Crude Oil Gains 1%; Apple Shares Tumble After Q3 Results
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 200 points on Friday. The Dow traded up 0.38% to 52,406.69 while the NASDAQ rose 0.25% to 25,184.43. The S&P 500 also rose, gaining, 0.22% to 7,453.96. Leading and Lagging Sectors Consumer discretionary shares jumped by 5.6% on Friday. In trading on Friday, materials stocks fell by 2.7%. Top Headline Shares of Apple Inc (NASDAQ: AAPL ) fell more than 9% on Friday after the company posted results for the third quarter. Apple posted fiscal third-quarter revenue of $109.42 billion, beating analyst estimates of $108.65 billion. The Cupertino-based company reported earnings of $2.02 per share for the quarter, beating estimates of $1.89 per share, according to Pro. Apple said it sees fourth-quarter sales of $111.688 billion to $113.737 billion, versus estimates of $114.840 billion. Equities Trading UP...
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 200 points on Friday.
The Dow traded up 0.38% to 52,406.69 while the NASDAQ rose 0.25% to 25,184.43.
The S&P 500 also rose, gaining, 0.22% to 7,453.96.
Leading and Lagging Sectors Consumer discretionary shares jumped by 5.6% on Friday.
In trading on Friday, materials stocks fell by 2.7%.
Top Headline Shares of Apple Inc (NASDAQ: AAPL ) fell more than 9% on Friday after the company posted results for the third quarter.
Apple posted fiscal third-quarter revenue of $109.42 billion, beating analyst estimates of $108.65 billion.
The Cupertino-based company reported earnings of $2.02 per share for the quarter, beating estimates of $1.89 per share, according to Pro.
Apple said it sees fourth-quarter sales of $111.688 billion to $113.737 billion, versus estimates of $114.840 billion.
Equities Trading UP Newell Brands Inc (NASDAQ: NWL ) shares shot up 22% to $6.29 after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance.
Shares of AXT Inc (NASDAQ: AXTI ) got a boost, surging 20% to $55.88 after the company reported better-than-expected second-quarter financial results and issued strong third-quarter guidance.
Forum Energy Technologies Inc ( NYSE: FET ) shares were also up, gaining 20% to $61.43 after the company reported better-than-expected second-quarter financial results and raised its FY26 sales guidance above estimates.
Equities Trading DOWN Karyopharm Therapeutics Inc ( NASDAQ: KPTI ) shares dropped 68% to $2.27 after the company announced topline results from its Phase 3 XPORT-EC-042 trial did not meet its primary endpoint of progression free survival.
Shares of Myriad Genetics Inc ( NASDAQ: MYGN ) were down 42% to $3.10 after the company reported worse-than-expected second-quarter financial results.
Also, the company lowered its FY2026 sales guidance below estimates.
Roblox Corp (NYSE: RBLX ) was down, falling 29% to $34.32 following second-quarter results.
Commodities In commodity news, oil traded up 1% to $84.39 while gold traded down 1.5% at $4,098.30.
Silver traded down 2.2% to $57.67 on Friday, while copper fell 0.4% to $6.4495.
Euro zone European shares were mostly lower today.
The eurozone’s STOXX 600 slipped 0.1%, while Spain’s IBEX 35 Index fell 0.1% London’s FTSE 100 fell 0.2%, Germany’s DAX declined 0.1%, while France’s CAC 40 gained 0.3%.
Asia Pacific Markets Asian markets closed higher on Friday, with Japan’s Nikkei 225 surging 4.03%, Hong Kong’s Hang Seng index rising 0.01%, China’s Shanghai Composite gaining 0.72% and India’s BSE Sensex gaining 0.21%.
Economics U.S. employment costs increased by 0.9% in the second quarter, up from market estimates of a 0.8% rise.
The University of Michigan’s consumer sentiment index rose to 55.2 in July versus a preliminary reading of 54.0.
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