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Names such as Jones Energy (JONE), The E.W. Scripps Company (SSP) and Groupon (GRPN) are significantly higher on the day, while RadioShack (RSH), TETRA Technologies (TTI) and Demand Media (DMD) are seeing their stocks lower into the afternoon.

Hi. I'm Sayoko Murase. Welcome to the 'Weekly Market Wrap' for May 9, 2014.

The Dow Jones Industrial Average is higher on the week, while the S&P 500 is relatively flat and the NASDAQ Composite is lower for the period.

Crude oil futures are flat this week, trading at $99.76 per barrel on Friday afternoon.

And Gold futures are lower, trading at $1287.40 an ounce on Friday afternoon.

In economic news, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced that total March exports of $193.9 billion and imports of $234.3 billion resulted in a goods and services deficit of $40.4 billion, down from $41.9 billion in February, revised. March exports were $3.9 billion more than February exports of $190.0 billion. March imports were $2.5 billion more than February imports of $231.8 billion.

In terms of unemployment insurance weekly claims, in the week ending May 3, the advance figure for seasonally adjusted initial claims was 319,000, a decrease of 26,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 344,000 to 345,000. The 4-week moving average was 324,750, an increase of 4,500 from the previous week's revised average. The previous week's average was revised up by 250 from 320,000 to 320,250.

The U.S. Census Bureau announced that March 2014 sales of merchant wholesalers, except manufacturers' sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $443.4 billion, up 1.4 percent from the revised February level and were up 6.5 percent from the March 2013 level. The February preliminary estimate was revised upward $1.1 billion or 0.2 percent. March sales of durable goods were up 1.4 percent from last month and were up 4.9 percent from a year ago. Sales of electrical and electronic goods were up 4.2 percent from last month and sales of metals and minerals, except petroleum were up 2.2 percent. Sales of nondurable goods were up 1.5 percent from February and were up 7.9 percent from last March. Sales of farm product raw materials were up 6.0 percent from last month and sales of grocery and related products were up 3.2 percent.

In highlights of corporate dividend news, H&R Block (HRB) announced that its Board of Directors declared a quarterly cash dividend of 20 cents per share, payable July 1, 2014, to shareholders of record as of June 16, 2014.

Phillips 66 (PSX) has declared a quarterly dividend of 50 cents per share on Phillips 66 common stock, representing an increase of approximately 28 percent from the prior quarter. The dividend is payable on June 2, 2014, to shareholders of record at the close of business on May 19, 2014.

American International Group declared a dividend of $0.125 per share on AIG common stock, par value $2.50 per share. The dividend is payable on June 24, 2014, to stockholders of record at the close of business on Tuesday, June 10, 2014.

And, Eli Lilly and Company (LLY) has declared a dividend for the second quarter of 2014 of $0.49 per share on outstanding common stock. The dividend is payable June 10, 2014 to shareholders of record at the close of business on May 15, 2014.

This is the 'Weekly Market Wrap' for Friday, May 9, 2014. Please join us on Monday for the Week Ahead Market Report.

For MarketNewsVideo.com, I'm Sayoko Murase.