Street Eases Up on Friday; Blackberry Releases Z10 (BBRY, TIF)

Corporations were in focus on Friday and the major indices in the US managed to snap their losing streak by the close of the bell. Blackberry (BBRY) released its latest smartphone and was trading about 4% higher midday before its rally fizzed out. Tiffany & Co. (TIF) surged after releasing Q4 earnings that beat estimates. Nike (NKE) was also trending after announcing a third-quarter profit of $866 million, up from $560 million just last year.
US Markets gained on hopes for Cyprus as many expect to see a resolution for the bailout over the weekend. In Europe on the other hand, most stocks closed lower on Friday as a sense of urgency to make a deal filled the EU. The rating agency Fitch warned today that it may strip the UK of its triple A rating next month because economic recovery appears to be slower than expected.

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Published on Mar 22, 2013
By InvestorGuide Staff

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