Market Overview

Mid-Afternoon Market Update: Dow Rises Over 100 Points; EyeGate Pharmaceuticals Shares Spike Higher


Toward the end of trading Friday, the Dow traded up 0.43% to 27,886.19 while the NASDAQ rose 0.08% to 8,513.05. The S&P also rose, gaining 0.20% to 3,109.85.

Leading and Lagging Sectors

Financial shares climbed 0.7% on Friday. Meanwhile, top gainers in the sector included Qudian Inc. (NYSE: QD), up 10%, and FinVolution Group (NYSE: PPDF), up 8%.

In trading on Friday, real estate shares fell 0.4%.

Top Headline

Foot Locker, Inc. (NYSE: FL) reported upbeat earnings for its third quarter, while sales missed views.

Foot Locker reported third-quarter earnings of $1.13 per share, beating analysts’ estimates of $1.08 per share. The company reported quarterly sales of $1.932 billion, which missed the analyst consensus estimate of $1.94 billion. Its same-store sales climbed 5.7% year-over-year.

Equities Trading UP

EyeGate Pharmaceuticals, Inc. (NASDAQ: EYEG) shares shot up 49% to $6.82. The company reported topline data for its ocular bandage gel eye drop. The data showed the company's drop was superior to the current standard-of-career.

Shares of Stage Stores, Inc. (NYSE: SSI) got a boost, shooting up 33% to $4.50. Stage Stores shares surged 52% on Thursday after the company reported Q3 results.

Hibbett Sports, Inc. (NASDAQ: HIBB) shares were also up, gaining 15% to $28.71 after the company reported better-than-expected Q3 EPS and sales results. The company also raised its FY20 EPS guidance above analyst estimates and raised its FY20 comps guidance from 1-2% to 4-6%.

Equities Trading DOWN

Arcimoto, Inc. (NASDAQ: FUV) shares tumbled 26% to $1.6550. Arcimoto priced its 5 million share common stock offering at $1.80 per share.

Shares of Danaos Corporation (NYSE: DAC) were down 26% to $5.63. Danaos priced offering of 9,000,000 shares of its common stock at $6.00 per share.

Helius Medical Technologies, Inc. (NASDAQ: HSDT) was down, falling 35% to $0.3865 after the company announced a public offering with no size disclosed.


In commodity news, oil traded down 1.2% to $57.90, while gold traded down 0.1% to $1,463.00.

Silver traded down 0.4% Friday to $16.99, while copper rose 0.7% to $2.6425.

Euro zone

European shares closed mostly higher today. The eurozone’s STOXX 600 rose 0.44%, the Spanish Ibex Index rose 0.44%, while Italy’s FTSE MIB Index slipped 0.09%. Meanwhile, the German DAX rose 0.20%, and the French CAC 40 rose 0.20% while UK shares rose 1.22%.


The IHS Markit composite PMI climbed to 51.9 in November, compared to 50.9 in the prior month. The IHS Markit services PMI surged to 51.6 in November from 50.6, while manufacturing PMI surged to 52.2 in November from 51.3.

The University of Michigan's consumer sentiment index rose to 96.8 in November, versus a reading of 95.5 in October.

The total number of active U.S. oil rigs slipped by 3 to 671 rigs this week, Baker Hughes Inc reported.


Related Articles (DAC + EYEG)

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Posted-In: Mid-Afternoon Market UpdateEarnings News Eurozone Commodities Global Intraday Update Markets

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