TCN - US Stocks Higher; Schlumberger Earnings Beat Estimates | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 50 points on Friday.
Following the market opening Friday, the Dow traded up 0.18% to 37,536.76 while the NASDAQ rose 0.38% to 15,113.04. The S&P 500 also rose, gaining, 0.19% to 4,790.00.
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Leading and Lagging Sectors
Information technology shares rose by 0.6% on Friday.
In trading on Friday, utilities shares fell by 0.3%.
Top Headline
Schlumberger Limited (NYSE: SLB) posted better-than-expected earnings for its fourth quarter.
SLB posted adjusted earnings of 86 cents per share, beating market estimates of 84 cents per share. The company’s quarterly sales came in at $8.99 billion versus expectations of $8.96 billion.
Equities Trading UP
Kaman Corporation (NASDAQ: KAMN) shares shot up 101% to $45.10 after the company announced it will be acquired by Arcline for $1.8 billion.
Shares of Processa Pharmaceuticals, Inc. (NASDAQ: PCSA) got a boost, surging 38% to $0.2800. Processa Pharmaceuticals announced plans to expand ...