US Stocks Edge Lower At End Of A Volatile Week
Gold rose $9.80, or 0.7 percent, to $1,387.60 an ounce.
In the market for U.S. government bonds, the yield on the benchmark 10-year Treasury note dipped to 2.13 percent from 2.15 percent late Thursday. The yield reached a 14-month high of 2.29 percent on Tuesday. Expectations that the Fed will pare its bond buying have helped drive the yield up from 1.63 percent on May 3, when it was at its lowest level this year.
Among stocks making big moves:
â¿¿ Casey's General Stores fell $2.60, or 4 percent, to $60.69. The Iowa-based convenience store reported earnings late Thursday that fell short of what financial analysts had expected.â¿¿ Myriad Genetics sank $4.42, or 14 percent, to $27.59. The decline came a day after the Supreme Court gave the diagnostic test maker a partial victory in a patent battle. â¿¿ Restoration Hardware jumped $9.51, or 16 percent, to $68.47. The high-end home products chain raised its forecast for full-year earnings late Thursday and announced plans to start two new businesses â¿¿ RH Kitchen and Tableware and RH Antiquities â¿¿ next year. ____ AP Business Writer Christina Rexrode contributed.
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