Nasdaq up over 2%; Fluor records declining earnings – Air Transport…

Nasdaq up over 2%; Fluor records declining earnings – Air Transport…

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US stocks traded higher towards the end of trade, with the Nasdaq Composite gaining over 250 points on Friday.

The Dow was up 1.55% to 33,642.02, while the NASDAQ was up 2.21% to 12,231.41. The S&P 500 was also up 1.83% to 4,135.59.

Look at that: Top 5 consumer stocks that could shoot higher this month

Leading and lagging sectors

  • Energy stocks rose 3.1% on Friday. Meanwhile top winner in the sector included Enviva Inc. Eveby 25% and Calumet Specialty Products Partners, LP CLMTincreased by 9%.
  • In Friday trading, utility shares were up just 0.4%.

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Fluor Corporation FLR reported weaker than expected earnings for the first quarter.

Fluor posted adjusted earnings of 28 cents per share, missing market expectations of 37 cents per share. The company’s quarterly revenue was $3.75 billion versus estimates of $3.55 billion.

Stock trading UP

  • Nanobiotix SA NBTX Shares soared 247% to $6.93 after the company announced that it will enter final contract negotiations after agreeing a non-binding term sheet for the development and commercialization of NBTXR3 with a major global pharmaceutical company.
  • shares of PacWest Bancorp PACW got a boost, rocketing 85% to $5.88 amid a possible rally after the stock fell over 50% on reports that the bank may be conducting strategic exploration options. The company issued an updated confirmation of the reports, saying discussions are ongoing while the bank evaluates all options to maximize shareholder value.
  • Owens & Minor, Inc. OMI Shares were also higher, gaining 38% to $18.70 after the company said first-quarter sales results were higher year-over-year.

Stocks are trading down

  • Soligenix, Inc. SNGX Shares fell 50% to $1.13. Soligenix priced its public offering of 6,538,500 shares at $1.30 per share.
  • shares of DermTech, Inc. DMTK declined 28% to $2.2684 after the company reported a higher-than-expected quarterly loss.
  • Air Transport Services Group, Inc. ATSG was down, falling 25% to $14.92 after the…



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