Investing
Friday Closing Bell: Markets Fall Following Fed-mania
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September 20, 2013: U.S. markets opened mixed Friday but very near the flat line. That was the high-point for the day for the DJIA and the S&P 500; the Nasdaq Composite actually rose to a couple of points above its open for a moment before start its slide. A slew of speeches from Fed officials didn’t add anything that was unknown about Wednesday’s FOMC announcement. Two IPOs and two secondary offerings did their best to give the markets a lift today, but it was not gonna happen.
Asian markets closed mixed today, while European and Latin American markets closed mostly lower.
Monday’s calendar includes a speech by Atlanta Fed President Dennis Lockhart and the following data releases and events (all times Eastern):
Here are the closing bell levels for Friday:
Shares of BlackBerry Ltd. (NASDAQ: BBRY) were halted for about 35 minutes late Friday afternoon. The company announced absolutely awful preliminary results one week ahead of its scheduled announcement date. Shares closed at $8.70, down 17.3% for the day.
Big Earnings Movers: Darden Restaurants Inc. (NYSE: DRI) is down 7.1% at $45.78. Sierra Wireless Inc. (NASDAQ: SWIR) is up 18.6% at $14.77.
Stocks on the Move: FireEye Inc. (NASDAQ: FEYE) is up 78% at $35.60 after its morning IPO. Rocket Fuel Inc. (NASDAQ: FUEL) is up 89.7% at $55.00 following its IPO. JinkoSolar Holding Co. Ltd. (NYSE: JKS) is up 4.9% at $17.29 following a secondary offering. Shutterstock Inc. (NASDAQ: SSTK) is up 16.2% at $70.11 after its own secondary offering.
In all, 154 stocks put up new 52-week highs today, while 27 stocks posted new lows.
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