Why U.S. Stocks Are Trading Mixed; Verizon Lowers FY22 Guidance
U.S. stocks traded mixed this morning, with the Dow Jones gaining around 60 points on Friday. The Dow traded up 0.19% to 32,097.64 while the NASDAQ fell 0.56% to 11,991.64. The SP also fell, dropping, 0.06% to 3,996.39. Also check this: Bitcoin, Ethereum Edge Lower, Here Are The Top Crypto Movers For Friday Leading and Lagging Sectors Utilities shares rose 1.4% on Friday. Meanwhile, top gainers in the sector included NextEra Energy Partners, LP (NYSE: NEP ), up 3% and NextEra Energy, Inc. (NYSE: NEE ) up 3%. In trading on Friday, communication services shares fell 2.7%. Top Headline Verizon Communications Inc. (NYSE: VZ ) reported weaker-than-expected earnings for its second quarter and lowered its guidance. Verizon posted adjusted earnings of $1.31 per share, missing analysts’ estimates of $1.32 per share. The company’s quarterly sales came in at $33.80 billion, versus expectations of $33.77 billion. Verizon lowered its FY22 adjusted EPS guidance from $5.40-$5.55 to $5.10-$5.25. Equities Trading UP Pagaya Technologies Ltd. (NASDAQ: PGY ) shares shot up 86% to $9.96.
Why U.S. Stocks Are Trading Mixed; Verizon Lowers FY22 Guidance
U.S. stocks traded mixed this morning, with the Dow Jones gaining around 60 points on Friday. The Dow traded up 0.19% to 32,097.64 while the NASDAQ fell 0.56% to 11,991.64. The SP also fell, dropping, 0.06% to 3,996.39. Also check this: Bitcoin, Ethereum Edge Lower, Here Are The Top Crypto Movers For Friday Leading and Lagging Sectors Utilities shares rose 1.4% on Friday. Meanwhile, top gainers in the sector included NextEra Energy Partners, LP (NYSE: NEP ), up 3% and NextEra Energy, Inc. (NYSE: NEE ) up 3%. In trading on Friday, communication services shares fell 2.7%. Top Headline Verizon Communications Inc. (NYSE: VZ ) reported weaker-than-expected earnings for its second quarter and lowered its guidance. Verizon posted adjusted earnings of $1.31 per share, missing analysts’ estimates of $1.32 per share. The company’s quarterly sales came in at $33.80 billion, versus expectations of $33.77 billion. Verizon lowered its FY22 adjusted EPS guidance from $5.40-$5.55 to $5.10-$5.25. Equities Trading UP Pagaya Technologies Ltd. (NASDAQ: PGY ) shares shot up 86% to $9.96.