Nasdaq Jumps Over 1%; Exxon Mobil Posts Upbeat Revenue

Crescent Biopharma
Esperion Therapeutics, Inc.
Five9, Inc.
Summit Therapeutics Inc
Atlassian

Crescent Biopharma

CBIO

0.00

Esperion Therapeutics, Inc.

ESPR

0.00

Five9, Inc.

FIVN

0.00

Summit Therapeutics Inc

SMMT

0.00

Atlassian

TEAM

0.00

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 1% on Friday.

The Dow traded up 0.05% to 49,676.38 while the NASDAQ surged 1.13% to 25,173.84. The S&P 500 also rose, gaining, 0.58% to 7,251.06.

Leading and Lagging Sectors

Information technology shares jumped by 1.6% on Friday.

In trading on Friday, energy stocks fell by 1.5%.

Top Headline

Exxon Mobil Corp. (NYSE:XOM) reported better-than-expected results for the first quarter.

Adjusted earnings were $4.9 billion, or $1.16 per share, while earnings excluding identified items and estimated timing effects were $8.8 billion, or $2.09 per share.

The company beat expectations, with adjusted EPS of $1.16 exceeding the $1.15 estimate. Total revenues and other income rose to $85.14 billion from $83.13 billion a year earlier, beating estimates of $82.18 billion.

Equities Trading UP
         

  • Esperion Therapeutics Inc (NASDAQ:ESPR) shares shot up 56% to $3.12 after the company announced it will be acquired by ARCHIMED.
  • Shares of Five9 Inc (NASDAQ:FIVN) got a boost, surging 31% to $22.48 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 28% to $87.81 after the company reported better-than-expected third-quarter financial results.

Equities Trading DOWN

  • Summit Therapeutics Inc (NASDAQ:SMMT) shares dropped 23% to $16.52 after the company reported first-quarter results.
  • Shares of Crescent Biopharma Inc (NASDAQ:CBIO) were down 20% to $17.92 following quarterly earnings.
  • LendingTree, Inc. (NASDAQ:TREE) was down, falling 18% to $40.48 after the company reported worse-than-expected first-quarter adjusted EPS results.

Commodities

In commodity news, oil traded down 3.5% to $101.38 while gold traded up 0.3% at $4,641.90.

Silver traded up 3.4% to $76.535 on Friday, while copper rose 0.1% to $5.9820.

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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