Toward the end of trading Friday, the Dow traded up 0.52% to 27925.22 while the NASDAQ rose 0.62% to 8,531.17. The S&P also rose, gaining 0.54% to 3,113.26.
Leading and Lagging Sectors
In trading on Friday, consumer staples shares fell 0.1%.
J C Penney Company Inc (NYSE: JCP) reported narrower-than-expected loss for its third quarter.
JC Penney reported third-quarter losses of $0.30 per share on Friday, which beat the analyst consensus estimate for a loss of $0.55 per share. The company reported quarterly sales of $2.5 billion, which missed the analyst consensus estimate of $2.51 billion.
Equities Trading UP
Farfetch Limited (NYSE: FTCH) shares shot up 29% to $9.66 after the company reported better-than-expected Q3 EPS and sales results.
Shares of RadNet, Inc. (NASDAQ: RDNT) got a boost, shooting up 14% to $18.09 after the company announced it would replace Gannett Co in the S&P SmallCap 600 starting November 20th, 2019.
Senmiao Technology Limited (NASDAQ: AIHS) shares were also up, gaining 171% to $1.15 after the company reported Q2 EPS and sales results up from last year.
Equities Trading DOWN
resTORbio, Inc. (NASDAQ: TORC) shares tumbled 85% to $1.16 after the company disclosed that its Phase 3 PROTECTOR 1 trial of RTB101 did not meet primary endpoint.
Shares of Limbach Holdings, Inc. (NASDAQ: LMB) were down 35% to $3.00 after the company announced weak Q3 earnings.
Yield10 Bioscience, Inc. (NASDAQ: YTEN) was down, falling 44% to $0.1505. Yield10 Bioscience priced 12.48 million Class A Units at $0.20 per unit for gross proceeds of $10.75 million.
In commodity news, oil traded up 1.7% to $57.72, while gold traded down 0.3% to $1,468.40.
Silver traded down 0.5% Friday to $16.95, while copper rose 0.6% to $2.636.
European shares were higher today. The eurozone’s STOXX 600 rose 0.40%, the Spanish Ibex Index rose 0.96%, while Italy’s FTSE MIB Index climbed 0.46%. Meanwhile, the German DAX gained 0.47%, and the French CAC 40 rose 0.65% while UK shares rose 0.14%.
U.S. retail sales rose 0.3% for October, versus economists’ expectations for a 0.2% increase.
The New York Empire State manufacturing index fell to 2.9 in November, versus prior reading of 4. However, analysts were expecting a reading of 5.
US import prices declined 0.5% in October, versus a revised 0.1% increase in the prior month. Export prices fell 0.1% in October, versus a 0.2% drop in the previous month.
U.S. industrial production fell 0.8% for October, versus economists’ expectations for a 0.4% decline.
U.S. business inventories were unchanged for September, versus economists’ expectations for a 0.1% rise.
The total number of active U.S. oil rigs fell by 10 to 674 rigs this week, Baker Hughes Inc reported.