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Gold Gains 1%; RBC Bearings Shares Rise After Q4 Results
U.S. stocks traded mixed midway through trading, with the NASDAQ Composite edging lower on Friday.
The Dow traded up 0.07% to 39,896.89 while the NASDAQ fell 0.02% to 16,695.66. The S&P 500 also rose, gaining, 0.01% to 5,297.40. .
Check This Out: Walmart To Rally Over 17%? Here Are 10 Top Analyst Forecasts For Friday
Leading and Lagging SectorsEnergy shares rose by 0.6% on Friday.
In trading on Friday, health care shares fell by 0.3%.
Top Headline
RBC Bearings Incorporated (NYSE:RBC) shares gained around 4% on Friday after it reported fourth-quarter FY24 results.
Net sales rose 4.9% Y/Y to $413.7 million, beating the consensus of $413.5 million. Adjusted EPS increased 16.0% Y/Y to $2.47, surpassing the street view of $2.36.
Equities Trading UP
Reddit, Inc. (NYSE:RDDT) shares shot up 15% to $65.09 after the company announced a partnership with OpenAI
Shares of Despegar.com, Corp. (NYSE:DESP) got a boost, surging 15% to $14.43 after the company reported better-than-expected quarterly sales results.
Doximity, ...