Dow Falls Over 100 Points; FedEx Posts Upbeat Earnings

U.S. stocks traded lower this morning, with the Dow Jones falling more than 100 points on Friday. Following the market opening Friday, the Dow traded down 0.26% to 45,903.09 while the NASDAQ fell 0.73% to 21,930.51. The S&P 500 also fell, dropping, 0.43% to 6,577.97. Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings Leading and Lagging Sectors Energy shares climbed by 1.1% on Friday. In trading on Friday, consumer discretionary stocks fell by 0.9%. Top Headline FedEx Corp. (NYSE:FDX) on Thursday reported better-than-expected third-quarter financial results and raised its FY26 adjusted EPS guidance above estimates. The company reported third-quarter revenue of $24 billion, beating analyst estimates of $23.42 billion, according to Benzinga Pro. The company posted third-quarter adjusted earnings of $5.25 per share, beating estimates of $4.13 per share. Equities Trading UP Azitra Inc (NYSE:AZTR) shares shot up 91% to $0.34. The clinical-stage company announced a securities purchase agreement with healthcare-focused institutional investors for gross proceeds of up to $31.4 million. Shares of Co-Diagnostics Inc (NASDAQ:CODX) got a boost, surging 102% to $4.40 after the company announced that it has signed an agreement for its Indian joint venture with ASE Group, CoSara Diagnostics, to significantly expand its commercial and distribution territory across South Asia to now include Bangladesh, Pakistan, Nepal, and Sri Lanka. Planet Labs PBC (NYSE:PL) shares were also up, gaining 31% to $35.33 after the company reported better-than-expected fourth-quarter sales results and issued FY27 guidance above estimates. Equities Trading DOWN Super Micro Computer Inc (NASDAQ:SMCI) shares dropped 28% to $22.12 after the company announced that the U.S. Attorney’s Office for the Southern District of New York has unsealed an indictment of three company associates in connection with an alleged conspiracy to commit export-control violations. Shares of Bark Inc (NYSE:BARK) were down 22% to $0.64 after the company announced that the Board’s Special Committee has decided that it’s in shareholders’ best interests to conclude the current review process without pursuing a transaction and to execute the company’s standalone strategy. Green Circle Decarbonize Technology Ltd (NYSE:GCDT) was down, falling 22% to $1.01 after declining 33% on Thursday. CommoditiesIn commodity news, oil traded down 0.7% to $95.49 while gold traded up 1.5% at $4,674.20. Silver traded up 1% to $71.935 on Friday, while copper rose 0.1% to $5.4695. Euro zone European shares were higher today. The eurozone's STOXX 600 rose 0.4%, while Spain's IBEX 35 Index rose 1%. London's FTSE 100 rose 0.3%, Germany's DAX gained 0.3% and France's CAC 40 rose 0.2% during the session. Asia Pacific Markets Asian markets closed mixed on Friday, with Hong Kong's Hang Seng index falling 0.88%, China's Shanghai Composite falling 1.24% and India's BSE Sensex gaining 0.44%. Economics The Baker Hughes Oil Rig Count will be released today. Photo via Shutterstock