Following the market opening Friday, the Dow traded down 0.09 percent to 25,218.13 while the NASDAQ declined 0.19 percent to 7,620.30. The S&P also fell, dropping 0.10 percent to 2,767.61.
Leading and Lagging Sectors;
Friday morning, the consumer staples shares surged 0.86 percent. Meanwhile, top gainers in the sector included Monster Beverage Corporation MNST 4.52% up 5 percent, and Revlon, Inc. REV 8.14% up 3 percent.
In trading on Friday, information technology shares fell 0.38 percent.
Zumiez Inc. ZUMZ 1.3% reported better-than-expected results for its first quarter. The company also issued strong second-quarter guidance.
Earnings came in at $(0.10), beating estimates by 4 cents. Sales came in at $206 million, beating estimates by $5 million. First-quarter comps were up 8.3 percent, with comps up 7.5 percent in May.
Equities Trading UP;
EDAP TMS S.A. EDAP 58.81% shares shot up 68 percent to $3.71 after the company reported the FDA approval for Focal One.
Shares of TapImmune, Inc. TPIV 26.55% got a boost, shooting up 37 percent to $8.17. TapImmune reported the pricing of 17.5 million share common stock offering at $4 per share.
Stitch Fix, Inc. SFIX 11.08% shares were also up, gaining 11 percent to $21.79 after the company reported stronger-than-expected results for its third quarter. The company also announced the launch of Stitch Fix Kids.
Equities Trading DOWN;
MicroVision, Inc. MVIS 11.89% shares dropped 7 percent to $1.325 after reporting an $18 million common stock offering.
Shares of Iteris, Inc. ITI 5.7% were down 6 percent to $4.64 after the company posted downbeat Q4 results.
Lumentum Holdings Inc. LITE 4.58% was down, falling around 5 percent to $58.05 after the company reported the resignation of its CFO Aaron Tachibana.
In commodity news, oil traded down 0.41 percent to $65.68 while gold traded down 0.06 percent to $1,302.20.
Silver traded down 0.27 percent Friday to $16.77, while copper rose 0.23 to $3.2825.
European shares were lower today. The eurozone’s STOXX 600 fell 0.10 percent, the Spanish Ibex Index fell 0.91 percent, while Italy’s FTSE MIB Index declined 1.44 percent. Meanwhile the German DAX slipped 0.41 percent, and the French CAC 40 fell 0.03 percent while U.K. shares fell 0.09 percent.
US wholesale inventories rose 0.1 percent for April.
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.