Crude Oil Edges Higher; Phillips 66 Posts Wider-Than-Expected Loss

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 1% on Friday.

The Dow traded down 0.17% to 40,024.00 while the NASDAQ rose 0.96% to 17,330.36. The S&P 500 also rose, gaining, 0.45% to 5,509.57.

Check This Out: How To Earn $500 A Month From Domino’s Pizza Stock Ahead Of Q1 Earnings

Leading and Lagging Sectors

Communication services shares jumped by 0.9% on Friday.

In trading on Friday, materials fell by 1%.

Top Headline

Phillips 66 PSX reported a wider-than-expected loss for the first quarter on Friday.

The company posted quarterly revenue of $31.73 billion, beating the consensus of $31.33 billion. The company posted an adjusted loss of 90 cents per share, which missed the consensus of a loss of 72 cents per share.

Equities Trading UP

Coursera, Inc. COUR shares shot up 13% to $8.70 following better-than-expected quarterly results.
Shares of Baijiayun Group Ltd RTCgot a boost, surging 65% to $0.3053 as the company announced plans to invest tens of millions of dollars over next five years to establish new ecosystem for autism rehabilitation.
SES AI Corporation SES shares were also up, gaining 23% to $1.07 after the company reported better-than-expected first-quarter EPS results and authorized a $30 million share repurchase program.

Equities Trading DOWN

Start Futures Trading Fast — with a $200 Bonus

Join Plus500 today and get up to $200 to start trading real futures. Practice with free paper trading, then jump into live markets with lightning-fast execution, low commissions, and full regulatory protection.

Saia, Inc. SAIA shares dropped 30% to $249.41 following weaker-than-expected quarterly results.
Shares of Coeptis Therapeutics Holdings, Inc. COEP were down 36% to $8.00. Coeptis Therapeutics and Z Squared Inc. announced a merger agreement.
Lexaria Bioscience Corp. LEXX was down, falling 20% to $1.34 as the company announced a $2 million registered direct offering of common stock.

Commodities

In commodity news, oil traded up 0.3% to $62.97 while gold traded down 1.7% at $3,291.10.

Silver traded down 1.7% to $32.945 on Friday, while copper fell 1% to $4.8085.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.27%, Germany's DAX 40 gained 0.77% and France's CAC 40 gained 0.46%. Spain's IBEX 35 Index gained 1.13%, while London's FTSE 100 fell 0.03%.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 surging 1.90%, China's Shanghai Composite falling 0.07%, Hong Kong's Hang Seng Index gaining 0.32% and India's BSE Sensex falling 0.74%.

Economics

The University of Michigan consumer sentiment was revised higher to a reading of 52.2 in April versus a preliminary reading of 50.8, and compared to March's reading of 57.

Now Read This: