Crude Oil Down 1%; Lennar Earnings Miss Views

Benzinga
09/20

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 100 points on Friday.

The Dow traded up 0.34% to 46,297.65 while the NASDAQ rose 0.45% to 22,572.34. The S&P 500 also rose, gaining, 0.31% to 6,652.30.

Check This Out: Wall Street’s Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields

Leading and Lagging SectorsConsumer discretionary shares jumped by 0.8% on Friday.

In trading on Friday, energy stocks fell by 1%.

Top Headline

Lennar Corp. (NYSE:LEN) posted weaker-than-expected third-quarter results after Thursday's closing bell.

Lennar reported adjusted earnings of $2 per share, which missed the consensus estimate of $2.10. Quarterly revenue came in at $8.81 billion, which missed the Street estimate of $8.99 billion.

Equities Trading UP           

  • AGM Group Holdings Inc. (NASDAQ:AGMH) shares shot up 378% to $10.67 following the filing of Form 6-K with the Securities and Exchange Commission. The filing revealed that AGM's subsidiary in Hong Kong finalized the sale of Nanjing Lucun Semiconductor Co. Ltd. to Hong Kong Giant Electronics Co., Limited for $57.45 million on May 7. Nanjing Lucun mainly manufactures advanced hardware and computing equipment.
  • Shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) got a boost, surging 10% to $4.2201 after the company issued a year-over-year increase in preliminary FY26 Pro Forma revenue guidance and raised its FY25 sales guidance above estimates. The company will acquire all outstanding capital stock of Arps Dairy.
  • ZOOZ Power Ltd. (NASDAQ:ZOOZ) shares were also up, gaining 33% to $3.11 after shareholders approved all proposals related to its $180M private placement and Bitcoin treasury reserve strategy.

Equities Trading DOWN

  • Reviva Pharmaceuticals Holdings, Inc. (NASDAQ:RVPH) shares dropped 38% to $0.2615 after the company announced the pricing of a $9 million offering of 27 million common shares together with 27 million Series E Warrants and 27 million Series F Warrants at $0.335 per share.
  • Shares of ChowChow Cloud International (NASDAQ:CHOW) were down 17% to $4.45 amid post-IPO volatility.
  • Hess Midstream LP (NYSE:HESM) was down, falling 9% to $35.81 after the company cut its financial and operational outlook for the coming years, citing a slowdown in drilling activity by Chevron Corp (NYSE:CVX) in the Bakken beginning in the fourth quarter of 2025.

CommoditiesIn commodity news, oil traded down 1.2% to $62.80 while gold traded up 0.3% at $3,690.40.

Silver traded up 1.1% to $42.575 on Friday, while copper rose 0.2% to $4.6080.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.06%, while Spain's IBEX 35 Index rose 0.64%. London's FTSE 100 rose 0.02%, Germany's DAX 40 fell 0.02% and France's CAC 40 climbed 0.43% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Friday, with Japan's Nikkei falling 0.57%, Hong Kong's Hang Seng gaining 0.0009%, China's Shanghai Composite declining 0.30% and India's BSE Sensex falling 0.47%.

Economics

The Baker Hughes oil rig count rose by 2 to 418 in the latest week.

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  • This Intel Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday

Photo via Shutterstock

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