Crude Oil Down 3%; Chevron Posts Mixed Q1 Results

Crescent Biopharma
Chevron Corporation
Esperion Therapeutics, Inc.
Five9, Inc.
Summit Therapeutics Inc

Crescent Biopharma

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Chevron Corporation

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Esperion Therapeutics, Inc.

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Five9, Inc.

FIVN

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Summit Therapeutics Inc

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U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling around 0.1% on Friday.

The Dow traded down 0.09% to 49,608.95 while the NASDAQ surged 1.06% to 25,157.20. The S&P 500 also rose, gaining, 0.50% to 7,245.21.

Leading and Lagging Sectors

Information technology shares jumped by 1.6% on Friday.

In trading on Friday, energy stocks fell by 1.3%.

Top Headline

Chevron Corporation (NYSE:CVX) reported mixed first-quarter results on Friday.

The company posted earnings of $2.2 billion, or $1.11 per share, down from $3.5 billion a year earlier. Adjusted EPS of $1.41 beat the $0.95 estimate, while revenue of $48.61 billion missed the $52.08 billion estimate.

Equities Trading UP
         

  • Esperion Therapeutics Inc (NASDAQ:ESPR) shares shot up 27% to $35.52 mid post-IPO volatility.
  • Shares of Five9 Inc (NASDAQ:FIVN) got a boost, surging 34% to $23.06 after the company reported better-than-expected first-quarter financial results and raised its FY26 guidance.
  • Atlassian Corp (NASDAQ:TEAM) shares were also up, gaining 29% to $88.35 after the company reported better-than-expected third-quarter financial results.

Equities Trading DOWN

  • Summit Therapeutics Inc (NASDAQ:SMMT) shares dropped 23% to $16.58 after the company reported first-quarter results.
  • Shares of Crescent Biopharma Inc (NASDAQ:CBIO) were down 19% to $18.06 following quarterly earnings.
  • LendingTree, Inc. (NASDAQ:TREE) was down, falling 19% to $40.01 after the company reported worse-than-expected first-quarter adjusted EPS results.

Commodities

In commodity news, oil traded down 3% to $101.93 while gold traded up 0.1% at $4,630.60.

Silver traded up 3.1% to $76.300 on Friday, while copper fell 0.3% to $5.9655.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.04%, while London's FTSE 100 fell 0.14%.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan's Nikkei gaining 0.38%.

Economics

  • The ISM manufacturing PMI came in unchanged at 52.7 in April, down from market expectations of 53.0.
  • The S&P Global manufacturing PMI was revised higher to 54.5 in April versus a preliminary reading of 54.0.

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