NVAX - Dow Jumps Over 100 Points; DNOW Posts Downbeat Earnings | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index jumping over 100 points on Friday.
Following the market opening Friday, the Dow traded up 0.33% to 39,516.53 while the NASDAQ rose 0.43% to 16,416.55. The S&P 500 also rose, gaining, 0.38% to 5,233.70.
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Leading and Lagging Sectors
Information technology shares rose by 1% on Friday.
In trading on Friday, communication services shares fell by 0.2%.
Top Headline
DNOW Inc. (NYSE:DNOW) posted weaker-than-expected first-quarter financial results on Friday.
DNOW posted adjusted earnings of 21 cents per share, missing market estimates of 23 cents per share. The company's quarterly sales came in at $563.000 million, versus expectations of $569.150 million.
Equities Trading UP
- Novavax, Inc. (NASDAQ:NVAX) shares shot up 128% to $10.18 after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.
- Shares of ...