SYTA - Crude Oil Rises Sharply; Chevron Earnings Miss Views | Benzinga
U.S. stocks traded mostly lower toward the end of trading, with the Dow Jones index falling more than 350 points on Friday.
The Dow traded down 1.10% to 32,423.54 while the NASDAQ rose 0.09% to 12,606.87. The S&P 500 also fell, dropping, 0.66% to 4,109.92.
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Leading and Lagging Sectors
Consumer discretionary shares rose by 2% on Friday.
In trading on Friday, energy shares dipped by 2.4%.
Top Headline
Chevron Corp (NYSE: CVX) reported weaker-than-expected earnings for its third quarter.
Chevron reported quarterly total revenues and other income of $54.1 billion, beating the consensus of $51.44 billion. Adjusted EPS came in at $3.05, missing the consensus of $3.75.
Equities Trading UP
NerdWallet, Inc. (NASDAQ: NRDS) shares shot up 38% to $9.16 following strong quarterly results.
Shares of Customers Bancorp, Inc. (NYSE: CUBI) got a boost, shooting 15% to $38.66 after the company posted stronger-than-expected quarterly results.
Deckers Outdoor Corporation (NYSE: DECK) shares were also up, gaining 19% to $577.19 after the company reported better-than-expected second-quarter sales results. The company also raised ...