Markets trimmed earlier weekly gains across major indexes that are still hovering in positive territory on a monthly annualized basis. The U.S. dollar surged to the British pound and the Japanese yen. The euro currency fell 0.63% or 0.0072 to 1.1323 to the dollar.
Restoration Hardware Holdings Inc (RH) fell 20.29% or $7.32 to $28.75 after the luxury home furnishings retailer reported first-quarter net loss of $2.1 million or $0.05 per share compared to net income of $9.8 million or 23 cents earnings last year.
Apple Inc (AAPL) opened its gaming applications and categories to its subscription-based user content. The company will be friendlier to game developers who in turn would create games of higher quality and advantageous features.