Midway through trading Friday, the Dow traded up 0.21 percent to 14,968.35 while the NASDAQ surged 0.21 percent to 3,666.32. The S&P also rose, gaining 0.31 percent to 1,660.23.
Top Headline
Smithfield Foods
SFD reported a
drop in its first-quarter profit.
Smithfield's quarterly profit dropped to $39.5 million, from $61.7 million, in the year-earlier period. Its earnings per share fell to $0.27 from $0.40.
Its revenue climbed to $3.4 billion from $3.1 billion. Analysts were expecting a profit of $0.47 per share.
Equities Trading UP
Quiksilver
ZQK shot up 31.58 percent to $6.84 after the company reported upbeat fiscal third-quarter earnings.
Shares of VeriFone Systems
PAY got a boost, shooting up 10.96 percent to $22.99 after the company reported
better-than-expected fiscal third-quarter results.
Finisar
FNSR was also up, gaining 2.23 percent to $23.35 after the company issued strong Q2 outlook.
Equities Trading DOWN
Shares of Mattress Firm Holding
- Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
- Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
- Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
were down 16.14 percent to $34.96 after the company reported
downbeat second-quarter results and lowered its forecast.
MannKind
MNKD shares tumbled 6.03 percent to $5.92 after analysts at
Bank of America downgraded the stock from Neutral to Underperform.
Smith & Wesson Holding
SWHC was down, falling 8.28 percent to $10.53 after the company issued a downbeat Q2 forecast.
Commodities
In commodity news,
oil traded up 1.63 percent to $110.14, while gold traded up 1.06 percent to $1,387.60.
Silver traded up 2.58 percent Friday to $23.86, while copper rose 0.48 percent to $3.26.
Euro zone
European shares
were higher today. The Spanish Ibex Index gained 1.23 percent, while Italy's FTSE MIB Index rose 1.21 percent. Meanwhile, the German DAX gained 0.49 percent and the French CAC 40 climbed 1.06 percent while U.K. shares rose 0.23 percent.
Economics
The US economy added 169,000 jobs in August, while the country's unemployment rate declined to 7.3% from 7.4%. Economists were expecting a 173,000 gain in jobs in August.
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MNKDMannKind Corp
$3.89-0.77%
Edge Rankings
Momentum
16.33
Growth
Not Available
Quality
Not Available
Value
24.26
Price Trend
Short
Medium
Long
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