XOM - S&P 500 Gains 1%; Exxon Mobil Posts Downbeat Earnings | Benzinga
U.S. stocks traded higher midway through trading, with the S&P 500 gaining around 1% on Friday.
The Dow traded up 0.41% to 38,243.14 while the NASDAQ rose 2.00% to 15,923.52. The S&P 500 also rose, gaining, 1.02% to 5,099.85.
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Leading and Lagging Sectors
Communication services shares rose by 4.1% on Friday.
In trading on Friday, energy shares dipped by 2%.
Top Headline
Exxon Mobil Corporation (NYSE:XOM) reported downbeat earnings for its first quarter on Friday.
Total revenues and other income stood at $83.083 billion, beating the consensus of $78.352 billion. Adjusted EPS stood at $2.06, missing the consensus of $2.20.
Equities Trading UP
- Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) shares shot up 85% to $1.33 after the company entered an exclusive license agreement with Rapamycin Holdings for the rights to eRapa.
- Shares of Focus Universal Inc. (NASDAQ:FCUV) got a boost, surging 47% to $0.4150 after the company announced board approval for the spin-off of Lusher.
- Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares were also up, gaining ...