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Toward the end of trading Friday, the Dow traded up 0.05 percent to 17,940.25 while the NASDAQ climbed 0.13 percent to 5,065.16. The S&P also rose, gaining 0.20 percent to 2,092.84.
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Leading and Lagging Sectors
Friday afternoon, healthcare shares gained by 0.99 percent. Meanwhile, top gainers in the sector included Cerus Corporation (NASDAQ: CERS), and Air Methods Corp (NASDAQ: AIRM).
In trading on Friday, telecommunications services shares fell by 0.29 percent. Meanwhile, top losers in the sector included Telecom Italia SpA (ADR) (NYSE: TI), down 4 percent, and Internet Initiative Japan Inc. (ADR) (NASDAQ: IIJI), down 3 percent.
Top Headline
Humana Inc (NYSE: HUM) delivered better than expected results for the third quarter. However, the company’s adjusted EPS forecast came in below the estimates.
Humana reported quarterly adjusted EPS of $3.18, beating estimates by $0.03. Its revenue of $13.69 billion exceeded expectations by $0.28 billion.
The company expects full adjusted EPS to be about $9.50, versus Street expectations of $9.51.
Equities Trading UP
ConforMIS Inc (NASDAQ: CFMS) shares shot up 35 percent to $9.14 after the company posted better-than-expected Q3 earnings.
Shares of Christopher & Banks Corporation (NYSE: CBK) got a boost, shooting up 24 percent to $1.50 after the company reported strong preliminary revenue for the third quarter.
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Bristow Group Inc (NYSE: BRS) shares were also up, gaining 18 percent to $12.07 after the company reported a smaller-than-expected Q2 loss.
Equities Trading DOWN
MDC Partners Inc (NASDAQ: MDCA) shares dropped 60 percent to $3.38. MDC Partners reported a Q3 loss of $0.64 per share on revenue of $349.3 million.
Shares of Invuity, Inc. (NASDAQ: IVTY) were down 44 percent to $5.20. Invuity reported a Q3 loss of $0.56 per share on revenue of $8.5 million.
NeoPhotonics Corp (NYSE: NPTN) was down, falling around 23 percent to $11.20 after the company posted downbeat Q3 results and issued a weak forecast the current quarter.
Commodities
In commodity news, oil traded down 1.16 percent to $44.14 while gold traded down 0.01 percent to $1,303.20.
Silver traded down 0.33 percent Friday to $18.36, while copper rose 0.60 percent to $2.26.
Eurozone
European shares closed lower today. The eurozone’s STOXX 600 declined 0.83 percent, the Spanish Ibex Index slipped 0.99 percent, while Italy’s FTSE MIB Index slipped 0.62 percent. Meanwhile the German DAX slipped 0.65 percent, and the French CAC 40 declined 0.78 percent while U.K. shares fell 1.43 percent.
Economics
The U.S. economy added 161,000 new jobs in October, while the unemployment rate declined tp 4.9 percent from 5 percent. Economists were expecting a gain of 175,000 nonfarm jobs.
The U.S. trade deficit dropped 10 percent to $36.4 billion in September, versus a revised $40.5 billion in August. However, economists were expecting a deficit of $36.9 billion. Exports increased 0.6 percent to $189.2 billion, while imports declined 1.3 percent to $225.6 billion in September.
Federal Reserve Vice Chairman Stanley Fischer will speak at the International Monetary Fund at 4:00 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.