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AdvancePierre Foods Holdings Inc. shares jumped on their first day of trading, and were quoted at $23.40 in early trade, up 11% from their $21 issue price. The packaged sandwich and foods company sold 11.1 million shares to raise $233 million. The stock is trading on the New York Stock Exchange, under the ticker symbol “APFH.”

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French President Francois Hollande warned Friday that his country faces a long battle after the deadly attack in Nice on Thursday evening during a Bastille Day celebration. “The whole world is watching us and expressing its solidarity,” he said, according to the Guardian. “The world is thinking of us.” The president also confirmed that 84 people of a number of nationalities have died and added that a further 50 are “between life and death.” “And there are a number of young children who came to watch fireworks with their families, who have been struck down just to satisfy the cruelty of one individual or possible of a group,” Hollande said, according to media reports. In comparison, 130 people died during the coordinated attacks in Paris in November of last year. The Nice killings happened Thursday night as a man in a truck barreled through Bastille Day revelers who were gathered at the Promenade des Anglais in the seaside city in the south of France.

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From:: Stock Market News

U.S. stocks opened higher Friday, with the S&P 500 and Dow industrials on track for weekly gains and all-time closing highs. Upbeat data on U.S. retail sales and inflation outweighed initial selling seen after a terror attack in France left more than 80 people dead. Strong gains in oil prices also boosted risk appetite. The Dow Jones Industrial Average added 46 points, or 0.2%, to 18,548, the S&P 500 index gained 10 points, or 0.2%, to 2,168, while the Nasdaq Composite Index added 10 points, or 0.2%, to 5,044.

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Shares of Harley-Davidson Inc. fell more than 2% in premarket trade Friday after the stock was downgraded to hold from buy at Stifel on Friday. The stock has risen 7% in July, mostly due to buyout speculation, putting it within reach of Stifel’s $50 12-month price target. But analyst Drew Crum said he sees limited upside potential from here, and expects the company to face “ongoing fundamental challenges,” including, potentially, weaker-than-expected second-quarter motorcycle sales. While The Fly reported on July 1 that private equity company KKR & Co. might be interested in buying Harley, Crum said he questions the economic feasibility of such a deal.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Shares of Herbalife Ltd. soared more than 9%, nearing a two-year high on Friday, after the company confirmed a ruling by the Federal Trade Commission that it is not a pyramid scheme and can continue to operate as a direct selling company without significantly changing its business model. In a separate settlement with the Illinois Attorney General, Herbalife agreed to pay $3 million to settle similar allegations. The ruling, first reported by The Wall Street Journal, ends a two-year investigation by the FTC that started after billionaire investor Bill Ackman revealed a large short stake in the company and claimed it was a pyramid scheme. In light of the ruling, Ackman rival and fellow billionaire investor Carl Icahn, who has long supported Herbalife, said the company raised his ownership limit to 34.99% from 25%. Shares of Herbalife were on track to open around $64.62 on Friday, which would put them on track for their highest closing price since July 28, 2014, when the stock closed at $67.48.

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Shares of Chipotle Mexican Grill Inc. fell nearly 2% in premarket trade Friday after the stock was downgraded to equal-weight from overweight at Morgan Stanley and its price target was reduced to $405 from $500. The downgrade comes in light of new evidence that show Chipotle’s sales recovery from the E. coli and salmonella outbreaks will “remain more protracted” than the market expects. “A full sales recovery to prior peak volumes could take years in our view,” said Morgan Stanley analyst John Glass. The analysis was conducted through an online survey of 2,000 U.S. consumers regarding how often they shop at Chipotle and other fast casual brands. Shares of Chipotle were on track to open around $411 on Friday. They’ve declined by 11% on the last three months and 37% on the year, underperforming the S&P 500. The average rating on the stock is the equivalent to hold, while the median 12-month price target is $451.89, according to a FactSet poll of more than 20 analysts.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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An American father and his son vacationing in France are believed to be among the dead after a suspected terror attack in Nice late Thursday, according to media reports. At least 84 people died when a truck drove for more than a mile through a packed crowd during a fireworks display for Bastille Day celebrations on the seaside in the French riviera. CBS News identified the two Americans as Sean Copeland, 51, and his son Brodie, 11, from Austin, Texas, who were in Nice with their family. A tribute to the family was made by Hill Country Baseball on its Facebook page Thursday evening.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News