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Following the market opening Friday, the Dow traded up 0.25% to 36,012.29 while the NASDAQ rose 0.24% to 15,741.23. The S&P also rose, gaining 0.14% to 4,655.99.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 47,693,510 cases with around 780,770 deaths. India confirmed a total of at least 34,414,180 cases and 462,690 deaths, while Brazil reported over 21,926,520 COVID-19 cases with 610,320 deaths. In total, there were at least 252,785,840 cases of COVID-19 worldwide with more than 5,098,390 deaths, according to data compiled by Johns Hopkins University.
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Leading and Lagging Sectors
Communication services shares gained by 0.7% on Friday. Meanwhile, top gainers in the sector included Roblox Corporation (NYSE:RBLX), up 6% and Kanzhun Limited (NASDAQ:BZ) up 4%.
In trading on Friday, utilities shares fell 0.4%.
Top Headline
AstraZeneca PLC (NASDAQ:AZN) said its COVID-19 vaccine made a small contribution to earnings in Q3. It expects the shot to move to "modest profitability" on new orders.
AstraZeneca reported quarterly core earnings of $1.08 per share, beating analysts’ estimates of $0.62 per share. Total revenue jumped 50% year-over-year to $9.87 billion, in line with the consensus. In Q3, the Company posted $1.05 billion in COVID-19 vaccine sales.
AstraZeneca reaffirmed its FY21 adjusted EPS guidance at $5.05 - $5.40.
Equities Trading UP
Everspin Technologies, Inc. (NASDAQ:MRAM) shares shot up 43% to $9.39 after the company reported better-than-expected Q3results and issued Q4 sales guidance above estimates.
Shares of Hyzon Motors Inc. (NASDAQ:HYZN) got a boost, shooting 19% to $7.47 after the company reported third-quarter revenue of $0.962 million and EPS of $0.13. The company had recorded first vehicle revenues during the quarter.
Stran & Company, Inc.. (NASDAQ:STRN) shares were also up, gaining 21% to $5.88. The company recently priced its IPO at $4.15 per unit.
Check out these big movers of the day
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Equities Trading DOWN
Team, Inc. (NYSE:TISI) shares tumbled 42% to $1.5650 after the company reported worse-than-expected Q3 EPS and sales results.
Shares of Acutus Medical, Inc. (NASDAQ:AFIB) were down 40% to $3.9896. Acutus Medical reported third-quarter revenues of $4.6 million, up from $3.2 million a year ago. The non-GAAP loss per share narrowed from 90 cents to 87 cents. The results trailed expectations. Citing COVID-19 related uncertainty, the company lowered its full-year revenues guidance to $17 million to $17.5 million, below the $22.46 million consensus estimates.
Oncorus, Inc. (NASDAQ:ONCR) was down, falling 41% to $6.55. Oncorus reported initial safety, tolerability, immune activation and positive clinical response data from its ongoing Phase 1 clinical study of ONCR-177, its lead viral immunotherapy candidate, at the SITC 2021.
Commodities
In commodity news, oil traded down 1.5% to $80.41, while gold traded down 0.6% to $1,852.20.
Silver traded down 1.3% Friday to $24.985 while copper fell 0.3% to $4.3850.
Euro zone
European shares were mostly flat today. The eurozone’s STOXX 600 gained 0.1%, the Spanish Ibex Index fell 0.1% and the German DAX 30 gained 0.1%. Meanwhile, the London’s FTSE 100 fell 0.5%, French CAC 40 rose 0.2% and Italy’s FTSE MIB rose 0.1%.
Spain's annual inflation accelerated for a fourth consecutive month to 5.4% in October, while wholesale prices in Germany surged 15.2% year-over-year in October.
Economics
The University of Michigan's consumer sentiment index dropped to 66.8 in November from 71.7 in October.
The number of job openings fell by 191,000 from a month ago to 10.4 million in September.
Federal Reserve Bank of New York President John Williams is set to speak at 12:10 p.m. ET.
The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
Check out the full economic calendar here
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.