XRTX - Dow Falls 50 Points; American Express Earnings Top Views | Benzinga
U.S. stocks traded lower this morning, with the Dow Jones index falling around 50 points on Friday.
Following the market opening Friday, the Dow traded down 0.17% to 33,357.23 while the NASDAQ fell 0.18% to 13,161.86. The S&P 500 also fell, dropping, 0.18% to 4,270.49.
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Leading and Lagging Sectors
Consumer staples shares climbed by 0.5% on Friday.
In trading on Friday, consumer discretionary shares fell by 0.8%.
Top Headline
American Express Co (NYSE: AXP) reported better-than-expected earnings for the third quarter.
Revenue (net of interest expense) grew 12% year-on-year to $15.38 billion, beating the consensus of $15.36 billion. EPS of $3.30 beat the consensus of $2.94.
The company is on track to achieve revenue growth and EPS for the entire year, consistent with the annual guidance provided at the start of the year.
Equities Trading UP
XORTX Therapeutics Inc. (NASDAQ: XRTX) shares shot up 81% to $0.5779 after jumping 34% on Thursday.
Shares of Lipella Pharmaceuticals Inc. (NASDAQ: LIPO) got a boost, shooting 57% to $2.44. Lipella Pharmaceuticals announced ...