SBFM - Gold Jumps Over 2%; Wells Fargo Earnings Top Views | Benzinga
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Friday.
The Dow traded down 0.82% to 38,143.73 while the NASDAQ fell 1.16% to 16,252.28. The S&P 500 also fell, dropping, 0.98% to 5,147.87.
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Leading and Lagging Sectors
Energy shares rose by 0.9% on Friday.
In trading on Friday, information technology shares fell by 1.4%.
Top Headline
Wells Fargo & Company (NYSE: C) posted stronger-than-expected earnings for its first quarter.
Wells Fargo reported first-quarter earnings per share of $1.20, beating the analyst consensus of $1.09. Quarterly sales of $20.86 billion topped the Wall Street view of $20.20 billion.
Equities Trading UP
PaxMedica, Inc. (NASDAQ: PXMD) shares shot up 158% to $1.07 after the company announced the completed execution of three pivotal registration/validation batches of PAX-101.
Shares of EZGO Technologies Ltd. (NASDAQ: EZGO) got a boost, surging 90% to $2.9690. EZGO entered into a $1.84 million procurement agreement for sale of security patrol robots and platform.
NextPlat Corp (NASDAQ: NXPL) shares were also up, gaining 32% to $1.9987 after the company reported a year-over-year increase in FY23 consolidated revenue results. ...