SMLP - Gold Moves Lower; Lululemon Shares Plummet | Benzinga
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 0.3% on Friday.
The Dow traded down 0.49% to 39,585.67 while the NASDAQ rose 0.26% to 16,444.91. The S&P 500 also rose, gaining, 0.01% to 5,241.56.
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Leading and Lagging Sectors
Communication services shares jumped by 0.8% on Friday.
In trading on Friday, real estate shares fell by 1.1%.
Top Headline
Shares of Lululemon Athletica Inc. (NASDAQ: LULU) fell more than 15% during Friday’s session after releasing fourth-quarter results.
Lululemon posted better-than-expected results for its fourth quarter, but issued a weak forecast for the first quarter.
The company said it sees first-quarter revenue in the range of $2.175 billion to $2.2 billion versus estimates of $2.25 billion. The company anticipates first-quarter earnings of $2.35 to $2.40 per share versus estimates of $2.55 per share, according to data from Benzinga Pro.
Equities Trading UP
Summit Midstream Partners, LP (NYSE: SMLP) shares shot up 38% to ...