the French CAC 40 climbed 0.63 percent while U.K. shares rose 0.06 percent.
The import price index climbed 0.1% in January, versus economists' expectations for a 0.1% decline.
US industrial production fell 0.30% for January, versus economists' estimates of a 0.20% gain.
The preliminary reading of the Reuters/University of Michigan's consumer sentiment index came in at 81.20 in February, versus a prior reading of 81.20.
However, economists were expecting a reading of 80.20.
Posted-In: Earnings News Guidance Eurozone Futures Forex Global Econ #s Economics Intraday Update Markets Movers Tech
(c) 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Most Popular New Study Finds $47 Billion Worth Of Cell Phones Gathering Dust Chelsea Notes 'Abnormal Trading Activity' Surrounding Today's PDUFA Action Ford And General Motors Offer Staggering Discount on Full-Size Trucks Occidental Petroleum Announces Sale of Hugoton Field Assets As Part of Company's Strategic Review; Price of Sale at $1.4B Five Star Stock Watch: Canadian Solar Google And VMware Just Ganged Up On Microsoft Related Articles (A + ACO) Mid-Afternoon Market Update: Cray Shows Strength as Agilent Technologies Falls on Earnings Mid-Day Market Update: Bankrate Jumps On Upbeat Results; Weight Watchers Shares Dip Mid-Morning Market Update: Markets Mostly Higher; Campbell Soup Profit Beats Estimates Benzinga's Top #PreMarket Losers #PreMarket Primer: Thursday, February 13: Comcast To Buy Time Warner Cable Earnings Scheduled For February 13, 2014 Around the Web, We're Loving... Create an Account With Options House and Get 150 Free Trades! Pope Francis Rips 'Trickle-Down' Economics