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Crude Oil Falls Sharply; Exxon Mobil Earnings Top Views
U.S. stocks traded lower toward the end of trading, with the S&P 500 falling more than 2% on Friday.
The Dow traded down 1.92% to 39,571.38 while the NASDAQ fell 2.56% to 16,754.04. The S&P 500 also fell, dropping, 2.15% to 5,329.56.
Leading and Lagging SectorsConsumer staples shares rose by 0.3% on Friday.
In trading on Thursday, consumer discretionary shares dipped by 5.4%.
Top Headline
Exxon Mobil Corporation (NYSE:XOM) reported better-than-expected second-quarter FY24 results on Friday.
Total revenues and other income stood at $93.060 billion, beating the consensus of $90.987 billion. Adjusted net profit came in at $9.24 billion, up from $8.22 billion in the prior quarter. Adjusted EPS stood at $2.14, beating the consensus of $2.01.
Equities Trading UP
VSee Health, Inc. (NASDAQ:VSEE) shares shot up 100% to $4.85 after the company announced an agreement with Ava Robotics to develop telepresence solutions for the inpatient intensive care market.
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