US Stocks Mixed; Fluor Earnings Miss Views

U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 0.2% on Friday.

Following the market opening Friday, the Dow traded up 0.20% to 43,817.98 while the NASDAQ fell 0.10% to 19,250.88. The S&P 500 also rose, gaining, 0.13% to 5,981.13.

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Leading and Lagging Sectors

Utilities shares surged by 1% on Friday.

In trading on Friday, materials shares fell by 0.4%.

Top Headline

Fluor Corporation FLR reported worse-than-expected third-quarter financial results and cuts its FY24 adjusted EBITDA guidance.

Fluor reported quarterly earnings of 51 cents per share which missed the analyst consensus estimate of 76 cents per share. The company reported quarterly sales of $4.094 billion which missed the analyst consensus estimate of $4.738 billion.

Equities Trading UP
                       

• Northann Corp NCL shares shot up 122% to $0.4977.
• Shares of Tivic Health Systems, Inc. TIVC got a boost, surging 93% to $0.5030. Tivic Health® Systems will report financial results on Thursday, Nov. 14 after market close.
• FOXO Technologies Inc. FOXO shares were also up, gaining 66% to $0.6130.

Equities Trading DOWN

• ProPhase Labs, Inc. PRPH shares dropped 52% to $0.69 after the company reported the pricing of public offering of common stock.
• Shares of Evolent Health, Inc. EVH were down 42% to $14.34 after the company reported worse-than-expected third-quarter financial results.
• Nature’s Miracle Holding Inc. NMHI was down, falling 40% to $0.0891 after the company announced a $3 million public offering.

Commodities

In commodity news, oil traded down 1.2% to $71.47 while gold traded up 0.1% at $2,709.70.

Silver traded up 0.2% to $31.915 on Friday, while copper fell 2% to $4.3430.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 fell 0.5%, Germany's DAX fell 0.7% and France's CAC 40 fell 0.8%. Spain's IBEX 35 Index rose 0.1%, while London's FTSE 100 fell 0.6%.

The trade gap in France increased to €8.3 billion in September versus a revised €7.7 billion gap in the previous month, while current account deficit increased to €2.1 billion in September.

Asia Pacific Markets

Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 gaining 0.30%, Hong Kong's Hang Seng Index falling 1.07%, China's Shanghai Composite Index dipping 0.53% and India's BSE Sensex falling 0.07%.

Foreign exchange reserves held by the Reserve Bank of India declined to $682.1 billion as of Nov. 1. China reported a current account surplus of $149.6 billion during the third quarter compared to the $60.8 billion surplus in the year-ago period. Japan’s household spending declined by 1.1% year-over-year in September.

Economics

The University of Michigan consumer sentiment index will be released today.

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