U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 1% on Friday.

The Dow traded down 0.17% to 40,024.00 while the NASDAQ rose 0.96% to 17,330.36. The S&P 500 also rose, gaining, 0.45% to 5,509.57.

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Leading and Lagging Sectors

Communication services shares jumped by 0.9% on Friday.

In trading on Friday, materials fell by 1%.

Top Headline

Phillips 66 (NYSE:PSX) reported a wider-than-expected loss for the first quarter on Friday.

The company posted quarterly revenue of $31.73 billion, beating the consensus of $31.33 billion. The company posted an adjusted loss of 90 cents per share, which missed the consensus of a loss of 72 cents per share.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded up 0.3% to $62.97 while gold traded down 1.7% at $3,291.10.

Silver traded down 1.7% to $32.945 on Friday, while copper fell 1% to $4.8085.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.27%, Germany's DAX 40 gained 0.77% and France's CAC 40 gained 0.46%. Spain's IBEX 35 Index gained 1.13%, while London's FTSE 100 fell 0.03%.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 surging 1.90%, China's Shanghai Composite falling 0.07%, Hong Kong's Hang Seng Index gaining 0.32% and India's BSE Sensex falling 0.74%.

Economics

The University of Michigan consumer sentiment was revised higher to a reading of 52.2 in April versus a preliminary reading of 50.8, and compared to March's reading of 57.

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