Toward the end of trading Friday, the Dow traded down 0.60% to 33,856.90 while the NASDAQ fell 0.85% to 13,963.27. The S&P also fell, dropping 0.73% to 4,180.66.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 32,289,790 cases with around 575,190 deaths. India confirmed a total of at least 18,762,970 cases and 208,330 deaths, while Brazil reported over 14,590,670 COVID-19 cases with 401,180 deaths. In total, there were at least 150,589,470 cases of COVID-19 worldwide with more than 3,167,830 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
In trading on Friday, energy shares fell 2.2%.
Amazon reported first-quarter revenue of $108.5 billion, beating the $104.5-billion street estimate. Revenue increased 44% year-over-year. Earnings per share were $15.79, beating an estimate of $9.54.
Equities Trading UP
Image Sensing Systems, Inc. (NASDAQ: ISNS) shares shot up 20% to $5.52 after the company announced it initiated a quarterly dividend of $0.12 per share, authorized a 220,000 share buyback and announced the implementation of a holding company reorganization.
Shares of CryoLife, Inc. (NYSE: CRY) got a boost, shooting 20% to $28.15 after the company reported better-than-expected Q1 results. Needham maintained Cryolife with a Buy and raised the price target from $33 to $38.
Mesoblast Limited (NASDAQ: MESO) shares were also up, gaining 11% to $8.00 after the company announced 60-day results from the randomized controlled trial of remestemcel-L in COVID-19 patients with moderate/severe acute respiratory distress syndrome (ARDS), which had been halted after the third interim analysis, as previously announced.
Equities Trading DOWN
MicroVision, Inc. (NASDAQ: MVIS) shares tumbled 19% to $14.53 after the company reported downbeat Q1 results.
Shares of Cirrus Logic, Inc. (NASDAQ: CRUS) were down 15% to $72.93 after the company reported worse-than-expected Q4 results and issued weak Q1 sales guidance.
NeoPhotonics Corporation (NASDAQ: NPTN) was down, falling 18% to $9.23 after the company issued weak forecast for the second quarter.
In commodity news, oil traded down 2.5% to $63.36, while gold traded up 0.1% to $1,769.60.
Silver traded down 0.5% Friday to $25.965 while copper fell 0.7% to $4.4540.
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.31%, the Spanish Ibex Index fell 0.09% and the German DAX 30 dropped 0.12%. Meanwhile, the French CAC 40 fell 0.53% London’s FTSE 100 rose 0.12% and Italy’s FTSE MIB dropped 0.56%.
Eurozone unemployment rate fell to 8.1% in March from 8.2% in the previous month, while the region’s economy contracted 0.6%on quarter in January-March 2021. German GDP shrank 1.7% on quarter during the three months to March 2021, while French economy grew 0.4% quarter-on-quarter in the first quarter.
Spain’s current account deficit increased to EUR 1.71 billion in February from EUR 1.37 billion in the year-ago month. Retail sales in Spain climbed 14.9% year-over-year in March, while GDP shrank 0.5%on quarter during the three months to March 2021.
The employment cost index increased 0.9% on quarter during the three months to March 2021.
US personal income surged 21.1% month-over-month in March, while personal spending rose 4.2%.
The Chicago PMI rose 5.8 points to a reading of 72.1 in April.
The University of Michigan’s consumer sentiment index was revised higher to 88.3 in April from a preliminary level of 86.5.
The total number of active U.S. oil rigs slipped by 1 to 342 rigs this week, Baker Hughes Inc reported.
Data on farm prices for March will be released at 3:00 p.m. ET.
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