NEW YORK (TheStreet) -- U.S. stock markets are slightly lower but don't seem to have found a definitive trading direction following December's nonfarm payrolls report. TheStreet's Jonathan Marino looks at the headlines for Friday.
Major European equity markets are getting a solid boost on Friday, with many up around 1%. Japan's Nikkei was able to close out the week with a gain, up 0.2%, Marino said.
Shares of Sears (SHLD) were falling more than 13% after the retailer cut its fiscal fourth-quarter guidance.
Marino said the guidance will add to the frustration for Sears shareholders.
Also in the red is Alcoa
(AA). Shares are lower by roughly 6% after the company reported an earnings miss on Thursday after the close. Sales beat estimates but were lower than a year earlier.
Adding salt to the wound, Alcoa announced it would pay nearly $400 million in fines to the Securities and Exchange Commission and Justice Department to settle foreign bribery charges, Marino said.
Follow @BretKenwell Action Alerts PLUS, which Cramer co-manages as a charitable trust, held shares of INTC.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts