MARKET PULSE-Best Buy, Citi, Nu Skin, Tessera, YRC Worldwide
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks modestly came off their fresh highs from a day earlier in the wake of a stunning drop on Thursday shares of retailer Best Buy. Financials stocks also weighed on the Dow and S&P indexes. The Dow Jones industrial average was down 0.52 percent at 16,396.72, the S&P 500 was down 0.30 percent at 1,842.91 and the Nasdaq Composite was down 0.09 percent at 4,211.242.
** GOLDMAN SACHS GROUP, $174.88, -2.17 pct
Goldman Sachs Group reported a 21 percent drop in quarterly profit on Thursday as revenue from fixed-income trading fell in what Chief Executive Lloyd C. Blankfein described as "a somewhat challenging environment."
** BEST BUY CO INC, $27.32, -27.28 pct
The world's largest consumer electronics chain reported a drop in holiday sales and forecast a bigger-than-expected decline in quarterly operating margins.
** APOLLO GLOBAL MANAGEMENT LLC, $35.36, -1.09 pct Continued...