The bulls could not pull all the indices into positive territory to end the week as the S&P fell during the last minute rally Friday. The Dow closed up 0.4%, the S&P lost 0.04%, and the Nasdaq gained 0.1%.
Here are Friday’s winners and losers:
Winners:
CIT Group Inc. (CIT)
CIT breathed a sigh of relief at the close of the week as it looked to the public sector for liquidity. The small business lender’s shares jumped 70.7%, or 29 cents, to close at 70 cents.
Mattel Inc. (MAT)
The toy manufacturer’s stock ended up 7.6% on a gain in quarterly profit. MAT last traded at $17.42, a gain of $1.23.
American International Group Inc. (AIG)
The financial giant’s stock rose 6% on news that it’s working quickly to get its spin-off ALICO trading on the NYSE. AIG closed up 77 cents at $13.52 a share.
Gannett Co. Inc. (GCI)
The USAToday publisher’s shares added 4.8% at the close of the week. GCI finished at $4.78, a gain of 22 cents.
International Business Machines Corp. (IBM)
Big Blue rocked quarterly earnings and investors responded, as the stock gained 4.3% Friday. IBM closed up $4.78 at $115.42 a share.
Losers:
Marshall & Ilsley Corp. (MI)
The regional bank lost 12.3% on a drop in loan quality despite better- than-expected quarterly results. MI finished the session down 65 cents at $4.63 a share.
Kimco Realty Corp. (KIM)
The REIT dropped 10.6% on news that Regency Centers Corp. would cut its yearly target. KIM dropped 97 cents, closing at $8.22 a share.
Zions Bancorp (ZION)
Another regional bank posting a loss to end the week, Zions’ shares fell 6.8%. ZION closed at $11.56, a loss of 84 cents.
BB&T Corp. (BBT)
The bank’s shares fell 6.2% on a quarterly loss. BBT last traded down $1.39, closing at $20.94 a share.
General Electric Co. (GE)
Hurt by CIT, the stock dropped 6.1% as investors were worried about the effect CIT’s troubles would have on GE Capital. The conglomerate closed at $11.65, a loss of 75 cents.
Market Winners & Losers: Gannett, Yum Brands
