## US Stocks Trade Mixed: Dow Edges Up, Nasdaq Dips as Fluor Corporation Disappoints
The US stock market presented a mixed picture on Friday, with the Dow Jones Industrial Average showing a slight gain while the NASDAQ and S&P 500 experienced modest declines. The Dow climbed 0.20% to 43,817.98, indicating a positive sentiment in the market, while the NASDAQ slipped 0.10% to 19,250.88. The S&P 500 also saw a minor increase, rising 0.13% to 5,981.13.
Fluor Corporation’s Disappointing Earnings
One key factor influencing the market’s movement was Fluor Corporation’s (FLR) disappointing third-quarter financial results. The company reported earnings of 51 cents per share, falling short of analysts’ expectations of 76 cents per share. Furthermore, Fluor’s quarterly sales of $4.094 billion missed the anticipated $4.738 billion, highlighting a weaker performance than anticipated. This led to a decrease in Fluor’s share price as investors reacted to the negative news.
Top Gainers and Losers
While Fluor Corporation experienced a downturn, other companies saw significant gains in trading. Northann Corp (NCL) shares skyrocketed by 122% to $0.4977, demonstrating strong investor confidence. Tivic Health Systems, Inc. (TIVC) also saw a surge, rising 93% to $0.5030. Tivic Health® Systems is set to release its financial results on Thursday, Nov. 14, after market close, which might be driving the current optimism. FOXO Technologies Inc. (FOXO) also experienced a positive day, with its shares gaining 66% to $0.6130.
On the flip side, several companies saw significant declines in their share prices. ProPhase Labs, Inc. (PRPH) shares plunged 52% to $0.69 following the announcement of a public offering of common stock. Evolent Health, Inc. (EVH) shares also fell 42% to $14.34, driven by the company’s release of worse-than-expected third-quarter financial results. Nature’s Miracle Holding Inc. (NMHI) saw a substantial drop, falling 40% to $0.0891 after announcing a $3 million public offering.
Commodities and European Markets
In commodity news, oil prices traded down 1.2% to $71.47, indicating a softening of the energy sector. Gold, on the other hand, traded up 0.1% at $2,709.70. Silver also saw a slight increase, trading up 0.2% to $31.915, while copper fell 2% to $4.3430.
European markets displayed a mostly negative trend. The eurozone’s STOXX 600 index fell 0.5%, while Germany’s DAX and France’s CAC 40 declined by 0.7% and 0.8%, respectively. Spain’s IBEX 35 Index, however, rose 0.1%, while London’s FTSE 100 fell 0.6%. France’s trade gap widened to €8.3 billion in September, further contributing to the negative sentiment in the European markets.
Asia Pacific Markets
Asian markets ended the day mixed. Japan’s Nikkei 225 gained 0.30%, signaling positive economic sentiment in the region. However, Hong Kong’s Hang Seng Index fell 1.07%, China’s Shanghai Composite Index dipped 0.53%, and India’s BSE Sensex fell 0.07%, showcasing a mixed bag of performance across the Asian markets.
Key Economic Indicators
The University of Michigan consumer sentiment index will be released today, providing valuable insights into consumer confidence in the US economy. This report will be closely watched by investors and economists alike.
