Mid-Day Market Update: Crude Oil Drops Over 4%; Applied Materials Shares Gain On Earnings Beat

Midway through trading Friday, the Dow traded down 0.34 percent to 16,357.41 while the NASDAQ gained 0.20 percent to 4,496.68. The S&P also fell, dropping 0.24 percent to 1,913.32.

On Friday, technology shares rose by 0.12 percent. Meanwhile, top gainers in the sector included

, up 9 percent, and

up 5 percent. In trading on Friday, energy shares tumbled by 1.83 percent. Meanwhile, top losers in the sector included

, down 17 percent, and

, down 11 percent.

reported upbeat earnings for its fourth quarter, but the company lowered its fiscal-year guidance. Deere said that it earned $0.80 per share in the first quarter on revenue of $5.525 billion. Wall Street analysts were expecting the company to earn $0.70 per share on revenue of $4.94 billion. Deere expects its equipment sales to fall 8 percent in the second quarter and decrease about 10 percent for the fiscal year. Net income for the full year is now expected to be around $1.3 billion, versus earlier forecast of $1.4 billion.

shares shot up 15 percent to $66.61 after the company reported upbeat results for its fourth quarter. Shares of

got a boost, shooting up 28 percent to $8.00. Supreme Industries reported Q4 earnings of $0.22 per share on revenue of $67.716 million.

shares were also up, gaining 9 percent to $18.65 after the company reported better-than-expected earnings for its first quarter and issued a strong earnings forecast for the current quarter.

shares dropped 17 percent to $4.80 after the company reported weaker-than-expected results for the fourth quarter and issued a downbeat sales forecast. Shares of

were down 22 percent to $16.39. Trinity Industries reported upbeat earnings for the fourth quarter, but the company's revenue missed analysts' expectations. The company also issued weak earnings guidance for 2016.

was down, falling around 32 percent to $1.86. Internap posted adjusted Q4 loss of $0.14 per share, on revenue of $78.8 million. The company also issued a weak FY16 sales outlook.

In commodity news, oil traded down 4.10 percent to $29.51, while gold traded up 0.33 percent to $1,230.40. Silver traded down 0.27 percent Friday to $15.42, while copper fell 0.02 percent to $2.08.

European shares were lower today. The eurozone's STOXX 600 declined 1.18 percent, the Spanish Ibex Index fell 1.77 percent, while Italy's FTSE MIB Index declined 1.31 percent. Meanwhile, the German DAX dropped 1.35 percent, and the French CAC 40 slipped 1.15 percent, while U.K. shares fell 0.82 percent.

The consumer price index came in flat for January, versus economists' expectations for a 0.1 percent drop.