3:00 PM – Market indexes on Wall Street struggled to advance in slow trading on Friday and a private measure of consumer confidence index increased to a five-month high. European markets advanced ahead of weekend talks to push Greece in a last ditch effort to an agreement.
Stocks on Wall Street struggled as investors looked ahead to weekend and digested the latest consumer confidence index at a five-month high.
The private measure of consumer confidence tracked by the University of Michigan increased to 96.1% in June, 16.5% higher than a year ago month.
On Wall Street, Tollbooth Strategy Index rose 0.2% or 18.23 to 10,825.52.
S&P 500 index gained 0.2% or 3.41 to 2,105.72 and the Nasdaq Composite Index fell 0.3% or 17.58 to 5,094.75.
Crude oil in New York slipped 71 cents to $58.99 a barrel and gold fell $1.30 cents to $1,170.50 an ounce.
Finish Line Inc
) increased 3.9% or $1.05 to $28.05 after the specialty retailer said net sales in the first-quarter ending in May climbed 9.1% to $443.4 million from a year ago period.
Comparable store sales in the quarter jumped 5.5%.
Net income in the quarter soared 11.3% to $13.8 million or 30 cents per diluted share compared to $12.4 million or 25 cents from the same quarter last year.
) gained 4.4% or $4.64 to $109.86 after the athletic footwear, apparel, equipment, accessories developer reported revenues in the fourth-quarter ending in May jumped 5% to $7.78 billion from a year ago period.
Net income in the quarter surged 23.9% to $865 million or 98 cents per diluted share compared to $698 million or 78 cents from the same quarter last year.
Nike added revenues in footwear segment in the quarter jumped 9% to $4.78 billion while revenue apparel business increased 1% to $2.16 billion.
The company said Nike brand North America revenue climbed 13% to $3.73 billion, but revenues in Western Europe decreased 3% to $1.27 billion and revenue in Central and Eastern Europe fell 3% to $360 million while revenues in Greater China surged 18% to $829 million and Japan revenue rose 2% to $230 million.
In London trading, FTSE 100 index slipped 0.5% or 30.81 to 6,782.01 and in Frankfurt the DAX index rose 0.5% or 62.78 to 11,535.91.
In Paris, CAC 40 index gained 0.9% or 43.71 to 5,085.42.
For the week, FTSE 100 index increased 1.1% and in Frankfurt the DAX index jumped 4.5%.
In Paris, CAC 40 index soared 5.7%.
NK Rosneft'' OAO
, the Russia-based state oil company reported sales revenues in the first-quarter dropped 6.3% to 1.29 trillion rubles from 1.38 trillion rubles in a year ago period.
Net income in the quarter soared 30.2% from a year ago to 56 billion rubles compared to 43 billion rubles.
jumped 3.7% to 225.30 pence after the supermarket chain operator said group sales in first-quarter decreased 1% and comparable store sales dropped 1.3% while volumes increased 1.4% and transaction in the quarter gained 1.3% from a year ago period.
Stocks in Tokyo extended weekly gains and jobless rate was flat in May and household spending increased for the first time in over a year.
The seasonally adjusted unemployment rate in May was 3.3%, Ministry of Internal Affairs and Communications said today.
The number of unemployed persons in May declined 7.4% to 2.24 million, a decrease of 180,000 from a year ago month.
The participation rate increased to 59.8% from 59.4% a month earlier.
In a separate report the Ministry said the average monthly household spending in May jumped 5.5% to 286,433 yen from the same period a year ago.