NASDAQ Down 150 Points; Crude Oil Rises 1% U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping over 150 points on Friday. The Dow traded down 0.88% to 30,688.38 while the NASDAQ fell 1.38% to 11,393.33. The SP 500 also fell, dropping, 1.12% to 3,857.63. Also check this: Volatility In Markets Increases As Nasdaq Tumbles 200 Points Leading and Lagging Sectors Utilities shares climbed 0.1% on Friday. Meanwhile, top gainers in the sector included Azure Power Global Limited (NYSE: AZRE ), up 8% and TransAlta Corporation (NYSE: TAC ) up 3%. In trading on Friday, industrials shares fell by 2.1%. Top Headline FedEx Corp (NYSE: FDX ) issued preliminary results. The company said it now expects first-quarter revenue of approximately $23.2 billion and first-quarter adjusted earnings to be around $3.44 per share. FedEx has withdrawn its fiscal year 2023 earnings forecast. The company expects business conditions to weaken further in the second quarter. Equities Trading UP Applied Optoelectronics, Inc. (NASDAQ: AAOI ) shares shot up 34% to $3.35 after the company announced the sale of its Chinese manufacturing facilities to Yuhan Optoelectronic Technology for $150 million.