U.S. stocks ended on a negative note, with S&P 500 Index retreating 0.42 percent to finish at 1,368.32. The Dow Jones Industrial Average edged 0.02 percent lower to end at 12,977.12. The Nasdaq Composite Index closed at 2,976.19, losing 0.43 percent on Friday.
The losses were led by energy shares as crude oil price fell by more than 2 percent, after Saudi Arabia denied reports of an explosion at a pipeline.
In a thin day of economic data and corporate news, concerns over oil supply in the Middle East and development in relation to Greece bailout likely weighed on the sentiment.
Hot Stocks Of The Day : (BIG, YELP, SFLY, GCO, WYNN, SLE, OSTK)
In corporate news, Big Lots Inc. (NYSE:BIG) retreated 4.2 percent to end at $42.62 following its quarterly results and guidance. The closeout retailer reported a fall in fourth-quarter margins. Gross margin declined to 40.2 percent from 40.8 percent, and operating margin fell to 11.4 percent from 11.7 percent. For the first quarter, BIG sees adjusted earnings from continuing operations of $0.75 to $0.81 per share, while Street predicts $0.81 per share.
Yelp Inc. (NYSE: YELP) soared much as 65 percent to $26 on its public debut. The provider of online reviews of local businesses and services priced its initial public offering at $15 per share, above its $12 to $14 projected range. The IPO values Yelp at $900 million. The company is offering of 7.1 million shares. The stock closed at $24.57, up 63.8 percent.
Sara Lee Corp. (NYSE: SLE) rallied 7.0 percent to end at $21.83 after the company said it expects to spin off its international coffee and tea business later this year. SLE also said it pay a $3 dividend after the tranasaction.
Shutterfly Inc. (NASDAQ:SFLY) rallied 16.4 percent to finish at $31.34 after the online photo and greeting cards company agreed to buy bankrupt Eastman Kodak's (NYSE: EK) online photo services business for $23.8 million.
Genesco Inc. (NYSE:GCO) advanced 4.2 percent to end at $73.67 after the footwear and apparel retailer boosted its 2013 earnings forecast above consensus. GCO sees 2013 EPS between $4.58 and $4.70, above analysts' expectations of $4.42 a share.
Wynn Resorts Ltd.