HSCS - US Stocks Edge Higher; Applied Materials Posts Upbeat Earnings | Benzinga
U.S. stocks traded slightly higher this morning, with the Dow Jones index gaining around 10 points on Friday.
Following the market opening Friday, the Dow traded up 0.02% to 39,877.48 while the NASDAQ rose 0.01% to 16,699.04. The S&P 500 also rose, gaining, 0.03% to 5,298.61 .
Check This Out: Walmart To Rally Over 17%? Here Are 10 Top Analyst Forecasts For Friday
Leading and Lagging Sectors
Materials shares rose by 0.5% on Friday.
In trading on Friday, utilities shares fell by 0.2%.
Top Headline
Applied Materials Inc (NASDAQ:AMAT) reported better-than-expected financial results for the second quarter on Thursday.
Applied Materials said second-quarter revenue was flat on a year-over-year basis. The chip equipment company reported total revenue of $6.646 billion which beat the consensus estimate of $6.537 billion, according to Benzinga Pro. Applied Materials reported adjusted earnings of $2.09 per share, beating analyst estimates of $1.99 per share.
Equities Trading UP
- Fangdd Network Group Ltd. (NASDAQ:DUO) shares shot up 312% to $1.69. FangDD filed ...