Mid-Day Market Update: Cray Surges On Upbeat Results; DigitalGlobe Shares Drop

Midway through trading Friday, the Dow traded down 0.04 percent to 17,748.65 while the NASDAQ declined 0.03 percent to 5,077.27. The S&P also fell, dropping 0.11 percent to 2,087.05. Leading and Lagging Sectors In trading on Friday, technology shares jumped by 0.45 percent. Top gainers in the sector included Cray Inc. CRAY, up 30 percent, and Incontact Inc SAAS, up 18 percent. In trading on Friday, financial shares dipped by 0.56 percent. Meanwhile, top losers in the sector included Genworth Financial Inc GNW, down 10 percent, and Mesabi Trust MSB, off 9 percent. Top Headline CVS Health Corp CVS reported in-line earnings for the third quarter, but the company issued a weak earnings forecast for the next year. The Woonsocket, Rhode Island-based company reported quarterly net earnings of $1.25 billion, or $1.11 per share, compared to $948 million, or $0.81 per share, in the year-ago period. Excluding non-recurring items, the company's adjusted earnings came in at $1.29 per share. Its revenue climbed to $38.64 billion from $35.02 billion. However, analysts were expecting earnings of $1.29 per share on revenue of $37.9 billion. The company projects 2016 adjusted earnings of $5.68 to $5.88 per share, versus analysts' estimates of $6.02 per share. Equities Trading UP Cray Inc. CRAY shares shot up 30 percent to $28.90 after the company reported upbeat Q3 results. Shares of YRC Worldwide Inc YRCW got a boost, shooting up 23 percent to $16.99 on upbeat Q3 earnings. Fluidigm Corporation FLDM shares were also up, gaining 32 percent to $9.74 after the company reported better-than-expected Q3 earnings. Equities Trading DOWN DigitalGlobe Inc DGI shares tumbled 25 percent to $14.99. DigitalGlobe reported downbeat Q3 sales and issued a weak FY15 sales forecast. Shares of Control4 Corp CTRL were down 30 percent to $6.27. Control4 reported weak Q3 sales and issued a downbeat Q4 outlook. Aaron's, Inc. AAN was down, falling 24 percent to $25.61 after the company reported weaker-than-expected Q3 earnings. Commodities In commodity news, oil traded down 0.50 percent to $45.83, while gold traded down 0.43 percent to $1,142.40. Silver traded down 0.26 percent Friday to $15.51, while copper fell 0.28 percent to $2.31. Eurozone European shares were lower today. The eurozone's STOXX 600 fell 0.50 percent, the Spanish Ibex Index fell 0.99 percent, while Italy's FTSE MIB Index dipped 0.32 percent. Meanwhile, the German DAX slipped 0.04 percent, and the French CAC 40 dropped 0.19 percent, while U.K. shares fell 0.64 percent. Economics The employment cost index rose 0.6 percent in the third quarter, versus a 0.2 percent growth in the second quarter. However, economists were projecting a 0.7 percent growth. US consumer spending increased 0.1 percent in September, while personal income gained 0.1 percent in the month. The Chicago PMI climbed to 56.20 in October, versus a prior reading of 48.70. Economists were estimating a reading of 49.00. The University of Michigan's consumer sentiment index climbed to 90.0 in October, versus 87.2 in September Economists were expecting a reading of 92.5.