U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 400 points on Friday.

The Dow traded down 1.64% to 41,935.30 while the NASDAQ dipped 2.15% to 19,060.79. The S&P 500 also fell, dropping, 1.77% to 5,813.73.

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Leading and Lagging Sectors

Energy shares rose by 0.6% on Friday.

In trading on Friday, information technology shares tumbled by 2.1%.

Top Headline

On Friday, Walgreens Boots Alliance Inc (NASDAQ:WBA) reported better-than-expected first-quarter results.

The company posted quarterly sales of $39.46 billion, up 7.5% year over year (+6.9% on constant currency), beating the consensus of $37.28 billion, reflecting sales growth across all segments.

Adjusted EPS was 51 cents, down from 66 cents a year ago, beating the consensus of 37 cents, according to data from Benzinga Pro.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded up 2.4% to $75.67 while gold traded up 1% at $2,716.70.

Silver traded up 1% to $31.315 on Friday, while copper fell 0.2% to $4.2995.

Euro zone

European shares were lower today. The eurozone's STOXX 600 declined 0.79%, Germany's DAX 40 fell 0.44% and France's CAC 40 dipped 0.85%. Spain's IBEX 35 Index fell 1.43%, while London's FTSE 100 slipped 0.83%.

Asia Pacific Markets

Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 1.05%, China's Shanghai Composite Index dipping 1.33%, Hong Kong's Hang Seng Index declining 0.92% and India's BSE Sensex falling 0.31%.

Economics

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