MNTS - Dow Dips 200 Points; JPMorgan Posts Upbeat Earnings | Benzinga
U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 200 points on Friday.
Following the market opening Friday, the Dow traded down 0.56% 37,498.15 while the NASDAQ fell 0.18% to 14,942.82. The S&P 500 also fell, dropping, 0.13% to 4,774.05.
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Leading and Lagging Sectors
Energy shares jumped by 1% on Friday.
In trading on Friday, consumer discretionary shares fell by 0.8%.
Top Headline
JPMorgan Chase & Co (NYSE: JPM) reported better-than-expected earnings for its fourth quarter on Friday.
JPMorgan Chase reported quarterly net revenue (managed) of $39.943 billion, up 12% Y/Y, beating the consensus of $39.778 billion. EPS was $3.97, beating the consensus of $3.32.
Equities Trading UP
Applied UV, Inc. (NASDAQ: AUVI) shares shot up 30% to $2.94 after the company announced the launch of its Fighter Flex LED solution at the upcoming AHR Expo on Jan. 22.
Shares of Flexsteel Industries, Inc. (NASDAQ: FLXS) got a boost, surging 24% to $22.36 after the company reported strong preliminary results for the second quarter. The company said it sees preliminary earnings of 57 cents per share, versus analysts’ estimates of 27 cents per ...