Stocks Improve After Jobs, Services-Sector Reports
The benchmark 10-year Treasury increased 4/32 to raise the yield to 1.908%. The dollar was off 0.06%, according to the U.S. dollar index .
In corporate news, Sonic(SONC) said late Thursday that fiscal first-quarter profit rose 12% from a year earlier to $6.1 million, or 11 cents a share, on revenue of $126 million.
The results were roughly in line with Wall Street estimates. Shares tumbled 0.84%.
Progress Software (PRGS) posted fourth-quarter earnings on Thursday of $36 million, or 57 cents a share, on revenue of $91.3 million, compared with year-earlier profit of $12.2 million, or 19 cents a share, on revenue of $93.5 million.
Adjusted profit in the latest fourth quarter was 23 cents a share; analysts expected 34 cents a share.
Progress Software said it expects first-quarter revenue to be flat with the year-earlier quarter. Shares were up 5.4% after slumping in premarket trading.
Coinstar (CSTR) announced Thursday the unexpected retirement of CEO Paul Davis.
The owner of the Redbox movie-rental kiosks named Chief Financial Officer J. Scott Di Valerio as its new CEO. He will take over on March 31. Shares fell 3.8%.
Eli Lilly (LLY) shares rose 3.7% after the drug maker forecast fiscal 2013 earnings of $3.75 to $3.90 a share, surpassing the Wall Street prediction of $3.71.
Finish Line (FINL) shares shed 8.3% after the athletic shoes and apparel retailer booked breakeven earnings in the third quarter, which were below the average analyst estimate of 10 cents a share, as the company faced challenges including changes in footwear trends and cool reception to its new e-commerce site.
Fertilizer company Mosaic(MOS) said quarterly operating profit declined 30%, driven by lower phosphate volumes and prices and partially offset by lower raw material costs.
"International shipments ... were impacted by prolonged contract negotiations in India and China," said Jim Prokopanko, CEO of Mosaic, in a statement. "With the settled China contract driving improved sentiment, we believe strong agricultural fundamentals will lead to strengthening crop nutrient markets."
Shares increased 3.3%.
Google(GOOG) and the Federal Trade Commission announced Thursday a deal to end the federal agency's nearly two-year antitrust probe. The search engine leader has agreed to make voluntary changes to its current Internet search practices.
Google reportedly has agreed to allow advertisers to have more say over how their ads appear on the search results listings page. The Internet giant also agreed to limit the use of reviewers' "snippets" and other quotes gathered from rival providers.
Shares were up 2% on Friday.
Harvest Natural Resources (HNR) shares popped 11.3% after the company announced an oil discovery oil in a wildcat well in the offshore waters of Gabon, West Africa.
Avon(AVP) shares added 3.2% after the stock was boosted to buy from neutral at Bank of America.