Crude Oil Down Over 4%; Verizon Raises Earnings Forecast

U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining more than 100 points on Friday. The Dow traded up 0.20% to 51,815.71 while the NASDAQ declined 0.13% to 25,105.02. The S&P 500 also rose, gaining, 0.04% to 7,411.02. Leading and Lagging Sectors Real estate shares jumped by 2.3% on Friday. In trading on Friday, information technology stocks fell by 0.8%. Top Headline Verizon Communications Inc. (NYSE: VZ ) reported better-than-expected second-quarter earnings, while revenue narrowly missed expectations. Adjusted earnings came in at $1.30 per share, above the analyst consensus estimate of $1.27, according to Pro. Revenue totaled $34.25 billion, missing the $35.11 billion estimate. GAAP diluted earnings per share fell 22% year over year to 92 cents, while net income declined 22.9% to $3.9 billion. Verizon raised its full-year adjusted EPS guidance to a rang...