U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining 1.5% on Friday.

The Dow traded down 0.06% to 49,564.80 while the NASDAQ gained 1.50% to 26,191.87. The S&P 500 also rose, gaining, 0.79% to 7,394.79.

Leading and Lagging Sectors

Information technology shares jumped by 2.1% on Friday.

In trading on Friday, health care stocks fell by 0.9%.

Top Headline

Fluor Corp (NYSE:FLR) shares dipped around 12% on Friday after the company reported worse-than-expected first-quarter financial results.

Fluor reported quarterly earnings of 14 cents per share which missed the analyst consensus estimate of 62 cents per share. The company reported quarterly sales of $3.663 billion which missed the analyst consensus estimate of $3.894 billion.

Equities Trading UP
         

• Westrock Coffee Co (NASDAQ:WEST) shares shot up 39% to $8.18 after the company reported better-than-expected first-quarter sales results.
• Shares of Innodata Inc (NASDAQ:INOD) got a boost, surging 88% to $85.70 after the company reported better-than-expected first-quarter financial results and issued FY26 sales guidance above estimates.
• Nlight Inc (NASDAQ:LASR) shares were also up, gaining 24% to $81.88 after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates.

Equities Trading DOWN

• Artivion, Inc. (NYSE:AORT) shares dropped 30% to $24.85 after the company reported first-quarter financial results and cut its FY26 sales guidance with its midpoint below estimates.
• Shares of DXC Technology Co (NYSE:DXC) were down 28% to $8.62 after the company reported mixed fourth-quarter financial results and issued FY27 adjusted EPS guidance below estimates. Also, the company issued first-quarter guidance below estimates.
• Kodiak AI, Inc. (NASDAQ:KDK) was down, falling 30% to $6.40 after the company reported first-quarter financial results. The company announced a $100 million common stock and warrant private placement.

Commodities

In commodity news, oil traded up 1.1% to $95.85 while gold traded up 0.6% at $4,739.50.

Silver traded up 1.6% to $81.450 on Friday, while copper rose 1.6% to $6.2765.

Euro zone

European shares were lower today. The eurozone's STOXX 600 declined 0.4%, while Spain's IBEX 35 Index fell 0.4%. London's FTSE 100 fell 0.1%, Germany's DAX fell 0.8%, while France's CAC 40 declined 0.7%.

Asia Pacific Markets

Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 0.19%, Hong Kong's Hang Seng Index declining 0.87%, China's Shanghai Composite falling 0.003% and India's BSE Sensex falling 0.66%

Economics

• U.S. nonfarm payrolls rose by 115,000 jobs to comfortably beat the FactSet consensus estimate of a 65,000 rise.
• The unemployment rate remained unchanged at 4.3%.
• The University of Michigan's Consumer Sentiment Index fell to a record low of 48.2 in May, from 49.8 in the previous month and missing market estimates of 49.5.
• U.S. wholesale inventories rose by 1.3% month-over-month to $906.371 billion in March, compared to a 0.9% gain in February and versus a preliminary reading of 1.4%.

Photo via Shutterstock