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US stock indices fall in trading on Friday

US stock indices fall in trading on Friday
US stock indices fall in trading on Friday
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US stock indices fall in trading on Friday

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US stock indices fall in trading on Friday

Last day of trading this week

US stock indices fell slightly on Friday as investors continued to digest policy signals from the Federal Reserve.

The Dow Jones Industrial Average index fell 63.46 points to 34,520.11, while the S&P 500 and Nasdaq Composite indices fell 0.42 per cent and 1.13 per cent respectively.

These stocks opened in the positive: Heartland Financial USA (NASDAQ: HTLF), Myriad Genetics (NASDAQ: MYGN), Sally Beauty Holdings (NYSE: SBH), Trinseo (NYSE: TSE), Compass Diversified Holdings (NYSE: CODI), Ready Capital (NYSE: RC), Materion (NYSE: MTRN).

Shares of such companies opened in the negative: Oscar Health (NYSE: OSCR), Supermicro (NASDAQ: SMCI), Adaptive Biotechnologies (NASDAQ: ADPT), ArcBest (NASDAQ: ARCB), Infinera (NASDAQ: INFN), Palomar Holdings (NASDAQ: PLMR), Clean Energy Fuels (NASDAQ: CLNE), Xometry (NASDAQ: XMTR), Cardlytics (NASDAQ: CDLX).

Designer Brands (NYSE: DBI) shares rose 5% after the company raised its full-year earnings guidance and reinstated its quarterly dividend ahead of its annual investor day.

Shares of WD-40 (NASDAQ: WDFC) rose 11% after the company reported better-than-expected earnings of $1.41 per share in Q2nd fiscal 2022.

Kroger (NYSE: KR) shares rose 3%, while Robinhood Markets (NASDAQ: HOOD) shares fell 7%.

Also, it is worth noting that 10-year Treasury bond yields briefly hit 2.7% on Friday morning.

Oil is rising in price on Friday as the announced planned release of 240 million barrels from emergency stocks offset some concerns about supply cuts from Russia caused by Western sanctions.

Companies23 in the news

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Section: business
Source foto: flickr.com

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