Mid-Day Market Update: Crude Oil Slides Over 1%; American Apparel Shares Jump
Editor's note: An earlier version of this article cited incorrect information from Wednesday's market movers. The error has been corrected.
Midway through trading Friday, the Dow traded up 0.24 percent to 18,072.51 while the NASDAQ climbed 0.61 percent to 4,802.76. The S&P also rose, gaining 0.40 percent to 2,090.29.
Leading And Lagging Sectors
In trading on Friday, non-cyclical consumer goods & services shares rose by just 0.21 percent. Meanwhile, top decliners in the sector included Cal-Maine Foods, Inc. (NASDAQ: CALM), down 5.6 percent, and K12, Inc. (NYSE: LRN), off 2.6 percent.
According to a company press release, more than 10 million new members worldwide tried Prime for the first time.
Equities Trading UP
Juno Therapeutics Inc. (NASDAQ: JUNO) shares shot up 6.89 percent to $42.75 after climbing 7.27 percent on Wednesday.
Shares of Gilead Sciences Inc. (NASDAQ: GILD) got a boost, shooting up 2.15 percent to $93.25. The rise in the stock may be attributed to a possible report by analysts at RBC stating that the company could launch a buyback program of $10 billion or more.
American Apparel, Inc. (NYSE: APP) shares were also up, gaining 2.83 percent to $1.09 following a report that the company is weighing “strategic options.”
Equities Trading DOWN
Shares of Sphere 3D Corporation (NYSE: ANY) were down 3.17 percent to $5.80. Industrial Networking Solutions has selected Sphere 3D's SnapServer network attached storage for video surveillance and security solution.
NQ Mobile Inc. (NYSE: NQ) was down, falling 5.32 percent to $4.09. NQ Mobile announced annual general meeting results.
In commodity news, oil traded down 1.13 percent to $55.21, while gold traded up 1.82 percent to $1,194.80.
Silver traded up 2.55 percent Friday to $16.11, while copper fell 1.61 percent to $2.81.
European shares were closed on Friday.
Data on money supply will be released at 4:30 a.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.