U.S. stocks traded lower this morning, with the Nasdaq Composite dipping more than 2% on Friday.

Following the market opening Friday, the Dow traded down 1.50% to 43,468.44 while the NASDAQ dipped 2.22% to 20,653.99. The S&P 500 also fell, dropping, 1.71% to 6,231.17.

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Leading and Lagging Sectors

Consumer staples shares jumped by 0.7% on Friday.

In trading on Friday, consumer discretionary stocks dipped by 3.7%.

Top Headline

Apple Inc. (NASDAQ:AAPL) posted stronger-than-expected third-quarter results.

The iPhone maker reported fiscal third-quarter revenue of $94 billion, beating analyst estimates of $89.04 billion by 5.6%. Earnings per share came in at $1.57, surpassing the consensus estimate of $1.42 per share, according to Benzinga Pro data.

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Equities Trading DOWN

Commodities

In commodity news, oil traded down 1.9% to $67.97 while gold traded up 1.7% at $3,403.80.

Silver traded up 0.7% to $36.960 on Friday, while copper rose 0.9% to $4.3935.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 2%, while Spain's IBEX 35 Index dipped 2.1%. London's FTSE 100 fell 1%, Germany's DAX 40 declined 2.7% and France's CAC 40 fell 3% during the session.

Asia Pacific Markets

Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 0.66%, Hong Kong's Hang Seng falling 1.07%, China's Shanghai Composite dipping 0.37% and India's BSE Sensex falling 0.72%.

Economics

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