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Following the market opening Friday, the Dow traded down 0.40% to 26271.97 while the NASDAQ fell 0.79% to 7975.97. The S&P also fell, dropping 0.54% to 2922.13.
Leading and Lagging Sectors
Health care shares rose 0.02% on Friday. Meanwhile, top gainers in the sector included Puma Biotechnology, Inc. (NASDAQ:PBYI), up 27%, and Cutera, Inc. (NASDAQ:CUTR), up 22%.
In trading on Friday, information technology shares fell 1%.
Top Headline
Uber Technologies Inc. (NYSE:UBER) reported weaker-than-expected results for its second quarter on Thursday.
Uber reported a wider-than-expected loss of $4.72 per share versus a consensus estimate of a $3.20 per share loss. Uber's quarterly revenue rose 14% from $2.7 billion in the second quarter of 2018 to $3.2 billion.
The ride-hailing service reached the 100-million mark in monthly active platform consumers for the first time in July and posted 35% year-over-year growth in trips and 37% year-over-year growth in gross bookings, according to Uber.
Equities Trading UP
Arcadia Biosciences, Inc. (NASDAQ:RKDA) shares shot up 47% to $2.96 after Verdeca received USDA approval of HB4 drought tolerant soybeans.
Shares of Puma Biotechnology, Inc. (NASDAQ:PBYI) got a boost, shooting up 26% to $11.63 after the company reported better-than-expected Q2 EPS and sales results.
InnerWorkings, Inc. (NASDAQ:INWK) shares were also up, gaining 23% to $3.49 after reporting upbeat Q2 earnings.
Equities Trading DOWN
Waitr Holdings Inc. (NASDAQ:WTRH) shares tumbled 48% to $1.97 after the company reported worse-than-expected Q2 EPS and sales results and lowered FY19 revenue guidance.
Shares of ViewRay, Inc. (NASDAQ:VRAY) were down 48% to $3.50 after the company reported Q2 results.
Farfetch Limited (NYSE:FTCH) was down, falling 39% to $11.20 after the company reported Q2 results.
Commodities
In commodity news, oil traded up 1.2% to $53.15, while gold traded down 0.1% to $1,508.80.
Silver traded up 0.1% Friday to $16.945, while copper rose 0.2% to $2.6115.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 0.5%, the Spanish Ibex Index fell 1.1%, while Italy’s FTSE MIB Index dropped 2.4%. Meanwhile, the German DAX dropped 1%, and the French CAC 40 fell 0.8% while UK shares fell 0.1%.
Economics
The Producer Price Index rose 0.2% for July, versus economists’ expectations for a 0.2% gain.
The Baker Hughes North American rig count report for the recent week will be released at 1:00 p.m. ET.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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