NXPL - Nasdaq Down 300 Points; BlackRock Posts Upbeat Earnings | Benzinga
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 500 points on Friday.
The Dow traded down 1.37% to 37,934.02 while the NASDAQ fell 1.82% to 16,142.15. The S&P 500 also fell, dropping, 1.61% to 5,115.54.
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Leading and Lagging Sectors
Utilities shares fell by just 0.7% on Friday.
In trading on Friday, materials shares dipped by 2%.
Top Headline
BlackRock, Inc. (NYSE: BLK) posted stronger-than-expected earnings for its first quarter.
Revenue growth of 11% Y/Y to $4.728 billion, beating the consensus of $4.676 billion. Adjusted EPS increased 24% Y/Y to $9.81, beating the consensus of $9.32.
Equities Trading UP
PaxMedica, Inc. (NASDAQ: PXMD) shares shot up 106% to $0.8542 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 31% to $2.04. 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 28% to $1.93 after the company reported a year-over-year increase in FY23 consolidated revenue results. NextPlat announced ...